Skip to content
August 18, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Political Economist

Political Economist

A liberal News reporting Politics, Sports, Business, Commentaries

  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
  • Business & Economy
  • Politics
Watch Online
  • Home
  • National News
  • NDLEA arrests real estate CEO allegedly leading a drug cartel
  • National News

NDLEA arrests real estate CEO allegedly leading a drug cartel

Admin February 22, 2026

The National Drug Law Enforcement Agency (NDLEA) has arrested the Chairman and Chief Executive Officer(CCEO), Trans Fortress Global Resources, for alleged illicit drug business.

Femi Babafemi, Director Media and Advocacy, NDLEA, said in a statement on Sunday in Abuja that the suspect had been on NDLEA watchlist since 2025 following credible intelligence.

Babafemi said that the 57-year-old drug kingpin was arrested at his Safe Court Apartment residence in Ikate, Lekki Lagos on Thursday, Feb. 12 after sustained surveillance soon after his return from the United Kingdom.

He said that a search of his residence led to the recovery of four large bags containing parcels of Canadian Loud, a strong strain of cannabis with a total weight of 89.20kg.

“Also recovered from him at the point of his arrest was a 2024 model Toyota Hilux.

“In his statement, he claimed he got involved in the illicit drug trade after financing some consignments for his overseas associate.

“He said hundreds of millions of naira paid to him as profit by his associate motivated him to establish his own independent drug distribution channel,”Babafemi said.

In another interdiction operation in Lagos, the NDLEA spokesman said that a suspect was nabbed with 56kg skunk at Agbara on Thursday, Feb. 19.

Babafemi said that another suspected drug trafficker was caught with 76kg of same substance at a motor park in Oshodi on Tuesday, Feb. 17.

Meanwhile, at the Port Harcourt Ports Complex, Onne, Rivers state, Babafemi said that a total of 170, 900 bottles of codeine-based syrup were discovered in a container.

This, he said, was during a joint examination of the shipment by NDLEA officers, Customs and other security agencies.

“The request by NDLEA for a 100 per cent physical examination and search of the container followed processed intelligence on the shipment,”he said.

Babafemi quoted the NDLEA Chairman, retired Brig.-Gen. Buba Marwa as commending the officers and men of Lagos command of the agency for the arrests and seizures.

Marwa said that their operational successes and those of their compatriots across the country especially their balanced approach to drug supply reduction and drug demand reduction efforts were well appreciated.

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link
Tags: NDLEA

Post navigation

Previous NDLEA busts woman with drugs in fake pregnancy as Ivorian excretes 82 cocaine wraps at Kano airport
Next Palm Oil: Why trusted sources matter this season, by Libby Offem-Oke 

Related Stories

Troops bust ISWAP network, rescue abducted Cameroonian
  • National News

Troops bust ISWAP network, rescue abducted Cameroonian

August 18, 2026
Scammers
  • National News

August 18, 2026
Bayelsa Assembly defies court order: Still summons Sagbama Council chairperson
  • National News

Bayelsa Assembly defies court order: Still summons Sagbama Council chairperson

August 18, 2026
logo

Political Economist is a liberal news magazine with global affiliations.

At Political Economist, we promote free enterprise and act as a catalyst for the growth of knowledge economy. We are proudly pan-Nigeria yet richly spiced with African and global news. We offer a fair and balanced news reportage presented by our team of well-heeled professional journalists. <

About us

  • 5 Olutosin Ajayi Street, By CPM Church, Ajao Estate, Lagos State, Nigeria
  • +234 805 680 1124
  • info@politicaleconomistng.com

Follow

Subscribe to notifications

You may have missed

National Ranching Policy: Whose Land, Whose Ranches, Whose Future? – By TOM CHIAHEMEN MACBAN
  • Commentaries

National Ranching Policy: Whose Land, Whose Ranches, Whose Future? – By TOM CHIAHEMEN

August 18, 2026
Troops bust ISWAP network, rescue abducted Cameroonian
  • National News

Troops bust ISWAP network, rescue abducted Cameroonian

August 18, 2026
Scammers
  • National News

August 18, 2026
Under Tinubu, FAAC allocations peak at N2.8trn monthly, highest ever – Oyedele
  • Business & Economy

Under Tinubu, FAAC allocations peak at N2.8trn monthly, highest ever – Oyedele

August 18, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.