Lagos Assembly Sets up Committee to Recover Government Assets  

Lagos Assembly Sets up Committee to Recover Government Assets  

The Lagos State House of Assembly has constituted an eight-member ad hoc committee to identify, document, and facilitate the recovery of government-owned assets. 

The committee is also mandated to establish the status of documented and undocumented properties and other assets belonging to the state government. 

The committee’s Chairman, Mr Obafemi Saheed, said on Friday that the exercise was part of the Assembly’s oversight responsibilities to promote accountability and ensure prudent management of public resources. 

Saheed said the committee would scrutinise government expenditure, monitor the utilisation of public funds and ensure taxpayers’ money was applied to approved purposes. 

“This exercise will help determine the assets owned by the state, assess their current conditions and establish whether they were being effectively utilised for the benefit of residents,” he said. 

He urged Ministries, Departments and Agencies (MDAs) yet to submit the requested documents to do so without further delay and appear before the committee as scheduled. 

Saheed warned that heads of MDAs and other institutions that failed to honour invitations or treated the proceedings with disdain would face appropriate legislative action. 

He said the committee had the power to subpoena individuals and could seek the House’s approval to issue arrest warrants against those who refused to comply. 

The MDAs that had appeared before the committee included the Lagos State New Town Development Authority (NTDA), Lagos State Waterways Authority (LASWA) and Lagos Metropolitan Area Transport Authority (LAMATA). 

Others were the Lagos State Council for Arts and Culture and the Ministries of Basic and Secondary Education, Tertiary Education, and Wealth Creation and Employment. 

The Lagos State Ferry Services, Lagos State Printing Corporation, Lagos State Agriculture Input Supply Authority and Lagos State Agricultural Development Authority had also appeared before the committee. 

During the engagements, the committee sought clarifications from the agencies and directed them to provide comprehensive records of all assets under their custody, including documented and undocumented properties. 

The exercise aims to identify, verify, and facilitate the recovery of government assets for the benefit of Lagos residents. 

The committee is expected to continue the exercise, with other MDAs scheduled to appear before it. 

Other lawmakers present at the meeting were Messrs Jubreel Abdulkareem, Olayinka Kazeem, Samuel Apata, Sobur Oluwa and Bonu Solomon.  #Lagos Assembly Sets up Committee to Recover Government Assets# Lagos Assembly Endorses State Police