The Lagos State House of Assembly yesterday confirmed Governor Akinwunmi Ambode’s nominee, Mr Oye Hassan Odukale, as the chairman of the Board of the State Security Trust Fund (LSSTF).
In his response during the confirmation, Odukale said he was surprised that he was nominated for the position.
The Managing Director of Leadway Assurance Plc said his motive was to raise money for the Fund through the private sector and that his company had contributed immensely to the Fund in the past.
According to him, the board of LSSTF has eight members, and the fund is meant to equip all security agencies such as the police, army and the Department of State Security Service (DSS).
“There must be due process with verifiable estimate. We will raise money for the fund through the private sector and the equipment must be properly managed and we will cross-check with the users.