Witness narrates how Ex-HoS, allies diverted public funds to private companies in court
LASG sets up a trust fund geered towards restructuring and rebuilding
By Modupe Shodeinde
Governor Babajide Sanwo-Olu in a move to commence the restructuring and rebuilding of destroyed properties in Lagos state, in the aftermath of violence that accompanied the #EndSARS protest, has set up the Lagos Rebuild Trust Fund.
The Governor made this known on Wednesday during the signing of an executive order to inaugurate an eight-man LRTF committee.
He said that the trust fund committee would be responsible for collating the cost of restructuring and rebuilding the destroyed property and the dentification of critical needs of the state.
Sanwo-Olu stated that the state was ready to move away from reminiscing on devastation that occurred in it and take steps towards reconstructing and building a stronger state.
He stated, “We have decided to look to the future with hope as we work on healing the wounds of our recent past. Instead of wallowing in our pain, we have chosen to positively move forward. We will embrace new standards of governance; we will build stronger partnerships, stronger people, stronger institutions, and a stronger state.
“In the last few weeks, we have been inundated with local and global offers of assistance to rebuild our state and recover all we lost to arson and violence in October. It is obvious that we can no longer wait to begin the onerous task of reconstructing Lagos State. In the next few days, our government will send a bill to the Lagos State House of Assembly for the establishment of a trust fund to rebuild Lagos.
“However, with the deluge of offers of immediate help and assistance that we have received locally and internationally, we can no longer wait until the bill is passed. It is expedient that our enumeration, recovery, and rebuilding efforts start as soon as possible.”
According to Sanwo-Olu, the RLTF committee would be dissolved when the bill became law, while its functions would be transferred to a newly established trust fund.
The members of the trust fund committee are: Mr Yemi Cardoso, Prof. Kanyisola Ajayi, Mr Gbenga agboola, Mrs Bola Adesola, Mr Sam Egube, Jimi Hotonu, Mr Abubalar Suleiman and a member of an international donor agency.
