NDLEA auctions Lagos hotel, three other drug-linked properties for N6.1bn

The National Drug Law Enforcement Agency, NDLEA, has generated a full of N6,148,964,000 from the nationalist auction of a Lagos edifice and 3 different properties confiscated from convicted cause traffickers and permanently forfeited to the Federal Government done ineligible proceedings.

A connection signed by the Director of Media and Advocacy, NDLEA Headquarters, Abuja, Femi Babafemi, connected Monday said the proceeds emerged from a competitory bidding workout involving 8 forfeited assets linked to cause barons crossed antithetic parts of the country.

Four properties attracted palmy bids supra their reserve prices, portion bids for the remaining 4 assets fell abbreviated of the benchmark and were truthful unsuccessful.

Speaking during the opening of bids astatine the NDLEA office successful Abuja connected Monday, June 15, 2026, the Head of the Asset Recovery and Management Unit astatine the Federal Ministry of Justice, Tamarantare Francis Ali-Bozi, announced the palmy bidders.

He disclosed that Tope Ojo and Tunde Olonishakin Estate Firm secured a six-storey edifice located successful Victoria Island, Lagos, with a winning bid of N5.9 billion.

Other palmy bidders included FSS Limited, which acquired a spot successful Lekki Phase 1, Lagos, for N219.5 million; A-BNB Global Innovations Limited, which won a artifact of flats successful Ejig...