LAGOS HOTEL, 3 OTHER PROPERTIES FORFEITED BY DRUG KINGPINS AUCTIONED AT N6.1BILLION.(PHOTOS). #PRESS RELEASE.

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 Lagos hotel, 3 other properties forfeited by drug kingpins auctioned at N6.1billion *- It’s a clear message that cartels won’t be allowed to enjoy proceeds of their criminal trade, says Marwa*  A Lagos hotel and three other properties seized from drug kingpins by the National Drug Law Enforcement Agency (NDLEA) and forfeited to the Federal Government through court processes have been auctioned for the sum of Six Billion One Hundred and Forty- Eight Million Nine Hundred and Sixty-Four Thousand Naira (N6,148,964,000.00) only. This was the outcome of a competitive bid process for the sale of eight assets forfeited by drug barons in parts of the country. While bidders who offered above reserved prices emerged winners of four of the listed properties, bids for four others failed because none offered up to the reserved prices. Announcing the winning bids at the bid opening ceremony attended by representatives of ICPC, Civil Society Organisations, auctioneers and bidders at the NDLE...
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BALOGUN MARKET,SHUT DOWN FOR A DEAD CHIEF.

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•Oba Akiolu: white cap chief dies                                                               A deposed white cap chief in the area of Lagos island,died early saturday morning.All the shops in the market were ordered to close in honour of the deceased and the entire market was shut down.It was learnt that the deceased named Balogun Okolo has been sick for sometime now before he finally gave up the ghost early saturday morning.He died of Diabetes,an ailment that rendered him immobile for few weeks.It was further learnt that the late Balogun Okolo used to be a white cap chief at Iga Idunganran palace.A bitter disagreement with the Eleko of Eko,Oba Rilwan Akiolu,led to his being disposed.His deposition also led to his name being removed from the traditional chiefs list of the local government.His salary and other emolument were also canceled.

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