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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LASG PAYS HOUSING SUBSCRIBERS 23.2M REFUND FOR EGAN-IGANDO HOUSING SCHEME. (PHOTOS). #PRESS RELEASE.

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 LASG PAYS HOUSING SUBSCRIBERS 23.2M REFUND FOR EGAN-IGANDO HOUSING SCHEME


The Lagos State Government on Tuesday paid over #23 million as a refund to verified subscribers of the Egan Igando Mixed Housing scheme. 


This follows the transfer of the housing scheme to the Ministry of Housing and the challenge of unexpected delay in the timeline of the project delivery. Some of the subscribers who had previously made part payments chose to withdraw and opted for a refund.


During the meeting held with verified subscribers at the Ministry after due screening and authentication of claims, the verified subscribers were presented with refund cheques, reaffirming the State Government’s commitment to financial integrity and due process.


The Permanent Secretary of the Ministry, Engr. Abdulhafis Gbolahan Toriola emphasised that subscribers who completed their payments after the transfer have been duly allocated their respective housing units, underscoring the Government’s resolve to ensure that no citizen is unfairly disadvantaged.


He further expressed profound appreciation to subscribers for their patience, understanding, and cooperation throughout the transition period, describing their conduct as a testament to the enduring partnership between the government and the people of Lagos State.


To guarantee transparency and credibility in the refund process, a comprehensive verification exercise was conducted. The Director of Accounts, Mrs. Yesirat Adewale, confirmed the authenticity and validity of all relevant documentation before the issuance of cheques, ensuring that every refund was processed in strict compliance with established financial regulations.

More photos below. 









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