The Lagos State government is taking significant steps to recover its assets.
The Lagos State House of Assembly has formed an eight-member ad hoc committee tasked with identifying and documenting government-owned assets. This committee will also assess both documented and undocumented properties belonging to the state government.
Lagos State Assembly Forms Asset Recovery Committee
The newly constituted committee aims to streamline the recovery process of government assets. By focusing on both documented and undocumented properties, the committee seeks to ensure that all state-owned assets are accounted for. This initiative reflects a proactive approach to managing public resources effectively.
Lagos State: Key figures on government-owned assets
- Eight-member ad hoc committee
MDAs Collaborate with the Committee
Several Ministries, Departments, and Agencies (MDAs) have already engaged with the committee. The Lagos State New Town Development Authority (NTDA), Lagos State Waterways Authority (LASWA), and Lagos Metropolitan Area Transport Authority (LAMATA) are among those that have appeared before the committee. Their involvement is crucial for a comprehensive assessment of the state’s assets.
Next Steps for Asset Recovery
- The committee will continue to meet with various MDAs.
- Further assessments of properties will be conducted.
- Documentation processes will be established for both known and unknown assets.
Lagos State is committed to recovering its government-owned assets for better resource management.
