The Aseyin of Iseyin, Oba Sefiu Adeyeri, has warned estate agents against extorting students of the Ladoke Akintola University of Technology (LAUTECH), Iseyin campus, under the guise of collecting multiple agent fees on house rents.
Speaking at a stakeholders’ meeting held at his palace on Wednesday, the monarch condemned the practice of multiple agents charging separate 10% commission fees on the same accommodation, leading to inflated rental prices.
The meeting followed numerous complaints from students struggling with high housing costs since the Oyo State Government, under Governor Seyi Makinde, relocated LAUTECH’s Faculty of Agricultural Sciences from Ogbomoso to Iseyin in 2023.
Oba Adeyeri warned that any agent caught exploiting students would face legal consequences. He urged all grievances to be directed to a special committee set up to address the issue.
The meeting was attended by LAUTECH officials, student representatives, and community leaders, all of whom pledged to work towards improving students’ welfare, including security and transportation.
