The Landlord Who Increased Rent By 200% 🏠📈

ABsz...Qb9q
31 Aug 2026
30


Oga Dele lived in a 2-bedroom flat in Surulere. Rent: 400k.
Landlord: Baba Segun. 70 years old. Always smiling.

December 31st, 11:59pm. Text came in:
*Baba Segun:* `My son, from January rent is now 1.2M. Economy hard. God bless you.`

Dele nearly fainted. `1.2M?! Triple?!`
He called. `Baba, please. I just renewed last year.`
*Baba Segun:* `Son, take it or leave it. Tenants dey outside.`

Dele had no choice. He paid. Grudgingly. Crying inside.
He started hating Baba Segun.

March came. NEPA cut light for 2 weeks. Whole street.
Everyone was shouting. Except Dele’s compound.
Generator was on 24/7. Fuel tank full.

Dele went to ask. `Baba, how you dey manage?`
*Baba Segun opened his room.* Inside: 3 bags of rice, cartons of Indomie, drugs, and an envelope.

*Baba Segun:* `Son, when I increased your rent, I put the extra 800k aside. This is for emergencies. For you and other tenants. I’m old. I don’t need new car. I need to see you people okay.`

He brought the envelope. `Here. 300k. Your mom’s hospital bill I heard about. Pay it.`

Dele broke down. `Baba... I thought you were wicked.`
*Baba Segun:* `The world is hard. If I don’t collect extra now, how will I help you when trouble comes?`

That year, 3 tenants lost jobs. Baba Segun used "rent increase" money to feed them for 6 months.
No one knew.

*Moral:* Not every increase is greed. Sometimes it’s preparation.

---


BULB: The Future of Social Media in Web3

Learn more

Enjoy this blog? Subscribe to OBMU

0 Comments