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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2M SECURITY PERSONNEL CAN'T PROTECT OVER 200M NIGERIANS- COAS. (PHOTO).

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 2m security personnel can’t protect over 200m Nigerians — COAS


THE Chief of Army Staff, Gen. Taoreed Lagbaja, Tuesday, said it is unrealistic for two million security personnel to protect a population of over 200 million Nigerians.


Gen. Lagbaja made this remark during the 2024 distinguished personality lecture in Ilorin, Kwara State.


The COAS, who was represented by the Chief of Army Training, Sanni Mohammed highlighted the military’s heavy reliance on imported defence equipment due to the country’s weak industrial base.


The army chief also expressed concerns over the inadequate funding of the Armed Forces of Nigeria, AFN, which he said significantly affected the military’s operational performance.


He said: “In a country of over 200 million people, it is unrealistic to expect security agencies, totalling around two million, including an army of just over 100,000 active personnel without a reserve force, to secure the entire population.


“We import over 90 per cent of our military needs,” he said, noting that despite some local production efforts, the country’s dependence on foreign military supplies remains overwhelming.

“The pursuit of national development alongside national security is a costly endeavour, as defence policy is capital-intensive.

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