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HEDA Asks EFCC To Investigate Mudashiru Obasa, over allegations of corruption and financial mismanagement
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Civil society group, the Human and Environmental Development Agenda, has petitioned the Economic and Financial Crimes Commission to investigate and prosecute Speaker of the Lagos State House of Assembly, Mudashiru Obasa, over allegations of corruption and financial mismanagement.
In the petition, which was also sent to President Muhammadu Buhari, Chairman of HEDA, Olarewaju Suraju, said Obasa used fictitious companies as fronts to corner public contracts and siphon public funds.
The petition reads, “In the light of the report and allegations by the anonymous caller, we have distilled the following actions/allegations initiated under the Speaker of Lagos State House of Assembly worthy of prompt probing as follows; purchase of a bullet-proof car at a market value of less than N100m (one hundred million naira), and the inflation of its price to N300m (three hundred million naira).
“Unilateral purchase of 40 cars for members of the Assembly with neither prior discussion with members nor official approval by the House. Purchase of 11 (eleven) other vehicles without bidding, advertisement and, rules and regulations guiding procurement or legislative approval.
“Use of fictitious companies as fronts for concerning public contracts and fleecing of public funds. De-kingrun (Obasa) Multipurpose Nigeria Limited with CAC No:RC 748741. is one of the companies where his three children (Obasa Abduganiyu, Obasa Hamzat Obasa Rahaman) are directors. These children were registered as shareholders while under age. The Chairman of the company is his father, Obasa Suleiman, and one of his wives, Obasa Busayo Janet, is the fifth director.
“This company is said to be used by the Speaker as a conduit to get contracts from the state government which is contrary to the Code of Conduct for public officers. Beyond the company directly used by the Speaker for securing and implementing contracts from the parliament and ministry, De-kingrun Multipurpose Nigeria Ltd, he is a beneficial owner of several other companies used for similar purpose and they are linked to his BVN numbers.
“These companies are: Adesav international ventures, Quick solution international ventures, Whitehoney enterprises, Cream on ice services, A. B DELCO Nigeria Company, Fabric Splash ventures, Skye macosh company, Swifthill international ventures, Sliver section global, Davedab global ventures, Jose Macosh company.
“Probe the following person and their respective account for being the alleged conduct of money diversion and active connivance in breaching public trust by diverting contracts and project into companies of his interest.
“Ajibosin Basirat, Personal Assistant to the Speaker, Polaris bank, 1040733867
Azeez Adebowale Sanni, Clerk of the Lagos State House of Assembly, Zenith bank, 1003804310.”
The group said it was shameful and embarrassing that the EFCC refused to prosecute Obasa despite a letter it wrote to the House demanding for him to be investigated for fraud in 2018.
The petition added, “However, this investigation is alleged to have been swept under the carpet, emboldened the embattled speaker to continue with his corrupt acts and extortions.
“The Speaker is alleged to have over 62 banks accounts either linked to his BVN or operated through other surrogates. This is information readily available to the commission. Account numbers of surrogate individuals and companies are also attached to assist with your investigations.
“Rule 1 of the code states that a public officer shall not put himself in a position where his interest conflicts with his duties and responsibilities.
“Also, section 6 states that a public officer shall not ask for or accept property or benefits of any kind for himself or any other person on account of anything done or omitted to be done by him in the discharge of his duties. And Section 6 (2) further expatiates Section 6(1) that enterprises or persons who have contracts with the government shall be presumed to have been received in contravention of the sub-paragraph unless the contrary is proved. Section 9 of the code also covers that a public officer shall not do or direct to be done, in abuse of his office, any arbitrary act prejudicial to the rights of any other person knowing that such an act is unlawful or contrary to any government policy. The above highlights allegations of various contravention of the code of conduct.”
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Tinubu’s $2.99bn Rail Push Sparks Calls for Nationwide Network Expansion
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By Sotayo Olayinka
The Federal Executive Council (FEC) on Thursday approved a $2.99 billion package of rail infrastructure projects, signalling a renewed commitment by the administration of Bola Ahmed Tinubu to deepen infrastructure development and unlock economic growth.
While this initiative is widely commendable, there is a growing call for the Federal Government to extend similar support to the Nigerian Railway Corporation (NRC). Strengthening the corporation would significantly improve inter-state transportation, ease the pressure on road networks caused by overloaded trucks, and enhance logistics efficiency nationwide.
Nigeria has already recorded progress with the Lagos–Ibadan rail corridor. However, greater impact can be achieved if the government connects Lagos to Abuja, complementing the existing Kaduna–Katsina line. Such integration would go a long way in addressing the country’s persistent transportation challenges. There is also increasing public demand for the expansion of rail services to the northern and eastern regions, which would create a more unified and dependable national transport system.
Many Nigerians still recall the 1960s, when train services operated seamlessly from Lagos to Kaduna and even Sokoto—an era that underscored the immense potential of an efficient rail network.
Expanding the railway system aligns with the administration’s Renewed Hope Agenda and would deliver tangible results in infrastructure development. There is also a widely held view that the current leadership of the NRC, under Managing Director Kayode Opeifa, is making meaningful progress in revitalizing rail services.
Sustained government backing will be critical to consolidating these gains and building a modern, efficient, and nationally connected railway system capable of driving economic growth and easing transportation challenges across Nigeria.
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Hon. Marcus Adedini Joins 2027 Ife Federal Constituency Race, Promises People-Centered Leadership
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……Engr. Adedini Declares for 2027 Reps Race, Picks Nomination Forms
Engr. Marcus Adedini has officially declared his intention to contest the House of Representatives seat for Ife Federal Constituency in the 2027 general elections, following the purchase of his nomination and expression of interest forms.
His declaration marks his formal entry into the race and reflects what he described as a long-standing commitment to public service, grassroots development, and policy-driven leadership across Ife land.
A development advocate and grassroots mobiliser, Adedini brings years of community engagement and policy experience to his ambition. Through his initiative, he has spearheaded several community-based interventions spanning education, healthcare, youth empowerment, and social welfare.
In the education sector, his programmes have supported students with scholarships, learning materials, and infrastructure development. In healthcare, he has facilitated medical outreach initiatives aimed at improving access to services and raising community health awareness.
Adedini has also implemented youth empowerment schemes, equipping young people with vocational skills, startup support, and capacity-building opportunities to promote entrepreneurship and reduce unemployment. His efforts extend to women and vulnerable groups through targeted empowerment programmes designed to improve livelihoods.
Beyond grassroots initiatives, Adedini has gained legislative exposure, contributing to the drafting of bills and motions in key sectors, including education, healthcare, and social development. Supporters say his experience in budgeting and project facilitation positions him to attract federal projects to the constituency.
Calling for support, Adedini urged residents of Ife Federal Constituency to rally behind what he described as a shared vision of inclusive growth and sustainable development.
He pledged to run a people-focused and issue-based campaign, promising effective representation and impactful service if elected.
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FEC Backs $2.99bn Rail Projects, Sets Stage for Power Sector Shake-Up
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… Lagos Green Line, Kano, Kaduna rail schemes to boost connectivity
… Tinubu to chair power sector task force as reforms gather pace
The Federal Executive Council (FEC) on Thursday approved a $2.99 billion package of rail infrastructure projects and the establishment of a Presidential Task Force on Power Sector Reform, in a move signalling a renewed push by the administration of President Bola Ahmed Tinubu to deepen infrastructure development and unlock economic growth.
Briefing State House correspondents after the Council meeting, the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, said the rail projects span key urban corridors and are designed to enhance mobility, reduce congestion, and stimulate regional commerce.
He listed the projects as the Lagos Green Line Rail, the Kano State Metro Rail, and the Kaduna State Rail project, noting that they have already been captured in the extended 2025 budget.
“The Federal Executive Council approved three transformative rail projects – Lagos Green Line, Kano State Metro Rail, and Kaduna State Rail project. These projects are to be sponsored by the Ministry of Finance Incorporated,” Oyedele said.
He explained that the approvals align with the administration’s broader infrastructure strategy, which prioritises rail transport as a cost-effective and sustainable alternative to road networks.
The Lagos Green Line is expected to complement existing mass transit systems in the commercial hub, while the Kano and Kaduna rail schemes are projected to boost passenger and freight movement across northern Nigeria, improving trade and economic activity.
In a related development, the Minister of Information and National Orientation, Mohammed Idris, announced the creation of a Presidential Task Force on Power Sector Reform, alongside key appointments aimed at strengthening governance in the electricity industry.
Idris said the Council approved the appointment of former Minister of Power, Lanre Babalola, as Special Adviser on Power to the President, to enhance coordination and policy oversight.
He disclosed that the President would chair the task force, with Babalola playing a central role in driving its activities.
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“The task force is part of renewed efforts by the administration to reposition the power sector as a critical driver of industrialisation and economic growth,” Idris said.
According to him, the decision followed the submission of a report by a presidential committee set up on March 4 to review the commercial and institutional framework for the proposed Grid Asset Management Company (GAMCO).
He noted that the task force brings together key stakeholders, including the Ministers of Finance, Power, Industry, Trade and Investment, Information, and the Attorney-General of the Federation, alongside regulators and representatives of electricity generation and distribution companies.
Idris said the body would focus on implementing far-reaching reforms to address structural bottlenecks in the sector, stressing that stable electricity supply remains central to Nigeria’s economic transformation.
He added that the government is committed to a comprehensive overhaul of the power sector to unlock industrial productivity and improve living standards.
The minister further disclosed that the FEC meeting was preceded by the swearing-in of a National Commissioner of the Independent National Electoral Commission (INEC) and four Permanent Secretaries.
He said President Tinubu administered the oath of office on retired Rear Admiral K. M. Marafa as INEC National Commissioner following her confirmation by the National Assembly.
Idris added that the Council deliberated on a 32-point agenda, reflecting what he described as the administration’s broad reform focus across critical sectors of the economy.
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