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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MINISTERS NOT ALLOWED TO GO WITH OFFICIAL VEHICLES - PRESIDENCY.(PHOTO).

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MINISTERS NOT ALLOWED TO GO WITH OFFICIAL VEHICLES - PRESIDENCY



The Presidency has said Ministers in the outgoing Buhari administration will not be allowed to leave office with their official vehicles.


It said they would only get what the Revenue Mobilisation Allocation and Fiscal Commission prescribes as their severance benefits.


The Senior Special Assistant to the President on Media and Publicity, Mallam Garba Shehu, gave the clarification in an interview with Saturday Punch.


It was noted that Buhari and the Vice-President, Prof Yemi Osinbajo (SAN), would also leave behind their armoured, luxury vehicles, which would be taken over by their successors, Tinubu and his deputy, Kashim Shettima, respectively.


“As we speak today, nobody is entitled to official cars. What they use are project vehicles. These ones can only be boarded and sold after four years of usage. That is when the book value has been exhausted", Shehu said.


“This is as far as the law recommends as we speak. So, don’t expect that because ministers are leaving, they will carry their vehicles under Buhari. It is not going to happen. If the ministers are not taking their vehicles along, you don’t expect the president to take any. It is not going to happen.”

 

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