Scandal-Plagued Lagos Assembly: Speaker Mudashiru Obasa Faces Renewed Scrutiny Over Financial Mismanagement

Lagos State House of Assembly Speaker Mudashiru Obasa remains at the center of a storm of corruption allegations that have plagued his tenure. Critics, anti-corruption groups, and opposition leaders have accused him of financial mismanagement, extravagant spending, and abuse of office, yet no substantive action has been taken against him.

Recent reports by People’s Gazette revealed that the Lagos State House of Assembly, under Obasa’s leadership, spent over ₦43 billion on “back-up vehicles for honourable members” between January 2023 and the third quarter of 2024. This expenditure, part of a larger ₦90.5 billion disbursed for questionable projects, has raised concerns among Lagos residents about the state’s priorities amid widespread economic hardship.

Budget documents shows the Assembly spent ₦30.1 billion on vehicles in 2023 and ₦13.3 billion in the first three quarters of 2024. Critics argued that these sums, which equate to roughly ₦1.1 billion per lawmaker, were frivolous.

Obasa has faced allegations of corruptions since early in his tenure, including reports of owning over 60 bank accounts used to misappropriate public funds. In 2019, People’s Gazette reported that Obasa conducted suspicious foreign exchange transactions totaling $2.4 million (₦1.1 billion). These funds were allegedly funneled through personal accounts and mutual fund investments.

In October 2020, the Economic and Financial Crimes Commission (EFCC) invited Obasa for questioning over allegations of fraud. Despite evidence of financial impropriety, including allegations of inflated contracts and misappropriated Assembly funds, the EFCC has yet to take decisive action. Protests led by civil society groups like the Civil Society Network Against Corruption (CISNAC) demanding accountability have yielded little progress.

Obasa has consistently denied the allegations. Speaking at a recent plenary, he dismissed claims of spending ₦17 billion on constructing a gate as “spurious and funny.” He also refuted allegations of spending ₦200 million on a nonexistent thanksgiving service, attributing the accusations to political fear-mongering ahead of the 2027 elections.

However, critics have dismissed these defenses as self-serving. A 2020 House panel, composed of Obasa’s allies, cleared him of wrongdoing—a decision labeled a “kangaroo judgment” by anti-corruption advocates.

Prominent anti-corruption campaigner Olanrewaju Suraju has urged the EFCC to act on the mounting evidence against Obasa, warning that his actions undermine legislative independence and public trust. “These revelations justify the urgent need for mechanisms to enforce probity and accountability in public office,” Suraju said.

Despite the scandals, Obasa appears untouchable, with analysts attributing his survival to political connections and an entrenched culture of impunity. As Lagos State prepares for the 2027 elections, the Speaker’s continued tenure symbolizes a broader challenge of corruption and governance in Nigeria’s political landscape.

Observers now await further developments as pressure mounts on anti-graft agencies to act decisively. For Lagos residents, however, the scandals highlight a troubling disconnect between political leadership and the needs of the people.

Source: Nairaland

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