NDLEA sells Lagos hotel and other assets for N6.15bn
The NDLEA said the assets, located in Lagos and Ondo states, were among eight properties forfeited to the federal government following court orders. The post NDLEA auctions forfeited Lagos hotel, other properties for N6.15 billion appeared first on Premium Times Nigeria .
The NDLEA conducted an auction of several properties in Lagos and Ondo states, which were seized by the government. The assets were part of eight properties that were forfeited after legal proceedings. The auction generated a total of N6.15 billion. The properties included a hotel and other real estate holdings. The sale was carried out in accordance with court rulings. The NDLEA confirmed the details of the auction. The proceeds from the sale will be managed by the federal government. This move highlights the government's efforts to recover illicit assets.
The auction demonstrates the government's commitment to recovering assets linked to illegal activities.
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