Some more experts on Monday picked holes in the new tenancy bill signed into law by Governor Babatunde Fashola on Aug. 24.

 They told the News Agency of Nigeria (NAN) in Lagos that although the law would help residents to secure accommodation, real estate businesses might move from Lagos to other states. Prof. Pat Utomi, Director in Lagos Business School (LBS), said he agreed in principle with the law but the law would really work on demand and supply structure.

Utomi said the law should apply in two ways to give landlords the right to throw out a tenant once he could not pay his rent within three months.

According to him, the civil society must rise up to the challenges as “everywhere in the world you declare fair business practice”.

http://www.livenigeriapost.com/2011/09/05/experts-pick-holes-in-lagos-tenancy-law/

Lol, the rich also cry.