A study has been conducted on the status of water quality in two disused man made lakes, which have potential for cage aquaculture project. This study highlights the quality of water analyzed with reference to various physical-chemical parameters in two selected lakes and their suitability for fish farming. A number of parameters were measured including the amount of NH3-N, NO3-N, NO2-N and total phosphorus while in-situ measurement including DO, pH, temperature, conductivity, TDS and Secchi disk visibility. Beside the physical-chemical of water, the location, morphometry and climate conditions were also investigated. The chemical data analyzed for six months indicated that Lake A and Lake B are characterized by relatively high DO, slightly neutral pH and low TSS. The concentration of NH3-N and NO2-N was very low (0.058 mg/L and 0.04 mg/L, respectively) and total phosphorus was usually in low concentration and sometimes would seem negligible. Besides, NO3-N occurred in slightly higher concentration (1.75 mg/L). Results obtained indicated that the study site has high potentiality for development of inland fisheries practices.