Lagos Assembly Launches Asset Recovery Initiative

The Lagos State House of Assembly has commenced an initiative to identify and recover government properties that lack proper documentation regarding ownership, location, or status. The Assembly has formed an eight-member ad hoc committee, chaired by Obafemi Saheed, the lawmaker representing Kosofe Constituency II.

This committee is tasked with questioning ministries, departments, and agencies about assets under their control. Saheed emphasized that this exercise is part of the Assembly's oversight responsibilities, aimed at scrutinizing government expenditure and ensuring that public funds are used effectively.

The committee is focused on compiling an inventory of state-owned properties, assessing their current status, and determining their proper use for the benefit of Lagos residents. Saheed warned that heads of ministries and agencies who fail to comply with the committee's requests could face compulsory appearances and potential legal actions.

Agencies such as the Lagos State New Town Development Authority and the Lagos State Waterways Authority have already appeared before the committee to provide records of their assets.