The Ogun State House of Assembly Committee on Public Accounts and Anti-Corruption has tasked the management team of the State Housing Corporation to take advantage of its existing comparative advantage in the real estate market to improve its internally generated revenue into the state government’s coffers.
The Chairman of the Committee, Hon. Damilare Bello, gave the charge while examining the 2021 and 2022 financial records of the Corporation at the Assembly Complex, Oke-Mosan, Abeokuta, as part of the consideration of audit reports on Ministries, Departments, and Agencies of Government in the State.
Hon. Bello, who decried the sharp decline in the revenue records of the Corporation, pointed out that the Management, led by the General Manager, Mr. Akinwale Ojo, needed to be more strategic in improving the Corporation’s revenue generation performance through optimum productivity.
Bello, in company with other members of the Committee, counseled the Corporation to set machineries in motion to attract more subscribers to its existing and prospective housing schemes across the State, thereby placing it as a housing provider of choice in the State and beyond.
The Committee also requested the Management of the Corporation to submit supporting documents in relation to some expenditure lines, including lands and buildings, as well as those under residential, on or before April 30, 2024.
The Committee had earlier examined the audit reports of the State Ministry of Environment and the State Market Development Board, where it challenged the Board to take advantage of the new development around the major markets in the State to earn more revenue into government coffers.
The lawmakers therefore requested the Management of the Board, led by the Ag. General Manager, Mr. Samsideen Akinwunmi, to produce the breakdown of all revenues from all the markets in the State, stressing the need to block all revenue leakages and ensure improved revenue.
The House Committee on Public Accounts and Anti-Corruption also examined the financial records of the State Public Works Agency, where the Committee demanded some relevant documents relating to expenses under roads and bridges.”
