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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EFCC ARRAIGNS ONDO STATE SPEAKER, TWO OTHERS FOR FRAUD.(PHOTOS).#PRESS RELEASE.

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EFCC Arraigns Ondo State Speaker, Two Others for Fraud

The Economic and Financial Crimes Commission, EFCC on Tuesday, April 25, 2023, arraigned the Speaker of Ondo State House of Assembly,   Oleyelogun David Bamidele and two others before Justice Adegboyega Adebusoye of the Ondo State High Court for fraud. The two others are Felemu Olusegun Gudubankole, Chairman, House Committee on Tertiary Institutions and Oyadeji Oludeji, Secretary to the House Committee on Tertiary Institutions.

They were arraigned by the Benin Zonal Command of the EFCC on a two count charge bordering on conspiracy and using their office to confer corrupt or unfair advantage on themselves.

Oleyelogun, Gudubankole and Kayode are alleged to have conspired amongst themselves to engage in corrupt practices by receiving and retaining the sum of N2,440,000.00 which was meant for a seminar which they never attended.

They pleaded not guilty to the charge when it was read to them, prompting the prosecution counsel , K.U.Udus to ask the court for a trial date and remand the defendants.  However, counsel to the defendants, F.E. Emodamore urged the court to discountenance EFCC's prayer and allow the defendants to continue on their administrative bail, claiming that one of the defendants had health challenge that requires medical attention.

Justice Adebusoye ruled that the defendants should continue on their administrative bail and  adjourned the matter till May 18, 2023 for trial.

More photos below. 


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