Lagos State Security Trust Fund Seeks Partnership With Private Security Firms

The Lagos State Security Trust Fund has asked private security companies and corporate organisations to partner the government in securing lives and property in the state.

The Executive Secretary of the LSSTF, Dr Abdurrazaq Balogun, noted that there was no alternative to the present public private partnership for the funding of security in the state.

He appreciated the contributions of the private sector to the fund, but pointed out that the state government remained the highest donor.

A statement on Wednesday said Balogun spoke at a stakeholders’ meeting, tagged, ‘Developing an Effective Public Private Partnership towards the Improvement of Security in the State.’

He said, “It is critical for private professionals in the security space to collaborate with the state government and the LSSTF to ensure improved security services in the state. There is also the need for the database of duly licensed private security companies operating in the state, including details of their guards.”

Participants at the meeting emphasised the need for intelligence gathering by private security operatives for implementation by the law enforcement agencies in line with community policing strategy and intelligence-led policing.

Chairmen of Association of Licensed Private Security Practitioners of Nigeria and American Society for Industrial Security, as well as the Head of Committee of Banks, CSOs and other financial institutions, commended the activities of the LSSTF and pledged their support towards building a formidable security architecture for the state.

Culled from: Punch Newspaper