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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WE SPENT N744. 5M ON LITIGATION, RECEIVED N595.9M FROM NIGERIANS- OBI-DATTI CAMPAIGN GIVES ACCOUNT. (PHOTO)

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 We spent N744.5m on litigation, received N595.9m from Nigerians – Obi-Datti Campaign gives account

The Obi/Baba-Ahmed Presidential Campaign Organisation has disclosed that it spent over N744,500,000.00 (seven hundred and forty-four million, five hundred thousand) in litigation in courts over the 2023 presidential election.


The organisation also said that it received donations totalling N595,976,994.00 from Nigerians.


This was made known on Thursday by Aisha Yesufu, the Chairman of the Fundraising Team of the Campaign Organisation during a fundraising report presentation.


She said, ”Accountability and transparency are very critical and important; that is why we asked people to donate so that we could come back to them to explain how their money was judiciously used.


”We thank everyone who donated in cash and kindness.


”From the donations from citizens, we received N595,976,994. This is the money we raised from the four accounts that we have talked about.


”We also received N8,000,00.00 from the candidate himself (Peter Obi).


“We designed a strategic blueprint focused on channelling the movement energy and support for Peter Obi and Datti Ahmed with different support groups. We provided direct and indirect support to over a hundred support groups across all 36 states in Nigeria. We also deployed media-related campaigns that reached over 11 million people, leveraging over 40 radio stations, community outreach, and social media.


“We would have loved to use Televisions and all of that, but because of our financial constraints, we were mindful of being judicious in our usage of the funds that we received.


”So, out of these things, campaign materials worth N258,374,330.00 were procured and distributed across the 36 States and also in Abuja. Media and radio broadcasting was at the cost of N16,432,867.00.


”For the election promotion expenses, we had N10,808,948.00.


”For Polling Unit Agents, we spent N324,381,700.00. And then, of course, we had bank charges of N1,750,544.00. We also had administrative charges of N477,000.00.


”We deployed N744,500,000.00 to cover legal expenses. And then, in campaign and election activities, we had over N28,500,000.00.


“On the issue of legal fees, remember what I said earlier: We had N800,000,000.00 that the candidate himself brought.”

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