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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GOV. OBASEKI PRESENTED A N153.4 BILLION BUDGET TO THE EDO STATE HOUSE OF ASSEMBLY.{PHOTOS}.#PRESS RELEASE.

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I have presented a N153.4 billion budget proposal to the Edo State House of Assembly, for the 2021 fiscal year, representing a 9.7% increase from the revised 2020 budget and comprising N94.8 billion for recurrent expenditure and N58.6 billion for capital expenditure.
The budget document, christened, ‘Making Edo Great Again (MEGA) Budget', is exclusively pinned on robustly responding to the dislocations caused by the coronavirus pandemic, whilst building a workforce of the future.
The proposed 2021 budget would address challenges in critical sectors of the economy, with increased targeted investments on the state’s most valued resource – its people.
With the collaboration of the Honourable house, we have designed a unique instrument through which the state government can also attract private sector funding targeted at key development projects.
Receiving the 2021 budget proposal, Speaker of the Assembly, Rt. Hon. Marcus Onobun, commended my prioritizing the welfare of Edo people and assured me that the document would receive their due consideration and passage.More photos below.




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