UPDATE: U.S FINALIZES $20,000 VISA BOND POLICY AFFECTING NIGERIA AND 49 OTHER NATIONS. (PHOTO).

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 U.S Finalizes $20,000 Visa Bond Policy Affecting Nigeria and 49 Other Nations The United States government has officially formalized its visa bond policy, making it a permanent measure that could require travelers from 50 designated countries, including Nigeria, to pay a refundable bond of up to $20,000 before receiving certain visas. First introduced as a pilot scheme in 2025, the policy targets applicants seeking B1 and B2 visas, which are designated for business and tourism. According to the U.S. Department of State, the initiative is designed to bolster compliance with local immigration laws and drastically reduce visa overstay rates. How the Visa Bond Policy Works Under the permanent guidelines, U.S. consular officers have the discretion to instruct eligible applicants to post a bond as a prerequisite for visa issuance. However, U.S. authorities have clarified that the financial requirement will not be applied automatically to every traveler from the listed nations. Data anal...
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LAGOS ASSEMBLY URGES ENFORCEMENT OF TENANCY LAW TO CURB ARBITRARY RENT HIKES. (PHOTO).

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 Lagos Assembly Urges Enforcement of Tenancy Law to Curb Arbitrary Rent Hikes


The Lagos State House of Assembly has directed the Attorney-General and Commissioner for Justice to enforce the Tenancy Law of Lagos State 2015 to address illegal and excessive rent increases by landlords. The resolution, passed during Tuesday’s plenary session, followed a motion by Hon. Sa’ad Olumoh, who highlighted the growing trend of arbitrary rent hikes across the state.


Citing Section 37 of the Tenancy Law, which prohibits unreasonable rent increases and allows tenants to seek legal redress, Olumoh warned that unchecked hikes were exacerbating homelessness in Lagos. Supporting the motion, Hon. Desmond Elliot revealed that rent in his Surulere I constituency had surged by 100 to 200 percent. While acknowledging infrastructural development, he argued it should not justify such increases and called for reviewing the two-year tenancy agreement term, agency, and legal fees.


Hon. Aro Moshood criticized landlords for ignoring tenants’ income levels and conducting evictions without legal due process, noting, “Many people earning minimum wage can’t even afford a room.” Hon. Shabi Adebola urged the government to provide more low-cost housing to support low-income residents.


Speaker Rt. Hon. (Dr.) Mudashiru Obasa, in his ruling, stressed the need for a broader discussion, including the rising cost of building materials. He tasked the House Committee on Housing, chaired by Hon. Ege Olusegun, to summon stakeholders and agencies to explore lasting solutions. The House also resolved to engage the Commissioner for Information and Strategy to raise public awareness about the Tenancy Law’s provisions.


In a separate development, the Assembly passed the Lateef Jakande Leadership Academy Bill for the third time. Speaker Obasa directed the Acting Clerk, Mr. Abubakar Ottun, to forward a clean copy to the governor for assent.

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