Lagos State Governor, Mr Akinwunmi AmbodeFriday approved the appointment of Engineer Jacob Agosu as the Acting Chief Executive Officer (CEO) of the Lagos State Development and Property Corporation (LSDPC).

Governor Ambode also approved the immediate reorganization of the LSDPC to stem the tide of negative capital returns in the corporation, according to a statement signed by Chief Press Secretary to the Governor, Mr Habib Aruna.

“Consequently, Mr Taofeek Abiodun Oki, the Managing Director/ Chief Executive Officer and three Principal officers of Lagos State Development and Property Corporation (LSPDC) have been relieved of their appointment” he said.

Prior to his new appointment, Engineer Jacob Agosu was the Deputy General Manager (Joint Ventures) in the Corporation and a member of the Nigeria Society of Engineers and the Nigeria Institute of Structural Engineers.

He joined the services of the LSDPC in March 1984.