LG Boss Leaves ₦20m After Receiving ₦512m Days Before Tenure Ends — Hotel, House Traced to Her

A former local government chairperson in Lagos State has been reported to have left N20 million in the coffers of the Local Council Development Area in Lagos State after receiving N512 million from the Federation Account three days before her tenure ended.

This was according to information provided by a senior staff of the Tribune newspapers, Lanre Adewole, in the column he authored on Sunday.

According to Adewole, the revelation constituted part of a report submitted to the Speaker of the Lagos State House of Assembly, Rt. Hon. Mudashiru Obasa, which formed the crux of the meeting the legislators had with chairpersons of LGAs and LCDAs in the state.

According to the report, an immediate past chairperson of a LCDA got N512 million as allocation for her last month in office.

Adewole wrote: “It was three days to her exit.

“By the time the new man took over, a whopping N492 million had disappeared.

“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.

“The supervisory councillors also got parting gift in millions.

“And everyone went home for thanksgiving.”

Adewole said according to verifiable records, the LCDA got N4.8 billion as allocation between January and July 2025.

He revealed that a newly-built multi-million naira hotel in Osogbo, the Osun State capital, is being linked to the former chairperson of the LCDA in addition a new property in Magodo GRA Phase 2 area of Lagos State.

The senior editor then quoted a portion of the report to Obasa: “The brazen (alleged) mismanagement of public funds by immediate past and newly elected Local Government chairmen in Lagos State is unparalleled by any Local Government in Nigeria. There is a disturbing pattern of (alleged) looting, particularly the (alleged) diversion of monthly Joint Allocation Committee (JAC) funds.

“Recently, the Speaker of the Lagos State House of Assembly highlighted this issue when he called them to a meeting and drew the attention of these chairmen and their management, yet the impunity persists.

“There is a formula ratio of 30% to the management staff from and payment made from the LG accounts, particularly when it is spurious, which they tag as “RUN’; management get this 30%, plus another 5% for retirement.

“These cadre of management officials also (allegedly) buy their posting from the Local Government Service Commission at varying cost, from Five Million Naira to Twenty Million Naira with a monthly premium of Two million, Five Hundred Thousand Naira for ‘Category A’ LG and in that order. Indeed, brother to the (redacted) is the arrow head of this cartel. He is a director in one of the Local Governments. He is (allegedly) feared by even the Local Government Service Commission members.

“Investigation revealed that newly-elected officials, despite receiving July and August allocations, have (allegedly) squandered these funds with reckless abandon.

“For instance, the Chairman of a metropolitan LG has embarked on lavish trips to London, Saudi Arabia (under the guise of ‘lesser Hajj’), and Dubai, accompanied by associates for ‘birthday festivities of an urbane Oba’.

“Meanwhile, his counterpart in an LCDA stands accused of siphoning over N2 billion to construct private properties within the council area, now under ICPC investigation. Such actions starkly contradict their mandate to drive grassroots development.

“Equally troubling are reports that some immediate past council Chairmen still control their Council accounts through payment of frivolous contracts (allegedly) awarded by them and receive inflows into their accounts, raising questions about oversight.

“The Speaker’s warning to current Chairmen appears ignored, as the propensity to loot now rivals governance priorities. This culture of impunity, treating public funds as personal ATMs, undermines trust in local governance and deprives communities of critical infrastructure and services.”

The report then called on Governor Babajide Sanwo-Olu to: “Initiate immediate audits of all LGs/LCDAs to trace fund utilization, sanction indicted officials/including recovering misappropriated funds, strengthen transparency mechanisms such as mandating public expenditure reports, stop forthwith any posting, deployment or moving around of Council staff pending an holistic audit of same and appropriately relieve this set of Local Government Service Commissioners and their Permanent Secretaries and Directors involved in establishment matters.

“The time to act is now. Lagosians demand accountability, not luxury junkets funded by their sweat. Failure to address this crisis risks normalizing corruption and crippling local governance.”