The National Drug Law Enforcement Agency (NDLEA) on Monday announced that it has generated N6.15 billion from the auction of four properties seized from convicted drug traffickers and forfeited to the Federal Government.
Among the assets sold was a six-floor hotel in Victoria Island, Lagos, which went for N5.9 billion to Tope Ojo and Tunde Olonishakin Estate Firm. The auction, conducted through competitive bidding at the agency’s headquarters in Abuja, also saw FSS Limited acquire a property in Lekki Phase 1 for N219.5 million, while A-BNB Global Innovations Limited secured a block of flats in Ejigbo for N104 million. Fazeen Global Link Limited won a property in Akure, Ondo State, with a bid of N29.36 million.
Head of the Asset Recovery and Management Unit at the Federal Ministry of Justice, Tamarantare Ali-Bozi, disclosed that four of the eight listed assets attracted bids above their reserved prices, while the remaining four failed to
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