Wetlands are carriers of metals and organic pollutants from natural and anthropogenic sources. Studies have shown that sediments are sinks for these pollutants as they carry more than 99% of the total amount of metals which are released as soluble metals into the Lagoon. The University of Lagos, located at Akoka North eastern part of Yaba in Lagos Mainland runs along a highly industrialized and residential area. This paper reports the total metal concentrations in wetland and sediment and their seasonal variations. Wetland and sediment samples were collected for two seasons in 8 sampling sites. Results showed wetland data having lower concentrations of metals as compared to sediments. Wet season had higher concentrations of metals as compared to other season. Total concentrations in wetlands were Cd (1.0-6.0), Cu (1.0-11.0), Cr (0.3-82.7), Zn (2.7-65.0) and Pb (0.3-16.0) all in μg L-1 respectively. Statistical analysis showed that there was a significant difference between the wet and dry seasons for sediments. Cd was the only metal at acceptable levels while Cr, Cu, Pb and Zn concentrations all exceeded levels deemed acceptable by the SABS and the EPA. Therefore, the wetland is in poor health.