NDLEA INTERCEPTS N3.4BN LOUD, OPIOIDS, ARRESTS FAKE POLICE OFFICER, MECHANIC-DRUG DEALER. (PHOTO). #PRESS RELEASE

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 NDLEA intercepts N3.4bn Loud, opioids, arrests fake police officer, mechanic-drug dealer _- Recovers over 1.3 million pills of opioids, 6,000kg skunk; nabs two teenagers with AK-47 rifles, pistol and ammunition in sweeps across Lagos, Edo, Niger, Delta, Abuja, Gombe, Imo and Ondo_  Operatives of the National Drug Law Enforcement Agency (NDLEA) have intercepted over 1.3 million pills of tramadol and other opioids as well as 6,000 kilograms of potent strains of cannabis with a combined street value of more than N3,4 billion in a string of major operational breakthroughs across Lagos, Edo, Niger, Delta, Ondo, Gombe, Imo and FCT. Top on the line up of successful operations was the interception of 1,200 parcels of Canadian Loud, a synthetic strain of cannabis with a gross weight of 603.75 kilograms, valued at One Billion Eight Hundred and Eleven Million Two Hundred and Fifty Thousand Naira (N1,811,250,0 00), and the arrest of a trafficker who impersonates as a senior police office...
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GOV. SANWO-OLU REAFFIRMS COMMITMENT TO HOUSING FINANCE. (PHOTOS). #PRESS RELEASE.

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 GOVERNOR SANWO-OLU REAFFIRMS COMMITMENT TO HOUSING FINANCE


… Commends LBIC’s Resilience, Growth at 21st AGM


The Governor of Lagos State, Mr. Babajide Sanwo-Olu has reaffirmed the State Government's commitment to expanding access to affordable housing finance, describing housing as a critical economic driver for the state’s growth and stability.


This was the principal message in a keynote address delivered during the 21st Annual General Meeting (AGM) of the Lagos Building Investment Company (LBIC) Plc, held on May 5, 2026, at Ikeja, in Lagos. 


The Governor, who was represented by Hon. Moruf Akinderu-Fatai, the Lagos State Commissioner for Housing, lauded the Board, Management, and Shareholders for their stewardship and continued dedication to the Lagos Building Investment Corporation's founding purpose.


The Governor stated that “despite a challenging economic climate marked by shifting market realities, LBIC has shown resilience in its role in fostering an inclusive and irrepressible Lagos through mortgage financing. He emphasised that "Housing is not just a social need; it is an economic driver that creates jobs and supports small businesses across the value chain."


The administration highlighted that the public sector cannot tackle the housing challenge alone, calling for continued strong partnerships with credible institutions like LBIC to deepen access to sustainable housing finance.


Looking ahead, the Lagos State Government encouraged LBIC to leverage technology and innovative product offerings to reach underserved segments of the market. This aligns with the company's 2026 priorities, which include “strengthening digital capabilities and expanding retail lending”.


The Governor expressed confidence that the resolutions from the meeting would further position LBIC for greater impact and continued success in the years ahead.


LBIC is a leading primary mortgage bank in Nigeria, originally established to provide mortgage facilities for low-cost housing schemes in Lagos State. Today, it remains a pivotal institution in the state’s housing value chain, dedicated to democratising homeownership through innovative financial solutions.

More photos below. 






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