A former chairperson of a Local Council Development Area (LCDA) in Lagos State is now under scrutiny for allegedly spending N492 million out of N512 million received from the Federation Account just three days before her tenure ended, leaving only N20 million behind for her successor.
The revelation was made by a senior journalist with the Tribune Newspapers, Lanre Adewole, in his Sunday column, citing details from a confidential report submitted to the Speaker of the Lagos State House of Assembly, Rt. Hon. Mudashiru Obasa.
According to the report, the council boss received the N512 million allocation shortly before leaving office. By the time the new chairman assumed duty, only N20 million remained in the council’s account.
Adewole wrote, “She spent N492 million in 72 hours, leaving behind a paltry N20 million for her successor. Seven councillors who served with this ‘princess’ got N1 million each as parting gifts, while supervisory councillors also received millions. Everyone went home for thanksgiving.”
The report further revealed that the LCDA in question received about N4.8 billion in allocations between January and July 2025. It alleged that a newly built multi-million-naira hotel in Osogbo, Osun State, and a luxury property in Magodo GRA Phase 2, Lagos, have been linked to the former council boss.
Quoting the report to Speaker Obasa, Adewole wrote that the alleged mismanagement of public funds by some former and newly elected local government chairmen in Lagos State “is unparalleled by any local government in Nigeria.”
The document urged Governor Babajide Sanwo-Olu to order a full audit of all 57 LGAs and LCDAs in the state to trace fund utilisation and sanction officials found culpable. “The time to act is now. Lagosians demand accountability, not luxury junkets funded by their sweat. Failure to address this crisis risks normalising corruption and crippling local governance” – the report concluded.