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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OGUN STATE GOVERNMENT IS SET TO COMMISSION THE 1ST PHASE OF MTR GARDEN CITY IN ISHERI,APRIL 2017.{PHOTOS}.

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                        Ogun State Government has affirmed its readiness to commission the first phase of the MTR Garden City in Isheri area of the State by April 2017.Managing Director of Ogun Property and Investment Corporation,OPIC,Mr. Jide Odusolu,confirmed this while speaking to journalists after the inspection tour of the project by the Ogun State Governor,Senator Ibikunle Amosun,on Monday.''The garden city has a total of six hundred,2 and 3 bedroom housing units but by April,2017,we'll be commissioning the first phase of the project which has One hundred and fifty units,'' the OPIC M.D revealed.
Mr Odusolu explained that the project,when completed,would help to address some of the housing challenges been faced by the people.He added that the housing units would be largely occupied by low and middle income earners.
In a related development,the Governor's inspection team also visited the New Makun City estate at Sagamu Interchange to monitor the progress of work on that project.

Signed

Adejuwon Soyinka
Senior Special Assistant {Media}
Ogun State Governor.
More photos below.

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