The Lagos State Security Trust Fund(LSSTF) has received N1.4 billon to tackle security issues in the State.The money was raised by private individuals and corporate organizations.
The funds were raised between January and November 18, 2019. The highest corporate donor was Zenith Bank Plc which donated N300million while Mr Femi Otedola donated N80million as some residents donated as low N2,000 and N1,000 each to make up the amount.
More so, the agency also got 98 pickup vans and 40 GAC saloon cars from different donors. Already some of the vehicles had been handed over to the Lagos State Commissioner of Police.
Speaking at the 13th Annual Lagos Trust Meeting ,Executive Secretary of LSTF,Dr Abdurrazaq Balogun, said the initiative has helped in no small measure to address the state’s peculiar security situation through the prompt provision of necessary professional and logistical support for the various security agencies in the state to operate seamlessly.
Balogun, said out of the N1.4bn raised, N842m had been spent on “intervention to security agencies and operating expenses.
“Being the commercial nerve centre of Nigeria and West Africa, Lagos has its peculiar security challenges, with its sheer human density driven by a rising population due and economic-driven migration, making the state naturally vulnerable to criminal activity.
”But the coming of the LSSTF really assisted in swiftly addressing some of the state’s most critical security concerns,” Balogun assured.