Post by Lekee Unfiltered (@jude_callister)
Let me get this straight. ₦120,000,000. One hundred and twenty million Naira. For two years of living in someone else's house. And we are supposed to clap?
This is the exact kind of madness that makes me want to scream into the void until the void screams back.
A Nigerian-Canadian X commenter dropped a bombshell of logic that has my head spinning, and I need to break it down for everyone who is still asleep at the wheel. The commenter asked:
“Why Would Someone Pay ₦120 Million For Two Years Rent On a 4-Bedroom House In Banana Island When, For Less Than That Amount, You Can Buy Your Own House In Lekki For ₦100 Million? I Honestly Get Confused About How Nigeria Works Sometimes.”
That is the question of the year. The decade, even. But let me take you deeper into the gutter of this situation because it gets even worse.
A woman living in Banana Island has accused her landlord of attempting to force her out after increasing her annual rent by a staggering ₦50 million. Do the math with me. That is a 392.61% increase. Almost four hundred percent. In one year. Not over a decade. Not over five years. One. Single. Year.
According to her, they had agreed on a staggered payment arrangement. She thought she had a deal. She thought there was an understanding between human beings. But what did the landlord do? He cut off her electricity. He allegedly moved to evict her. And to add the most disgusting layer to this already rotten cake—she ended up injured.
Injured. Over a rent dispute. In a country where people are already bleeding financially just to survive.
Let me sit down and do the mathematics for the people in the back. ₦120 million for 24 months of rent equals ₦5 million per month. For a 4-bedroom. In Banana Island. Meanwhile, for ₦100 million, you can buy a solid 4-bedroom house in Lekki. A house you actually own. A house that becomes your generational asset. A house no landlord can cut off your light from.
So what exactly are we paying for? The prestige of saying "I live in Banana Island"? The bragging rights that come with an address that impresses your Instagram followers? Because it certainly isn't financial sense. It isn't peace of mind. And judging by the fact that this woman ended up physically hurt, it isn't safety either.
This situation exposes everything wrong with the Nigerian property market and the mindset that props it up. Landlords are behaving like feudal lords, treating tenants like serfs who owe them their firstborn children. They hike prices with the reckless abandon of someone who has never had to count kobo to buy rice. And when a tenant tries to negotiate or stick to an agreement? They pull the plug—literally—on electricity and allegedly resort to physical force.
The woman's accusation isn't just about money. It is about dignity. It is about the dehumanizing reality of renting in a country where the rules change whenever the landlord wakes up on the wrong side of the bed.
And the Nigerian-Canadian commenter hit the nail squarely on the head. Why would you throw that kind of money into a black hole of two-year rent when you can own something tangible in Lekki? Something that appreciates? Something that gives you leverage instead of leaving you at the mercy of a landlord who sees you as a cash cow to be milked until the udder bleeds?
Make it make sense. Please. Someone. Anyone.
Because right now, the math isn't mathing. The logic is missing. And the only thing that is consistent is the greed.
I honestly get confused about how Nigeria works sometimes too. We glorify locations over logic. We choose temporary flex over permanent assets. We allow ourselves to be squeezed dry just to stay in neighborhoods that will forget our names the moment we pack out.
To that woman in Banana Island, I see you. I hear you. And I am sorry you had to experience injury on top of insult. To that landlord, if you are watching this—shame on you. A 392% increase is not business. It is extortion. And cutting off her power while she is still in the property? That is not just illegal; it is wickedness wearing a suit.
To everyone else reading this, let this be a lesson. If you have ₦100 million to burn on two years of rent, think twice. Think thrice. Buy your own house. Own your own land. Stop making landlords richer while they make your life harder.
This is Lekee. Unfiltered. Unscripted. And absolutely unimpressed with the circus we call the Nigerian real estate market.
Drop your take in the replies. Would you pay ₦120 million for two years in Banana Island, or are you buying in Lekki and laughing all the way to the bank? Let's argue. Let's trend. Let's make #lekeelekee the voice of reason in this sea of madness.
#lekeelekee #BananaIsland #Lekki #NigeriaRealEstate #RentCrisis #LandlordVsTenant #392PercentIncrease #Unfiltered #Trending #NigeriaEconomy #GreedAlert #JusticeForTenants
0 likes · 0 comments · 0 shares