Lagos Assembly's Obafemi Saheed Leads Asset Tracking Initiative

The Lagos Assembly has set up a committee to track public assets, as announced by Obafemi Saheed, the Chairman of the House Committee on Asset Recovery and lawmaker for Kosofe Constituency II. The committee began its engagement with various ministries, departments, and agencies on Friday, October 9, at the Assembly Complex.

This initiative is part of the Assembly's oversight function to ensure proper accounting and utilization of government properties for the benefit of residents. Saheed emphasized that heads of ministries and institutions who fail to respond to the committee's invitations would face sanctions, including the power to subpoena individuals and seek the Assembly's approval for arrest warrants against non-compliant parties.

Agencies that have appeared before the committee include the Lagos State New Town Development Authority, Lagos State Waterways Authority, Lagos Metropolitan Area Transport Authority, and others. This initiative reflects a growing legislative effort to scrutinize public asset management, aiming to block revenue leakages and improve governance transparency.