Speaker Of Lagos HOA, Obasa Awards Contracts To Self Through Company Registered In Son's Name

Published On: March 22, 2020, 9:52 pm (8 months ago)
Author: Mister Jay Wonder
bohlah (m)

Emerging facts have revealed illegal activities being perpetrated by Speaker of Lagos State House of Assembly, Mudashiru Obasa.

SaharaReporters had on Saturday published a report highlighting a list of companies the Speaker had been using to award contracts to himself and launder public funds.

The report revealed that Obasa primarily used De Kingrun Multipurpose Nigeria Ltd for securing and implementing contracts from the parliament and ministries.

He also owns several other companies used for receiving contracts from the Lagos Assembly.

The companies include Adesav International Ventures, Quick Solution International Ventures, White Honey Enterprises, Cream on Ice Services, A.B DELCO Nigeria Company, and Fabric Splash Ventures.

Others are Skye-Macosh Company, Swifthill International Ventures, Silver Section Global, Davedab Global Ventures and Jose Macosh Company.

According to the documents sighted by SaharaReporters, Obasa is a direct beneficiary at De Kingrun Multipurpose Nigeria Ltd.

To avoid it being directly linked to him, the Speaker did not use his name to register but used his father, wife and children as shareholders in the company.

The Public Procurement Act 2007 and Corrupt Practices and Other Related Offences Act 2000 bars political office holders from issuing contracts to themselves or companies they directly benefit from but these laws are being constantly violated with impunity in the country.

In the Company and Allied Matters Decree 1990 of De Kingrun Multipurpose Nigeria Ltd. with RC: A813/08/308 sighted by SaharaReporters, the names listed on the company are Obasa’s father, one of his wives and three of his children.

As at the time of registration and listing of names, Obasa's children were underage yet they were registered as businessmen by the Speaker.

Obasa is the sole signatory to all the bank accounts of the company.

A Zenith Bank account of the company domiciled at Oke Ilewo, Abeokuta, Ogun State, has in it hundreds of millions of naira illegally acquired by the Speaker of Lagos House of Assembly.

Posted: (8 months ago) on 22-03-2020 09:52 PM | Addicted Hero
Posted: (8 months ago) on 22-03-2020 10:01 PM | Upcoming
Thieves in power in zoo land(nigeria) hope he never find peace with his family .
Posted: (8 months ago) on 22-03-2020 10:13 PM | Gistmaniac
This guy i was surprised is made speaker of assembly is school mate told me that he steal  a lot in the school days .
Posted: (8 months ago) on 22-03-2020 10:22 PM | Upcoming
Last week his governor was asking money for help but with this news this guy on media can now give him the money he steal ,That is the reason nobody trust nigeria goverment,they all theives.
Posted: (8 months ago) on 22-03-2020 10:37 PM | Gistmaniac
<a href="http://www.youtube.com/watch?v=l96QO8OwYqE" target="_blank" class="aeva_link bbc_link new_win" rel="nofollow">http://www.youtube.com/watch?v=l96QO8OwYqE</a>
Posted: (8 months ago) on 23-03-2020 02:15 AM | Newbie
Tinubu's delinquent miscreant.
Posted: (8 months ago) on 23-03-2020 05:12 AM | Upcoming
So how can workers be pay when he steal this large of money,his wifes  and father should be arrested.this is abuse of power.
Posted: (8 months ago) on 23-03-2020 07:32 AM | Gistmaniac
can you imagine is own way of stealing
Posted: (8 months ago) on 23-03-2020 09:53 AM | Gistmaniac