…..LSSTF Harps on Prudent, Accountability, Resourcefulness, and Trust.
The Lagos State Security Trust Fund, LSSTF has received the Executive Chairman and the management staff of the Kogi State Security Trust Fund, KSSTF, on a courtesy visit to learn firsthand from LSSTF, as it is the foremost and most successful Security Trust Fund in the country.
Executive Secretary of LSSTF, Dr. Abdurrazaq Balogun, expressed hope that the visit from the Kogi State Security Trust Fund would be beneficial and insightful towards a successful KSSTF.
During the training, Dr. Balogun emphasized that the Fund’s strongest feature remains its core values which are the acronym PART (Prudent, Accountability, Resourcefulness, and Trust).
He noted it also places major emphasis on maintenance, which is why its assets remain functional for upwards of 12 years.
While comparing the Law establishing the KSSTF with that of LSSTF, the LSSTF Boss highlighted a few sections of the Law which in his opinion may work contrary to the objectives of the KSSTF and other sections that LSSTF may benefit from KSSTF.
Dr. Balogun opined that it is worth noting that the LSSTF deliberately maintains a lean workforce to ensure that the majority of resources raised are directed towards providing support to security agencies.
”The success of the Fund can be attributed to the high caliber of individuals appointed by Mr. Governor as members of the Board of Trustees. These individuals are not only influential but accomplished in their various endeavors and view their role as an opportunity to give back to the State.
”They leverage their positions and industry connections to reach out to colleagues and partners for contributions to sustain the activities of LSSTF,” he added.
The LSSTF put together onsite training sessions on modalities for operating an effective Trust Fund and also arranged visitations to one of the beneficiaries of the Fund the Lagos State Neighborhood Safety Corps, LNSC and a tour of a world-class, indigenous security equipment manufacturing company, Equipment and Protective Applications International Limited, EPAIL.
In his response, the Executive Chairman of the Kogi State Security Trust Fund, Hon. Abdulraheem Ozovehe Ohiare thanked the Executive Secretary/CEO of LSSTF for the warm reception and Lagos hospitality.
Ozovehe Ohiare, who noted that the training session was very informative and an eye-opener to key areas of improvement for the KSSTF, expressed gratitude for the opportunity to visit a Nigerian indigenous security manufacturing company and the Lagos State Neighborhood Safety Agency (LNSA).
He noted that he will return to Kogi State with what they have been able to learn and seek ways to implement some of these ideas in the short, medium and long term.
There was a farewell ceremony to conclude the working visit by the KSSTF delegation, which included the presentation of a plaque to the Executive Chairman and his team members and certificates.
There were also photo sessions.
