The biggest sale was a six-floor hotel in Victoria Island, Lagos. It went for ₦5.9 billion to Tope Ojo and Tunde Olonishakin Estate Firm. This one deal made up most of the money raised.
Other properties sold include:
• A house in Lekki Phase 1, Lagos – ₦219.5 million
• A block of flats in Ejigbo, Lagos – ₦104 million
• A property in Akure, Ondo State – ₦29.36 million
The NDLEA held the public auction at its headquarters in Abuja and Eight properties were up for sale, but only four met or passed their reserve prices. The rest did not sell. Officials from the Federal Ministry of Justice oversaw the process to make sure everything was open and fair.
NDLEA spokespeople said the auction shows that crime does not pay. The money from these sales goes to the government, and the agency wants drug dealers to know that they will lose what they gained from illegal activities.
Other properties sold include:
• A house in Lekki Phase 1, Lagos – ₦219.5 million
• A block of flats in Ejigbo, Lagos – ₦104 million
• A property in Akure, Ondo State – ₦29.36 million
The NDLEA held the public auction at its headquarters in Abuja and Eight properties were up for sale, but only four met or passed their reserve prices. The rest did not sell. Officials from the Federal Ministry of Justice oversaw the process to make sure everything was open and fair.
NDLEA spokespeople said the auction shows that crime does not pay. The money from these sales goes to the government, and the agency wants drug dealers to know that they will lose what they gained from illegal activities.
Na w o
ReplyDelete“The money goes to the government” L.O.L
ReplyDeleteThe roads, hospitals, schools, police, even the NDLEA staff need to be financed somehow. They can't keep waiting for people who refused to produce and predatory importers who can't even employ you to bake biscuits won't finance the state.
DeleteNa dem dem go still buy am😁
ReplyDeleteC a new format to raise campaign money. Master strategic indeed, when will you begin to auction yours? As na u be major share holder of drug trafficking in Nigeria? 🙄
ReplyDeleteThat's alit of money
ReplyDeleteWho and who bought the autioned houses ?
ReplyDeleteWow 😳6 billion
ReplyDelete