Thursday, February 26, 2026
  • About Us
  • Letter to the Editor
  • Data Usage Policy
  • Contact Us
MetroNews NG
  • Metro
  • Lagos
    • Opinion
    • Interview
    • Weird
  • World
  • Business
  • Sports
  • Nollywood
  • Odawood
  • Lifestyle
    • Careers
    • Education
    • Health
  • MetronewsNG TV
No Result
View All Result
MetroNews NG
No Result
View All Result

NDLEA Drug Proceeds Property Auction Nets N139m in Transparent Sale

metronews by metronews
July 30, 2025
in Economy
0
NDLEA Drug Proceeds Property Auction

NDLEA Drug Proceeds Property Auction sees six forfeited houses sold in transparent process, earning N139m and reinforcing Nigeria’s anti-narcotics enforcement

NDLEA Drug Proceeds Property Auction has yielded over N139 million, following a public auction of six forfeited properties linked to drug trafficking.

Also read: NDLEA Intensifies Drug Crackdown with Major Busts Across Nigeria

The event took place at the NDLEA National Headquarters in Abuja on July 29, 2025.

The auction, conducted with full transparency, is part of the agency’s strategy to strip drug traffickers of illicit wealth while reinforcing the deterrent effect of asset forfeiture.

Two properties in Lagos were stepped down due to pending appeals, while six others across Lagos, Kano, Ondo, and Ogun went under the hammer.

NDLEA Chairman, Brig. Gen. Mohamed Buba Marwa (Rtd), represented by Agency Secretary Shadrack Haruna, noted that the agency is not only focused on prosecution but also on depriving offenders of their financial incentives.

“This auction is part of our broader commitment to justice,” Haruna said. “When traffickers know they’ll lose everything, including property, the deterrent is stronger.”

The NDLEA Drug Proceeds Property Auction was praised by civil society. Umar Yakubu of the Centre for Transparency and Integrity Watch commended its fairness and international best practices.

Jerry Iorwa Aernan, NDLEA’s Director of Proceeds of Crime Management, confirmed auctioneers were vetted by the Bureau of Public Procurement (BPP).

Also read: NDLEA Edo Drug Arrests: 37 Suspects Nabbed, over 345kg Narcotics Seized

Buyers must pay 10% within 14 days, with full payment due within a specified timeline. The auction sends a powerful message to drug criminals: no asset is safe from justice.

Tags: Asset ForfeitureDrug TraffickingFeaturedNDLEANigeria Anti-NarcoticsProperty Auction
Previous Post

Peter Obi Slams False PDP Defection Rumor as Devious

Next Post

Burna Boy Performs at England Women’s Euro Parade at Palace

Related Posts

OPINION: Who Is Afraid of Zacch Adedeji ? By Seun Oloketuyi
Business

OPINION: Who Is Afraid of Zacch Adedeji ? By Seun Oloketuyi

December 9, 2025
Senators Gbenga Daniel,Tokunbo Abiru Raise Alarm Over Lead Poisoning In Lagos,Ogun States
#SmartLagos

Senators Gbenga Daniel,Tokunbo Abiru Raise Alarm Over Lead Poisoning In Lagos,Ogun States

December 5, 2025
SANWO-OLU LAUNCHES €410M EU-FUNDED OMI-EKO PROJECT TO BOOST WATER TRANSPORT
#SmartLagos

SANWO-OLU LAUNCHES €410M EU-FUNDED OMI-EKO PROJECT TO BOOST WATER TRANSPORT

October 20, 2025
Next Post
Burna Boy Performs at England Women’s Euro Parade

Burna Boy Performs at England Women’s Euro Parade at Palace

Leave a Reply Cancel reply

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

BROWSE BY CATEGORIES

  • #SmartLagos
  • Accident
  • Aviation
  • Award
  • Banking
  • Basketball
  • Beauty
  • Boxing
  • Brands
  • Breaking
  • Business
  • Careers
  • Community development
  • Crime
  • Culture
  • Default
  • Domestic violence
  • Economy
  • Education
  • Empowerment
  • Entertainment
  • Environment
  • Event
  • Fashion
  • Featured
  • Finance
  • Football
  • Gaming
  • Gist
  • Golf
  • Health
  • Inspirational Patience
  • Interview
  • Investigative
  • Law
  • Lifestyle
  • local
  • MetroMan
  • MetroPerson
  • metroplus
  • MetroProfile
  • Movies
  • Music
  • MUSIC
  • New Music
  • News
  • nolly wood
  • Nollywood
  • Novels
  • Odawood
  • Oil&Gas
  • Opinion
  • Parenting
  • Photos
  • Politics
  • Press Release
  • Relationship
  • Religion
  • Scandal
  • Security
  • Sex
  • Society
  • Sports
  • Tech
  • Technology
  • Travel
  • TV
  • Videos
  • Weird
  • Wheels
  • World

BROWSE BY TOPICS

#COVID19Nigeria Adams Oshiomhole APC atiku Atiku Abubakar boko haram Bola Tinubu Buhari Bukola Saraki business CBN court COVID-19 crime davido ECOWAS Edo Election Edo State Election efcc Featured Federal Government FG INEC Kayode Fayemi Lagos Lagos State Muhammadu Buhari NCDC NDLEA news Nigeria Nigerian politics NLC Nollywood Obaseki ogun state PDP police politics President Buhari Sanwo Olu senate tinubu wike Yemi Osinbajo


Recent News

  • NDLEA Storms Gezawa Drug Dens, Arrests 19 in Ramadan Crackdown
  • Lisabi Festival Committee Debunks Egbaliganza Takeover Claims Ahead of 39th Celebration
  • Edo Political Storm: Okpebholo Condemns ADC Attack as Party Alleges Assassination Plot Against Obi, Oyegun
  • About Us
  • Letter to the Editor
  • Data Usage Policy
  • Contact Us

© Copyright MetroNews NG 2020. All rights reserved.

No Result
View All Result
  • Metro
  • Lagos
    • Opinion
    • Interview
    • Weird
  • World
  • Business
  • Sports
  • Nollywood
  • Odawood
  • Lifestyle
    • Careers
    • Education
    • Health
  • MetronewsNG TV

© Copyright MetroNews NG 2020. All rights reserved.