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The recent order by a Federal High court sitting in Lagos to the Economic and Financial Crimes Commission (EFCC) to freeze some bank accounts of the Speaker Lagos State House of Assembly Rt. Hon. Mudashiru Ajayi Obasa may have justified accusations of Financial recklessness and mismanagement of Public funds levelled against him from several quarters including that of the Concerned staff of Lagos State House Assembly to the Independent Corrupt Practices Commission (ICPC).

According to the petition in SecretReporters possession, the incumbent speaker, who is representing Agege Constituency 1 for a record fifth term was accused of recklessly using funds from the State House of Assembly to enrich his pocket and that of his immediate family.

Investigations revealed that over the years, Obasa has used no fewer than twelve companies for receiving contracts from the Lagos State House of Assembly which he superintends as the Speaker and other government agencies in the state. Some of this companies include; Andesav International Ventures, Quick solution International Ventures, White Honey Enterprises, Cream on Ice Services, A.B. Delco Nigeria Company, Fabric Splash Venture, Skye Macosh Company, Swifthill International Venture, Silver Section Venture, Devedab Global Venture and Jos Macosh Company.

Clearly, in violation of procurement guidelines, Obasa also used another company called De Kingrun Multipurpose Nigeria Limited to secure and implement contracts from the Lagos State House of Assembly. Listed as stakeholders in the company are his Father, Obasa Suleiman, one of his wives Obasa Bayo Janet, and three of his children Obasa Abdulganyu, Obasa  Hamzat, and Obasa Abdulrahman all bearing the same contact address of 27  African Church Street, Ifako  Agege, Lagos State.

Said to be the financial director and sole signatory to the bank accounts of the company with Zenith Bank domiciled at Oke lewo, Abeokuta, Ogun State with Hundreds of Million in Naira as account balance illegally owned by him, credible sources also revealed that during the registration of the company with Registration No A813/08/308 and listing of names, all three children registered as stakeholders were underage, yet they were registered as businessmen by Obasa.

Taunted as one of the most corrupt speakers in the history of Lagos State, Obasa we learned also illegally allocated the sum of N10 Million as Monthly allocation from the Lagos State House of Assembly to one of his wives while approving the sum of N47.5 Million for quarterly media promotion.

The petition also alleged that another sum of N17 Million was used by Obasa for the maintenance of his personal residence from which he allegedly diverted N50 Million to mobilize thugs to burn down the Civic Media Lab Office as a way of getting back at fellow lawmakers for exposing his fraudulent activities.

All efforts made to get Hon. Mudashiru Obasa to react to these allegations proved abortive as our Freedom of Information letter sent to his office at the Lagos State House of Assembly, Alausa, Ikeja from our newsroom got to his office but he way billed it back to our office without acknowledging it. He did not also respond to phone calls.

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