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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UN SECURITY COUNCIL APPROVES NEW SOMALIA MISSION. (PHOTO).

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 UN Security Council approves new Somalia mission


The United Nations Security Council authorized an African Union stabilisation and support mission in Somalia - known as AUSSOM - on Friday that will replace a larger AU anti-terrorism operation from January 1, 2025, Reuters reported.


Somalia's security has been underwritten by foreign resources since Ethiopia invaded in 2006, toppling an militant-led administration but galvanising an insurgency that has since killed tens of thousands of people.


The European Union and United States, the top funders of AU forces in Somalia, wanted to reduce the number of AU peacekeepers due to concerns about long-term financing and sustainability, sources told Reuters in June.


Negotiations about the new force had proven complicated, they said.


The United States abstained from the UN Security Council vote on Friday over its funding concerns. The remaining 14 council members voted for the resolution.

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