Tejuosho, 100 Others to Forfeit Illegally Acquired Assets
Lagos considers prosecuting beneficiaries
The Lagos State Government may have begun revoking its assets illegally acquired by highly placed persons in Ikeja GRA, Ikoyi, Magodo, Lekki and Victoria Island among others, in line with the report of a panel of inquiry it set up to probe the sale of such assets between 2006 and 2016, THISDAY has learnt.
A source disclosed the commencement of the revocation exercise at the weekend, noting that the state government might also prosecute over 100 beneficiaries of illegal asset acquisitions in the state.
The source, who spoke with THISDAY in confidence, disclosed that a serving member of Lagos State House of Assembly, Hon. Funmi Tejuosho might be affected in the on-going revocation of illegally sold assets.
Apart from the lawmaker, the source revealed that no fewer than 100 highly placed persons including political actors, lawmakers as well as former government functionaries who served under the administrations of Asiwaju Bola Tinubu and Mr. Babatunde Fashola would be affected.
The source explained in detail how Tejuosho was involved in the alleged illegal deal to which he said the state government lost billions of naira, noting that two wings of a 5-bedroom semi-detached house located in Ikeja GRA was the official residence of Deputy Speaker of Lagos House of Assembly.
He said the lawmaker representing Mushin Constituency I moved into the apart- ment when she was serving as the State Deputy Speaker between 2007 and 2009, but allegedly used a firm linked with her to acquire the property at a ridiculous offer while serving as the deputy speaker.
After extensive review of the report, according to the source, it was discovered that two wings of a 5-bedroom semi-detached house located around Ikeja GRA valued at hundreds of millions of naira was in 2010 offered to a certain Funmi Smith of Debam Mega Solutions Limited.
He said: “The property was acquired by a firm linked to Hon. Funmi Tejuosho. It was sold at a sum far less than half of its market value, but seven years after the offer barely half of the offered sum had not been paid to the state government coffers by the company.”