FG auctions forfeited properties for N6.15bn, says drug proceeds won’t be enjoyed

By Kingsley Omonobi
The Federal Government has auctioned four properties forfeited by convicted drug traffickers for a total of N6.15 billion, reaffirming its commitment to ensuring that proceeds of crime do not remain in the hands of criminals.
The assets, including a hotel in Lagos, were seized by the National Drug Law Enforcement Agency (NDLEA) and forfeited to the Federal Government through court orders.
Announcing the outcome on Monday, NDLEA’s Director of Media and Advocacy, Femi Babafemi, said the sale followed a competitive bidding process involving eight forfeited assets across different parts of the country.
According to him, four properties attracted successful bids abo...