Speaking on the matter in the Lawmaking chamber Friday, Bagbin said the spectacle was evidence that the various Committees of the House have failed.
It is believed that at least 150 people died during an explosion at a GOIL filling station at the Nkrumah Circle during a heavy downpour that flooded the entire capital.
The police and military have cordoned off the disaster zone while investigation into the tragedy proceeds.
The Fire Service said its preliminary investigations reveal that loose valves at the GOIL station sparked the fire.
Meanwhile, government has announced a GHc50 million relief package for the victims.
A three-day national mourning for the departed souls will begin on Monday.