Connect with us

Nigeria News (Standard)

Federal Government Auctions Forfeited Lagos Hotel, Three Other Properties for ₦6.1 Billion

NDLEA, Justice Ministry oversee public bidding in Abuja as top estate firms secure prime assets; four lots remain unsold

Published

on

NDLEA, Justice Ministry oversee public bidding in Abuja as top estate firms secure prime assets; four lots remain unsold

The federal government has auctioned a hotel in Victoria Island, Lagos, along with three other properties seized from convicted drug kingpins, raising a total of ₦6.15 billion through a competitive bidding exercise held on Monday at the NDLEA Headquarters in Abuja. The assets were forfeited to government following court proceedings instituted by the National Drug Law Enforcement Agency (NDLEA).

According to Tamarantare Ali-Bozi, Head of Asset Recovery and Management Unit at the Federal Ministry of Justice, Tope Ojo and Tunde Olonishakin estate firm emerged winner of the six-floor Victoria Island hotel with a bid of ₦5.9 billion, topping the reserved price. Other successful bidders include FSS Limited, which acquired a property in Lekki Phase 1 for ₦219.5 million; A-BNB Global Innovations Limited, which secured a block of flats in Ejigbo for ₦104 million; and Fazeen Global Link Limited, which won a property in Akure, Ondo State for ₦29.36 million.

The public auction involved eight assets across Nigeria that had been confiscated from individuals convicted of drug trafficking offences. While four properties were successfully sold after surpassing their reserved prices, bids on the remaining four did not meet the minimum threshold set by authorities and remain unsold.

The event was attended by officials from the NDLEA, representatives of the Independent Corrupt Practices and Other Related Offences Commission (ICPC), members of civil society groups and journalists. Ali-Bozi said the transparent process is part of ongoing government efforts to recover proceeds of crime and reinvest them into public coffers. “This exercise demonstrates our commitment to ensuring that assets derived from criminal activities are not left idle but put back into productive use for national development,” Ali-Bozi stated during the opening ceremony.

NDLEA officials noted that proceeds from these auctions will be remitted to the federal treasury and used to fund anti-drug enforcement initiatives and other government priorities. The unsold properties are expected to be listed for fresh bidding rounds in coming months as authorities seek to maximise returns on seized assets.

Source: https://guardian.ng/news/nigeria/metro/forfeited-lagos-hotel-other-property-auctioned-for-n6-1b/

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Nigeria News (Standard)

NSCIA Expands National Executive Council to Strengthen Muslim Representation Nationwide

Islamic council increases leadership body size, aims for broader inclusion of stakeholders across Nigeria’s six geopolitical zones

Published

on

Islamic council increases leadership body size, aims for broader inclusion of stakeholders across Nigeria’s six geopolitical zones

The Nigerian Supreme Council for Islamic Affairs (NSCIA) has announced the expansion of its National Executive Council, a move aimed at deepening representation and strengthening the council’s capacity to address Muslim affairs across Nigeria. The development was made public on Monday, 5 October 2026, following a meeting of top council officials in Abuja.

According to the statement released after the meeting, the NSCIA leadership resolved to increase the number of seats on its executive body. The council said this adjustment will allow for greater input from Muslim leaders and scholars from all six geopolitical zones, reflecting the diverse interests and challenges faced by Nigeria’s Muslim community.

The decision comes at a time when many stakeholders in the Islamic community have called for more inclusive governance structures within faith-based organisations. The council noted that as Nigeria’s Muslim population continues to grow and diversify, it is critical that leadership bodies remain responsive to changing realities. The expanded executive is expected to facilitate improved consultation and coordination on religious matters affecting education, social welfare, and interfaith relations.

In its official statement, the NSCIA emphasised that “the expansion will enhance collaboration among stakeholders and ensure that voices from every region are properly represented.” While no specific figures were disclosed regarding the number of new seats or names of new appointees, the council assured members that transparency and merit would guide all selections. Attempts to reach opposition or dissenting voices within the council were unsuccessful as at press time.

The NSCIA said it will release a full list of new executive council members following its next general assembly. Observers say this move could influence policy directions within Nigeria’s wider religious landscape over the coming months.

Source: https://www.premiumtimesng.com/news/more-news/914524-nscia-expands-its-national-executive-council.html

Continue Reading

Nigeria News (Standard)

Lagos Tenant Discovers Landlord’s Father Buried Beneath Living Room After Over a Year

Landlord’s family exhumes remains in Surulere flat, pledges to repair sitting room after tenant expresses shock

Published

on

Landlord’s family exhumes remains in Surulere flat, pledges to repair sitting room after tenant expresses shock

A Lagos tenant, identified as Mr Bachelor, has revealed he lived for more than a year in a Surulere apartment without knowing his landlord’s late father was buried beneath the living room floor. The discovery was made on September 20, 2026, when members of the landlord’s family visited the property and informed the tenant of their intention to exhume the remains.

According to Mr Bachelor, who shared details of the incident on X (formerly Twitter), he was in his apartment when the landlord’s relatives arrived and disclosed that their late brother—who is also the landlord’s father—had been buried in the middle of his sitting room. “He was buried right in my living room, and I was not aware until they came around today,” he stated.

The family explained that they planned to move the body to another location they had prepared and assured Mr Bachelor that necessary repairs would be made to his sitting room after the exhumation. The tenant noted that he was the first occupant of the newly built house and had spent over a year there before learning about the burial.

The incident has raised fresh concerns among Lagos residents about transparency from landlords regarding property histories. Some social media users responding to Mr Bachelor’s post urged prospective tenants across Nigeria to conduct due diligence before moving into rental properties. Others called for clearer regulations around residential burials and disclosure by property owners.

As at press time, neither local authorities nor tenants’ rights groups have issued official statements on the matter. The landlord’s family has not provided additional comments beyond assurances of repairs. The situation highlights ongoing gaps in property regulation and tenant protection in Lagos State.

Source: https://www.pulse.ng/story/man-discovers-corpse-buried-under-living-room-2026100506463406930

Continue Reading

Nigeria News (Standard)

INEC to Address Nigerians Nationwide as 2027 Election Countdown Reaches 100 Days

Electoral commission prepares public statement amid growing anticipation for next general polls across all states

Published

on

Electoral commission prepares public statement amid growing anticipation for next general polls across all states

The Independent National Electoral Commission (INEC) has announced plans to address Nigerians nationwide as the countdown to the 2027 general elections hits the 100-day mark. The development, expected to take place across all states, comes as political parties and voters begin preparations for one of the country’s most significant democratic exercises.

According to information from INEC headquarters in Abuja, the commission will issue a formal statement to outline its readiness and call on citizens to participate actively in the electoral process. This move is seen as part of efforts to assure stakeholders of INEC’s commitment to credible and transparent polls, following widespread debates over electoral integrity in recent cycles.

The announcement is particularly significant given Nigeria’s recent history of tightly contested elections, with issues such as voter turnout, technological deployment, and security logistics taking centre stage. Many Nigerians, especially young voters, have expressed concerns about the credibility of past elections and are watching closely for signals of improvement in 2027.

While details of INEC’s planned address remain under wraps, observers expect the commission’s leadership to emphasise the importance of voter registration, collection of Permanent Voter Cards (PVCs), and adherence to election guidelines. Political analysts note that early communication from INEC could help build public confidence and encourage broader participation ahead of the polls.

With just over three months before Nigerians return to the ballot box, all eyes are on INEC’s next steps. The commission is likely to face scrutiny from both ruling and opposition parties over its preparations. As at Monday, October 5th, no official response has been issued by major political parties regarding INEC’s planned address.

Source: https://www.premiumtimesng.com/news/top-news/914520-2027-inec-to-address-nigerians-as-election-countdown-hits-100-days.html

Continue Reading