Would you like to receive notifications on latest updates of the following headlines?

NDLEA Conducts Public Auction of Properties Linked to Drug Trafficking

POSTED ON July 30, 2025 •   BUSINESS      BY Abiodun Saheed Omodara
NDLEA Chairman, Buba Marwa

The National Drug Law Enforcement Agency (NDLEA) held a public auction yesterday for houses that were forfeited due to being purchased with proceeds from drug trafficking or used in the commission of drug-related crimes. 

The event, which took place at the NDLEA National Headquarters in Abuja, attracted pre-qualified auctioneers, bidders, representatives from civil society organizations, media personnel, and other government agencies.

At the event, NDLEA's Chairman/Chief Executive, Brig-Gen Mohammed Marwa (rtd), emphasized that this auction is part of the agency's strategic efforts to disrupt drug trafficking operations by removing not only the freedom but also the illicit wealth of offenders, adhering to legal frameworks and due process.

Represented by NDLEA Secretary, Shadrack Haruna, he reasserted the commitment to pursue drug offenders through prosecution and by targeting assets gained from criminal activities.

He stated, “This auction reflects our dedication to transparency and justice. In addition to prosecuting offenders, we aim to eliminate the financial rewards that encourage these crimes through legal forfeiture.

This acts as both punishment and a deterrent. When drug traffickers realize they risk losing everything, including their ill-gotten gains, it conveys a more powerful message than imprisonment alone.”

The auction involved the forfeiture of eight properties located in Lagos, Kano, Ondo, and Ogun. Two houses in the Lekki and Ikorodu areas of Lagos were withdrawn from the auction due to appeals received after the process began.

Six properties were auctioned, with two selling for over N139 million, following bids that exceeded their reserve prices. The other properties either did not attract any bids or received offers lower than the benchmark.

During the auction, Umar Yakubu from the Centre for Transparency and Integrity Watch praised the NDLEA for conducting an open, credible process that aligns with international standards.

He commended the level of transparency observed, reflecting an institutional culture that prioritizes public accountability, and encouraged the agency to promote such initiatives as a means of educating the public about the consequences of drug-related offenses.

Director of Proceeds of Crime Management at NDLEA, Jerry Aernan, noted that auctioneers were pre-qualified by the Bureau of Public Procurement (BPP) and had undergone necessary integrity checks to prevent the return of disposed assets to their original owners covertly.

He highlighted that successful bidders are required to pay 10 percent of their bid value within 14 days to secure their interest, with full payment expected within a specified timeframe.

READ ALSO
33 African Startups Cease Operations in 30 Months Amid Shift to Sustainability
BY Abiodun Saheed Omodara July 30, 2025 0

In the last 30 months, from January 2023 to mid-2025, approximately 33 startups in Africa ceased ope...

READ ALSO
Nigerian Financial Institutions Urged to Adopt Real-Time Tools to Combat Rising Fraud
BY Abiodun Saheed Omodara July 30, 2025 0

Financial institutions in Nigeria and throughout Africa have been encouraged to implement real-time...

READ ALSO
NDLEA Conducts Public Auction of Properties Linked to Drug Trafficking
BY Abiodun Saheed Omodara July 30, 2025 0

The National Drug Law Enforcement Agency (NDLEA) held a public auction yesterday for houses that wer...

READ ALSO
FG Plans Re-Privatization of Power Discos Amidst Legislative Changes
BY Abiodun Saheed Omodara July 29, 2025 0

The Federal Government may proceed with the sale of 11 power distribution companies through a re-pri...

READ ALSO
Lagos, Ogun Set for 25-Day Power Outage: Maintenance Work Begins July 28
BY Abiodun Saheed Omodara July 28, 2025 0

Lagos State and some areas of Ogun will undergo a power outage lasting 25 days, beginning on July 28...

READ ALSO
FG Mandates GPS Coordinates for Capital Projects Over N150 Million in 2025
BY Abiodun Saheed Omodara July 25, 2025 0

The Federal Government has required that all Ministries, Departments, and Agencies provide the Globa...

READ ALSO
FG Urges Project Accountants to Prioritize Integrity in Fund Management
BY Abiodun Saheed Omodara July 25, 2025 0

The Federal Government has cautioned project accountants and financial officers to prioritize care a...

READ ALSO
Electricity Tariffs: Power Firms Push Back Against State Negotiations
BY Abiodun Saheed Omodara July 24, 2025 0

On Wednesday, energy commissioners from all 36 states announced their willingness to engage with pow...

OUR CHANNELS:

IGP Egbetokun Addresses Plight of Retired Police Officers
BY Abiodun Saheed Omodara July 30, 2025 0

The Inspector-General of Police, Kayode Egbetokun, stated on Tuesday that many retired police office...


Shettima Highlights Food Sovereignty in Tinubu's Emergency Declaration
BY Abiodun Saheed Omodara July 30, 2025 0

Vice President Kashim Shettima provided insights into the motivations behind President Bola Tinubu&r...


CAC Demands Annual Returns to Avoid Deregistration
BY Abiodun Saheed Omodara July 30, 2025 0

The Corporate Affairs Commission (CAC) has initiated a new round of removing companies that have not...


Oyo State Government Seizes Goods from Unregistered Veterinary Practices
BY Abiodun Saheed Omodara July 30, 2025 0

The Oyo State Government on Tuesday shut down 15 veterinary outlets and seized goods valued in milli...


Nigerians Must Go: Ghanaians Rally Against Alleged Mass Prostitution and Ritual Killings
BY Abiodun Saheed Omodara July 31, 2025 0

Some Ghanaians have expressed their discontent with Nigerians, accusing them of engaging in mass pro...


SGF Urged Northern Politicians to Postpone Presidential Aspirations Until 2031
BY Abiodun Saheed Omodara July 30, 2025 0

The Secretary to the Government of the Federation, Sen. George Akume, has urged politicians from the...


Ola Aina Reflects on Frustrating Tottenham Experience that Changed His Career Path
BY Abiodun Saheed Omodara July 29, 2025 0

A defender for the Super Eagles, Ola Aina, has shared that he nearly signed with Tottenham Hotspur w...


CAF Announces Record $10.4 Million Prize Pool for 2024 African Nations Championship
BY Abiodun Saheed Omodara July 30, 2025 0

The Confederation of African Football has revealed an unprecedented total prize pool of $10.4 millio...


Victor Osimhen Set to Join Galatasaray: €75 Million Transfer from Napoli Finalized
BY Abiodun Saheed Omodara July 30, 2025 0

Victor Osimhen is expected to arrive in Istanbul this week as Galatasaray prepares to introduce the...


Fayose Endorses Tinubu, Oyebanji for 2027 Elections
BY Abiodun Saheed Omodara July 29, 2025 0

Former Ekiti State Governor, Ayodele Fayose, has officially endorsed President Bola Tinubu and Gover...


More Articles

Load more...

Menu