A six-floor hotel situated in Victoria Island, Lagos, was the highlight of a recent auction that saw properties linked to drug kingpins sold for a total of N6.1 billion. The hotel was purchased by the estate firm owned by Tope Ojo and Tunde Olonishakin for a winning bid of N5.9 billion. The auction aimed to liquidate assets associated with individuals involved in drug trafficking, contributing to the ongoing efforts to combat narcotics-related crimes in the region. The proceeds from the auction will likely be directed towards initiatives aimed at addressing drug abuse and trafficking in Nigeria.
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