Skip to content
July 19, 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 auctions properties forfeited by drug cartels
  • National News

NDLEA auctions properties forfeited by drug cartels

Admin July 17, 2024

NDLEA operatives

July 17, 2024

The National Drug Law Enforcement Agency (NDLEA) on Wednesday auctioned properties and assets seized from drug cartels, worth millions of naira.

Speaking during the event in Abuja, the NDLEA chairman, retired Brig. Gen. Buba Marwa said that the agency followed a due process and transparency in the auction.

Marwa, who was represented by the agency’s Secretary, Shadrach Haruna said that the NDLEA also ensured that prices were close to the estimates provided by the Federal Government.

The assets were seized during raids and operations across the country.

Marwa said that the auction was a demonstration of its commitment to tackling drug trafficking and criminal organisations.

He emphasised the importance of the forfeiture process, adding that it was a key aspect of the 2022 Proceeds of Crime Act.

He explained that the agency’s Process and Crimes Department manages and realizes forfeited assets, ensuring that criminals do not benefit from their illegal activities.

He added that the auctioned properties, forfeited to the Federal Government by federal high courts, included high-end buildings and landed properties used as instruments for drug manufacturing and housing.

He said that the forfeiture process served as a deterrent to criminals, disrupting their enterprises and rehabilitating individuals dependent on drugs sold by these individuals.

According to him, the auction is a milestone in the fight against drug trafficking and organised crime.

“This auction sends a strong message to drug cartels that crime does not pay,”he said.

Marwa commended the transparency of the process, adding that that no agency member or individual connected to the forfeited assets was involved in the bidding.

Observers from the Independent Corrupt Practices Commission (ICPC) and Civil Society Organisation (CSO) praised the NDLEA for its transparency, urging the agency to continue its good work.

Some of the properties are located in Lagos, Ondo, Anambra and Adamawa.(NAN)

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link
Tags: Buba Marwa CSO ICPC NDLEA

Post navigation

Previous Alleged $6bn fraud: Court turns down ex-Power Minister’s request for medical trip
Next Tinubu Launches Student Loan Scheme

Related Stories

Oyo mandates birth certificates, NIN for school enrolment — Perm Sec oyo
  • National News

Oyo mandates birth certificates, NIN for school enrolment — Perm Sec

July 19, 2026
Troops foil ISWAP mass abduction bid, rescue 46 students in Borno Troops
  • National News

Troops foil ISWAP mass abduction bid, rescue 46 students in Borno

July 19, 2026
NDLEA arrests 80-year-old grandpa, others in 3 states interdiction operations
  • National News

NDLEA arrests 80-year-old grandpa, others in 3 states interdiction operations

July 19, 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

Fuel price uncertainty forces marketers to temporarily halt supply — IPMAN Fuel crisis
  • Business & Economy

Fuel price uncertainty forces marketers to temporarily halt supply — IPMAN

July 19, 2026
Oyo mandates birth certificates, NIN for school enrolment — Perm Sec oyo
  • National News

Oyo mandates birth certificates, NIN for school enrolment — Perm Sec

July 19, 2026
NDLEA intercepts Kano-bound tramadol shipments, arrests 80-year-old grandpa
  • Crime and Justice

NDLEA intercepts Kano-bound tramadol shipments, arrests 80-year-old grandpa

July 19, 2026
Troops foil ISWAP mass abduction bid, rescue 46 students in Borno Troops
  • National News

Troops foil ISWAP mass abduction bid, rescue 46 students in Borno

July 19, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.