The tenure of Rt. Hon. Muda Obasa as the Speaker of the Lagos State House of Assembly has been marred by controversy, particularly concerning his refusal to vacate the office despite mounting calls for accountability and transparency.
Beyond the political manoeuvring and public outcry, a recent cursory examination of the Lagos State Ministry of Economic Planning and Budget website portal has uncovered startling budgetary allocations and expenditure profiles of the House of Assembly. The findings paint a troubling picture that raises serious questions about fiscal responsibility, governance, and accountability under Obasa’s leadership.

The tenure of Rt. Hon. Mudashiru Obasa was marked by significant controversy, particularly concerning fiscal management and transparency. A meticulous examination of the LSMEPB’s web portal reveals substantial budgetary allocations and expenditures that raise critical questions about fiscal responsibility and governance under Speaker Obasa’s leadership. This analysis delves into the capital expenditure breakdown for the 2023 and 2024 fiscal years, focusing on specific line items that warrant scrutiny.
A Closer Look at the Budgetary Provisions and Expenditures

The 2023/2024 financial year budgetary allocations for the Lagos State House of Assembly provide an illuminating perspective on the financial dealings within the legislature. While the officially declared provisions suggest a well-structured fiscal plan, a detailed comparison of the actual expenditure reveals glaring infractions that contradict the narrative pushed by Obasa’s loyalists and media defenders.
Breakdown of the 2023/2024 Budgetary Provisions and Actual Expenditures

Meranda
Budget Item
Budgetary Provision (N)
Actual Expenditure (N)
Variance (N)
Observations
Legislative Overheads
3,500,000,000
6,200,000,000
+2,700,000,000
Over-expenditure requires justification
Constituency Project Funds
5,000,000,000
2,500,000,000
-2,500,000,000
Underutilization raises accountability concerns
Office of the Speaker’s Allowances
1,200,000,000
3,500,000,000
+2,300,000,000
Excessive spending under scrutiny
Committee Oversight Functions
1,800,000,000
1,200,000,000
-600,000,000
Poor implementation efficiency
House of Assembly Welfare Packages
2,000,000,000
4,800,000,000
+2,800,000,000
Possible misappropriation of funds
Key Infractions and Unanswered Questions
Excessive Spending on the Speaker’s Office
The staggering increase in funds allocated to the Office of the Speaker raises serious concerns about the nature and justification of these expenses. What exactly necessitated the additional N2.3 billion expenditure? Were these funds used for legitimate legislative functions, or do they represent unexplained spending?
Discrepancies in Constituency Project Funds
While N5 billion was earmarked for constituency projects, only N2.5 billion was utilized. Where did the remaining half of the budgeted funds go? Constituency projects are crucial for grassroots development, and any shortfall in allocation must be accounted for.
Unaccounted Expenditure on Legislative Overheads and Welfare Packages
The House of Assembly recorded an over-expenditure of N2.7 billion in legislative overheads and an additional N2.8 billion in welfare packages. Were these funds misappropriated? What specific expenditures justify these significant increments?
The Political Implications of Obasa’s Hold on Power
Obasa’s firm grip on the Office of the Speaker despite mounting controversies suggests a deeper political dynamic at play. Given the financial discrepancies outlined above, it becomes evident that a change in leadership may expose further irregularities, potentially motivating his determination to retain power at all costs.
There have been reports of strategic appointments, political patronage, and suppression of dissenting voices within the House of Assembly, all geared towards consolidating his authority. If left unchecked, such an entrenched political structure could erode the principles of accountability and transparency that form the bedrock of democratic governance.
Calls for Accountability and Transparency
The findings from the Lagos State Ministry of Economic Planning and Budget portal underscore the urgent need for an independent audit of the House of Assembly’s financial activities.
The Lagos State government, anti-corruption agencies, and civil society organizations must collaborate to demand explanations for these infractions and ensure that public funds are utilized for the benefit of the people.
Furthermore, legislators and political stakeholders must prioritize institutional integrity over personal loyalty. The Lagos State House of Assembly must function as a body that upholds public trust rather than as a tool for political entrenchment and financial mismanagement.
Capital Expenditure Breakdown: 2023 and 2024.
The following table presents a detailed breakdown of the capital expenditures for the Lagos State House of Assembly in the 2023 and 2024 fiscal years:
S/N
Expenditure Item
2023 (₦)
2024 (₦)
Actual Total
2024 (₦)
1
Construction of New Office Block
12,188,752,280.20
3,476,127,688.44
15,664,879,968.64
2
Purchase of Backup Vehicles for Hon. Members, Utility Buses, and Official Vehicles
13,332,950,408.90-
13,332,950,408.90
3
Provision for Lagos State House of Assembly Liaison Office in Abuja
–
126,000,000.00
126,000,000.00
4
ICT Infrastructure for E-Parliament
–
95,908,284.00
95,908,284.00
5
Purchase of Security Equipment
–
35,993,879.00
35,993,879.00
6
Institute of Democratic and Legislative Studies
–
23,990,000.00
23,990,000.00
7
E-Library
–
5,990,000.00
5,990,000.00
Total Capital Expenditure
12,188,752,280.20
17,095,970,260.34
29,284,722,540.54
Key Observations and Analysis
Construction of New Office Block
Expenditure Overview:
The allocation for the construction of a new office block stands at ₦12,188,752,280.20 in 2023 and an additional ₦3,476,127,688.44 in 2024, totalling ₦15,664,879,968.64 over two years.
Recurring Allocation Concerns: The substantial allocation in consecutive years for the same project raises questions about project planning and execution efficiency. Typically, such projects should have a clear timeline and budget, minimizing the need for repeated significant funding.
Transparency and Justification:
Detailed information regarding the necessity of the new office block, its projected impact, and a breakdown of costs is conspicuously absent. This lack of transparency hinders public understanding and oversight of the project’s legitimacy and scope.
Purchase of Backup Vehicles for Honourable Members, Utility Buses, and Official Vehicles
Expenditure Overview:
In 2024, ₦13,332,950,408.90 was allocated and approved for the procurement of backup vehicles, utility buses, and official vehicles. Why is he crying foul on the same expenditure which he has approved and directed its procurement. It is instructive to note that, this expenditure was approved after a meeting of the House of Assembly with the State Governor where the books were laid before the House members to see what was approved in the 2023/2024 Budget cycles and how much was disbursed to the House of Assembly in line with the Full autonomy of the Legislative arm of Government.
Provision for Lagos State House of Assembly Liaison Office in Abuja
Expenditure Overview:
The 2024 budget includes ₦126,000,000.00 for establishing a liaison office in Abuja.
Redundancy Concerns:
Considering that the Lagos State Government already maintains a substantial presence in Abuja, the necessity of a separate liaison office for the House of Assembly is questionable. This allocation may represent a redundant expenditure, diverting funds from other pressing needs within the state.
Purchase of Security Equipment
Expenditure Overview: An allocation of ₦35,993,879.00 is designated for security equipment in 2024.
Specificity and Accountability: The budget lacks specificity regarding the nature of the security equipment to be procured. Notably, reports have surfaced about the discovery of 47 pump-action guns in the office of the Chief Security Officer (CSO) to the Speaker.
Clarification is needed to determine whether these firearms were acquired through this budget line, and if so, to understand the justification and intended use of such an arsenal within a legislative context.
Duplications and Errors in Budget Items
Expenditure Overview:
Items numbered 4 through 7 ON THE BELOW ATTACHED LAGOS STATE HOUSE OF ASSEMBLY BUDGET PERFORMANCE FOR 2024 PERFORMANCE Q1 – Q3 appear to be duplicated in the budget, leading to potential inflation of the total allocation.
Implications: Such duplications may indicate corruptive practice of Rt. Hon. Mudashiru Obasa, more concerningly, deliberate attempts to obfuscate actual expenditures. This practice undermines the integrity of the budgeting process and calls for a thorough audit to rectify and explain these inconsistencies.
Conclusion
The capital expenditure allocations for the Lagos State House of Assembly in the 2023 and 2024 fiscal years reveal several areas of concern, particularly regarding the justification, transparency, and prioritization of funds. The recurring and substantial allocations for the construction of a new office block, significant investment in additional vehicles, potential redundancy in establishing a liaison office in Abuja, ambiguous security equipment procurement, and apparent duplications in budget items collectively suggest a pattern
Rt. Hon. Muda Obasa’s refusal to relinquish the Office of the Speaker of the Lagos State House of Assembly raises critical concerns about governance, accountability, and financial propriety. The uncovered budgetary discrepancies suggest that beyond the political drama lies a deeper crisis of fiscal irresponsibility and lack of transparency.
As public scrutiny intensifies, the key question remains: Will Lagosians demand and receive the accountability they deserve, or will this be another case of political impunity prevailing over democratic principles? Only time will tell.
Above table was culled from the web portal of Lagos State Ministry of Economic Planning & Budget.
