News reaching us from popular X handle @chude, has it that the Federal Government has impose compulsory insurance on landlords with tenants. This move is to enable the tenants handle emergencies during casualty.
The Federal government through Nigeria Deposit Insurance Commission (NDIC) will chase away every tenants from houses that is not under Insurance as stipulated by this new law.
The law states the part of the insurance money will go to fire service in the eventuality of any fire disaster.
What do you think about this new insurance policy law for landlords. With this law in place, House rent will definitely increase to the next level.
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