The Lagos State government has lamented that many of its parastatals had their assets stolen during the #EndSARS protest in October 2020.
Afolabi Ayantayo, the Special Adviser to the Governor on Parastatal Monitoring Unit, said this during the ministerial press briefing to mark the second year in office of Governor Babajide Sanwo-Olu in Lagos on Tuesday.
According to Ayantayo, Lagos nearly suffered an economic standstill due to the actions, noting that 20 parastatals were affected.
He said: “Following the unfortunate EndSARS protest and the attendant heavy destruction of public and private properties, the state suffered a heavy damage to critical public property and this nearly brought the state to a standstill economically. The parastatals were not spared; their assets were either stolen or destroyed.
“To determine the level of the damage of the parastatals, the office carried out on-the-spot assessment of destroyed and stolen assets of the state’s parastatals. The report of the assessment has been forwarded to Mr Governor. About 20 parastatals were affected in varying degrees.”
Ayantayo disclosed that the Rebuild Lagos Trust Fund had yet to present the estimate of the worth of assets and properties destroyed.
He also stated that the state government had started the review of laws governing parastatals.
“A total number of 54 of such enabling laws have been forwarded to the Law Reform Commission for review. When the exercise is completed, affected agencies would have better enabling laws that would enhance their operations,” he said.