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...

EFCC, JTF ARREST 215 SUSPECTED CURRENCY RACKETEERS IN ENUGU. (PHOTOS). #PRESS RELEASE.


 EFCC, JTF Arrest 115 Suspected Currency Racketeers in Enugu


  …. Recover N110m, $8,368


Operatives of the Enugu Zonal Command of the Economic and Financial Crimes Commission, in conjunction with a Joint Task Force comprising  five teams from the Nigeria Police Force and three teams from the Nigeria Customs Service on Wednesday, February 21, 2024 arrested 115 (One hundred and fifteen) suspected currency racketeers in Enugu State.

 

The suspects comprising 113 (One hundred and thirteen) males and two  females were arrested  in a sting operation at Owerri Road, Ogui, Enugu State, following credible intelligence about some  bureau de change operators, currency speculators and street hawkers operating illegal foreign exchange markets in that environment.

 

Items recovered from them include:  N110, 700,000.00 (One Hundred and Ten Million, Seven Hundred Thousand  Naira) only,  $8,368.00 (Eight Thousand, Three Hundred and Sixty Eight United States Dollars), £145.00 (One Hundred and Forty Five Pounds),  €2,725 (Two Thousand, Seven Hundred Twenty Five Euros),  900 South African Rands, 32,000.00 CFA, 100 Turkiya, and 500 Bank Mozambique currencies in different denominations. A safe abandoned by one of the street hawkers was also recovered.


Preliminary investigation showed that some of the suspects are foreigners

from Niger Republic.  


They would soon be charged to court.


More photos below. 



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