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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MADAGASCAR COUP LEADER NAMES BUSINESSMAN AS NEW PRIME MINISTER. (PHOTO).

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 Madagascar coup leader names businessman as new prime minister


Madagascar's coup leader Colonel Michael Randrianirina, who seized power this month, named businessman and consultant Herintsalama Rajaonarivelo as the island nation's new prime minister on Monday, Reuters reported.


Randrianirina was sworn in as president on Friday, days after taking control in the wake of youth-led protests that forced out his predecessor.


Explaining his choice of Rajaonarivelo as prime minister, the president cited his experience and "connections with the international organizations that work with us".


Ex-leader Andry Rajoelina, whom lawmakers impeached after he fled abroad last weekend, has condemned the army takeover and refused to step down while in exile, despite defections in the security forces and the High Constitutional Court ratifying the takeover within hours of it happening.

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