How Lagos Speaker Obasa Received N51m Transactions 11 Times In One Day


The Speaker of the Lagos State House of Assembly, Hon. Mudashiru Obasa conducted transactions worth N51,680,672.91 a staggering 11 times in a single day, bank documents show, as allegations of violation of code of conduct regulations continue to trail the lawmaker.

Bank documents published by Peoples Gazette on Friday showed that the lawmaker received the suspicious funds on October 30, 2018, through the bank account of his company De Kingrun Multipurpose Limited in United Bank for Africa (UBA). The company’s account number 1017424021 is linked with the lawmaker’s phone number: 08033014094.

The funds which amounted to N568,487,402.01 were the only transactions conducted on the account throughout the year.

The bank turned down the online newspaper’s request for comments.

Obasa, who was first elected into the Assembly in 2007 and emerged Speaker in 2015, has been linked with lucrative personal business transactions in contravention of Code of Conduct regulations for public officials which prohibits him from private commercial ventures.

De Kingrun Multipurpose Limited is just one of several companies linked to him.

Another online newspaper, Sahara Reporters had months ago published reports linking Obasa to corrupt practices, which caused the Economic and Financial Crimes Commission (EFCC) to invite him for questioning.

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The documents published by Peoples Gazette showed that the De Kingrun Multipurpose Limited has also been conducting business with the Lagos state Government, despite the lawmaker’s constant denial of allegations of abuse of office.

For instance, the documents showed that the company in 2016 received four transactions amounting to N225,330,000 in total from the ministry of environment and Universal Basic Education (UBE) in Lagos. The transactions broken down into N56,332,500.00 apiece occurred on April 21.

On April 28, 2016, UBE also paid N33,013,665.27 four times into the account, totalling N132,054,661.08.

The nature of businesses De Kingrun conducted with the state government to deserve such payments remain unclear.

Peoples Gazette reported that Obasa and his representatives declined comments for the story.

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