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The Lagos State House of Assembly has begun scrutinising how government-owned properties are recorded and managed, with lawmakers seeking explanations for assets that are not adequately captured in official records.
The exercise has brought several state institutions before an ad hoc committee tasked with examining public assets and determining whether government properties are properly accounted for. The review is expected to expose gaps in documentation and help the state establish a dependable inventory of its holdings.
Obafemi Saheed, chairman of the committee and representative of Kosofe Constituency II, said government agencies must demonstrate transparency in handling properties entrusted to them. He emphasised that public assets belong to the people and should be managed in a manner that protects the state’s interests.
The committee has also warned that non-compliance with its investigation will not be treated lightly. According to Saheed, officials who disregard legislative invitations or fail to provide relevant documents risk facing sanctions, while the Assembly may deploy its legal powers to secure their cooperation.
Agencies that have participated in the proceedings include the Lagos State Waterways Authority, Lagos Metropolitan Area Transport Authority, Lagos State New Town Development Authority and Lagos State Ferry Services. Representatives of ministries responsible for education and employment-related matters have also appeared before the lawmakers.
As the investigation progresses, the committee is demanding comprehensive information on properties and other assets held by the various institutions, regardless of whether they have been properly documented. The findings are expected to guide further action towards improving public asset management and preventing government resources from going unaccounted for.
