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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NATIONAL SECURITY: IGP CANVASES FOR REMOVAL OF THE NIGERIA POLICE FROM THE ENVELOPE BUDGETARY REGIME,MORE BUDGETARY ALLOCATION FOR EFFICIENCY. (PHOTOS). #PRESS RELEASE.

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 PRESS RELEASE


NATIONAL SECURITY: IGP CANVASES FOR REMOVAL OF THE NIGERIA POLICE FROM THE ENVELOPE BUDGETARY REGIME, 


MORE BUDGETARY ALLOCATION FOR EFFICIENCY


The Inspector-General of Police, IGP Kayode Adeolu Egbetokun, Ph.D., NPM, today, January 16, 2025, defended the 2025 budget for the Nigeria Police Force (NPF) before the Joint Committees on Police Affairs and Police Institutions at the National Assembly Complex, Abuja. The IGP was accompanied by the Force Management Team and other senior officers. Present at the budget presentation were Senator Abdulhamid Mallam Maidori (Chairman, Senate Committee on Police Affairs), Honourable Makki Yalleman (Chairman, House Committee on Police Affairs), Senator (Dr.) Ibrahim Gaidam (Minister of Police Affairs) DIG Hashimu Argungu Rtd. (Chairman Police Service Commission) and other distinguished and honourable members of the committees. 


In his presentation, the IGP emphasized the need to remove the NPF from the envelope budgetary regime to allow for accurate funding projections. This adjustment, he explained, would enable greater flexibility and ensure the availability of funds to manage the Force more effectively. He also highlighted the need for the approval and creation of a Special Operations Account dedicated solely to national security emergencies, as well as an increase in allocations for Overhead and Capital Expenditure.


The IGP further proposed allocating funds for the construction of five new zonal headquarters, along with supporting tactical units critical to internal security. He also called for the approval of dedicated budget lines for police training institutions to enhance capacity building. Additionally, the IGP stressed that the prompt and full release of appropriated funds in 2025 would be essential for the smooth functioning of the entire Force.


The Inspector-General of Police expressed his gratitude to the Joint Committees for their engagement during this critical budgetary session. He reiterated the Force’s commitment to working collaboratively with the committees to reposition the NPF, aligning it with the shared vision of a secure and stable nation.


ACP OLUMUYIWA ADEJOBI, mnipr, mipra, fCAI

FORCE PUBLIC RELATIONS OFFICER

FORCE HEADQUARTERS,

ABUJA.

16th January 2025.

More photos below. 





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