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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SENATE PROBES CAMEROON'S ALLEGED ANNEXATION OF NIGERIAN MANGROVE ISLANDS. (PHOTO).

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 Senate probes Cameroon’s alleged annexation of Nigerian Mangrove Islands


The Senate has set up an ad-hoc committee to investigate the alleged annexation of the country’s mangrove islands and maritime territories by the Republic of Cameroon. The committee is expected to report back with necessary recommendations in the next two months.


As part of its resolutions, the Senate has urged President Bola Tinubu to take immediate steps to safeguard Nigeria’s territorial waters, including securing over 2,560 oil wells identified within the disputed mangrove islands in Akwa Ibom State.


The Senate leadership has also committed to engaging directly with President Tinubu to explore diplomatic solutions to the crisis. Lawmakers during plenary on Tuesday, underpinned the need for urgent action to prevent further escalation of what they described as a “provocation by the Republic of Cameroon”.


Leading the motion under Orders 41 and 51, Senator Aniekan Bassey had raised an alarm over the economic and territorial implications of Cameroon’s encroachment into Nigerian territory.


Senator Bassey said that the affected mangrove islands, located in Efiat, Mbo Local Government Area of Akwa Ibom State, were not part of the territories ceded to Cameroon under the 1913 Anglo-German treaties or the International Court of Justice (ICJ) ruling of October 2002.

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