Fatai noted that the probe by the Joint Committee on Public Account (Local) and Committee on Local Government Administration and Community Affairs had begun oversight functions to ensure acceptability.
“The exercise was to evaluate the 20 Local Government Councils, LGs and 37 LCDAs in the state.
”This is the first phase and it is to run till Thursday, with Kosofe LG, Agboyi-Ketu LCDA, Ikosi-Isheri LCDA, Yaba LG, Lekki LG, Ibeju-Lekki LCDA, Imota LCDA, Epe LG, Isolo LG, Lagos-Island LCDA, Itire-Ikate LCDA amongst others.
Fatai said the exercise was aimed at making sure the funds from Joint Accounts Allocation Committee (JAAC) allocated to Local Governments and Local Council Development Areas were expended judiciously.
”This is as it is contained in the relevant year budget approval and for the purpose of development in the state,” he said.
Fatai said that the reports of its findings from the Joint Committee after the exercise would be presented at the plenary of the House for debate and for further scrutiny.
The News Agency of Nigeria (NAN) reports that members present at the exercise included Mr Olawale AbdulSobur, Chairman Committee on Local Govt. Administration and Community Affairs.
Others were Mr Rotimi Olowo, Mr Hakeem Sokunle, Mr Saka Solaja, Mr Rauf Age-Sulaiman, Mr Kehinde Joseph, Mr Victor Akande, Mrs Mosunmola Sangodara and Mr Fatai Oluwa.