TheCitizen - It's all about you
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials
No Result
View All Result
TheCitizen - It's all about you
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials
No Result
View All Result
TheCitizen - It's all about you
No Result
View All Result

NDLEA freezes 600 accounts, seizes 249 luxury vehicles of drug barons

The Citizen by The Citizen
September 7 2022
in Financial Crimes
A A
0
NDLEA nabs pregnant woman with 1,441kg skunk in Lagos

The National Drug Law Enforcement Agency (NDLEA) seized no fewer than 286 assets and 600 bank accounts of drug barons between January 2021 and August 2022.

NDLEA spokesman, Femi Babafemi, who disclosed this in a document made available to one of our correspondents on Tuesday, said the assets consisted of 249 exotic cars and 37 mansions.

The agency’s seizures came against the backdrop of the categorisation of Nigeria by the United Nations Office on Drugs and Crime as the transit point for “heroin and cocaine intended for European, East Asian, and North American markets.”

According to the UN agency, since 2004 “drug traffickers have been increasingly using West African countries, including Nigeria for smuggling large amounts of cocaine from South America into Europe and North America. The country has a relatively high rate of drug abuse due to the continued availability of illicitly manufactured and diverted pharmaceutical products containing narcotic drugs and psychotropic substances.”

The NDLEA, in the document made to The PUNCH, said it was faced with the “overwhelming task of drug control in a country with an exceptionally high prevalence of drug use of 14.4 per cent.”

Explaining the seizures by the agency in the last 20 months, Babafemi said 286 assets were confiscated and 600 bank accounts were frozen.

He stated that the assets of drug barons consisted of “249 exotic vehicles seized and 37 properties forfeited, all scattered across the country.”

The NDLEA also indicated that it seized N871.53m worth of illegal drug funds between January 2021 and August 2022.

It explained that N619.12m was recorded as final illegal drug funds forfeiture and N252.41m as interim forfeiture. The agency grouped this under its drug supply reduction effort where it revealed that it arrested 18,940 suspected drug traffickers from January 2021 to July 2022.

Under its drug supply reduction efforts, it stated, “Assets and financial investigation: Illicit drug funds that were investigated and seized include Final Forfeiture―(i.) One million, three hundred and nineteen thousand, four hundred dollars ($1,319,400) (ii.) One hundred and two thousand pounds (£102,000) (iii.) Fourteen million CFA Francs (CFA 14, 000, 000) ― and Interim forfeiture―Two hundred and fifty-two million, forty hundred and seven thousand, seven hundred and twenty-six-naira, twenty Kobo, (N252,407,726.20).”

The currencies were converted at the Central Bank of Nigeria’s official rate of September 2, 2022. At the time, one dollar was N424.55; one pound was N490.78, and one CFA was N0.64.

The NDLEA explained, “The Agency’s drug supply reduction efforts recorded the following: the arrest of 18,940 suspected drug traffickers (comprising 17,444 males and 1,496 females and including 12 barons) from January 2021 to July 2022; conviction of 2,904 offenders to various jail terms in court; seizure of 3. 6 million kilograms of narcotic and psychotropic substances; cannabis farm destruction: 691 hectares of cannabis farms were detected and destroyed across six states.”

It revealed that it dismantled clandestine meth laboratories following the outbreak of abuse of crystal methamphetamine, popularly called Mkpuru Mmiri in 2021.

It explained that its operational assets were able to locate and dismantle illicit meth laboratories across the country with recent discoveries in Victoria Garden City, Ajah, Lagos and Nise Community, Anambra State.

“That an order is hereby made preserving and restraining the respondent or any person or persons from dealing in any manner whatsoever with the properties listed as exhibit NDLEA III below belonging to Ukatu Mallinson reasonably believed to have been derived from unlawful activities pending the conclusion of the investigation and trial of the respondent.

“That an order is hereby made preserving and restraining the applicant or privies, agents and servants from dissipating, interfering or tampering with the properties listed as NDLEA III below belonging to Ukatu Mallinson reasonably believed to have been  derived from unlawful activities pending the conclusion of the investigation and  trial of the respondent.’’

The properties temporary confiscated by the court include an office building at Ilupeju; building mart at Dopemu; a pharmaceutical factory inside Nigeria Air Force base, Ikeja; Nelo’s Place Event Centre, Ikeja; a personal house at Ikeja and a warehouse at Okota, Amuwo, Lagos.

Also seized were two big warehouses; an office shop; a Toyota car; Volvo SUV; a Range Rover SUV; Bulk Enclave SUV; NISPO factory; a proposed warehouse; a proposed office complex and warehouses in Igboko village, Ado-Ado Ota, Ogun State, Central Business District, Abuja; including a parcel of land at Maryland, Ikeja, Oshodi, Festac Town, Oregun, Ikeja and Nike in Enugu. – Punch.

Previous Post

DMO warns against suspension of telecoms tax

Next Post

Nigerians in Northern Cyprus counter Abike-Dabiri, condemn misinformation

Related Posts

Money Laundering: Thousands of Ddllars flown out of Nigeria every hour – INTERPOL
Financial Crimes

EFCC probes suspect with fake $212,200 in Kano

September 17 2026
Cash Transfers Office rejects N33.75bn fraud allegation, presents evidence
Financial Crimes

Cash Transfers Office rejects N33.75bn fraud allegation, presents evidence

September 11 2026
‘Fake’ Agency: Adeyemi insists DG appointment genuine
Financial Crimes

Reps panel traces 58 bank accounts, 12 entities, 39 workers to fake PFIPC DG

September 2 2026
EFCC summons ex-Gov. Sylva over alleged $14.86m fraud
Financial Crimes

EFCC summons ex-Gov. Sylva over alleged $14.86m fraud

September 1 2026
EFCC offers 5% whistleblower reward for tips on stolen assets abroad
Financial Crimes

EFCC offers 5% whistleblower reward for tips on stolen assets abroad

August 27 2026
NDLEA intercepts Europe-bound cocaine consignments
Financial Crimes

NDLEA opposes bail for 10 in N480bn Ogun meth lab

August 21 2026
Next Post
Nigerians in Northern Cyprus counter Abike-Dabiri, condemn misinformation

Nigerians in Northern Cyprus counter Abike-Dabiri, condemn misinformation

Lagos moves to halt drowning in swimming pools, hotels, others

Lagos moves to halt drowning in swimming pools, hotels, others

Leave a Reply Cancel reply

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

FROM THE GRASSROOTS

Minister defends King’s College concession, cites infrastructure decay

Minister defends King’s College concession, cites infrastructure decay

by The Editor
September 16 2026
0

...

Lagos demolishes shanties after four die in community clash

Lagos demolishes shanties after four die in community clash

by The Editor
August 30 2026
0

...

Kano, Sokoto, others spend N53.2bn on scholarships abroad

INEC fixes Sept 19 for Kano Assembly by-election

by The Editor
August 27 2026
0

...

Awujale: Ruling House sues Ogun, kingmakers

Awujale: Ruling House sues Ogun, kingmakers

by The Editor
August 25 2026
0

...

APPOINTMENTS

Enugu governor names Nollywood’s Eucharia Anunobi, Rachael Okonkwo aides

Enugu governor names Nollywood’s Eucharia Anunobi, Rachael Okonkwo aides

by The Editor
September 23 2026
0

...

Gov. Yahaya swears in 19 new Gombe permanent secretaries

Gov. Yahaya swears in 19 new Gombe permanent secretaries

by The Editor
September 11 2026
0

...

Niger State governor appoints six commissioners-designate, four aides

Niger State governor appoints six commissioners-designate, four aides

by The Editor
September 8 2026
0

...

Tinubu swears in Enitan as new Head of Service

Tinubu swears in Enitan as new Head of Service

by The Editor
August 28 2026
0

...

ODDITIES

Residents find lifeless body in Akwa Ibom gutter, police begin probe

New co-tenant absconds with neighbour’s children in Akwa Ibom

by The Editor
September 17 2026
0

Palliatives: Sokoto residents feared dead in stampede at Wammako’s residence

Police Inspector slumps, dies after fitness exercise

by The Editor
September 3 2026
0

How friend deceived me to sell my kidney, bought phones with payment — Victim

How friend deceived me to sell my kidney, bought phones with payment — Victim

by The Editor
August 30 2026
0

GLOBAL NEWS

Gambia orders banks to replace foreign workers with locals

Gambia orders banks to replace foreign workers with locals

by The Editor
September 25 2026
0

...

Trump signs security deal with Greenland, Denmark at UN

Trump signs security deal with Greenland, Denmark at UN

by The Editor
September 23 2026
0

...

Trump bars CNN, MS NOW, Politico from White House

Trump bars CNN, MS NOW, Politico from White House

by The Editor
September 18 2026
0

...

2027 Hajj: Saudi Arabia rejects Nigeria’s request for additional slots

2027 Hajj: Saudi Arabia rejects Nigeria’s request for additional slots

by The Editor
September 17 2026
0

...

Canada flags Nigeria, 16 African countries as high-risk in new travel advisory

Canada raises study permit, visitor visa processing times for Nigerians

by The Editor
September 17 2026
0

...

State of the States

Enugu Air opens international route to Cameroon, begins Enugu-Douala service

Enugu Air opens international route to Cameroon, begins Enugu-Douala service

by The Editor
September 25 2026
0

...

I won’t be a godfather; Abia voters will pick my successor, says Gov. Otti

I won’t be a godfather; Abia voters will pick my successor, says Gov. Otti

by The Editor
September 17 2026
0

...

Fubara orders fresh LG elections in Rivers State

Fubara signs N1.84tt Rivers 2026 budget into law

by The Editor
September 3 2026
0

...

Lagos empowers 6,190 residents with free vocational, entrepreneurial skills

Lagos empowers 6,190 residents with free vocational, entrepreneurial skills

by The Editor
September 2 2026
0

...

Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
Candidate Sowore: Revolution, Marijuana and other stories

Candidate Sowore: Revolution, Marijuana and other stories

September 25 2026
Nigeria, U.S. sign framework for $700 billion mineral investment

Nigeria, U.S. sign framework for $700 billion mineral investment

September 25 2026
Court nullifies Pantami as Gombe PDP guber candidate

Court nullifies Pantami as Gombe PDP guber candidate

September 25 2026
Process of rigging 2027 polls has started — Prof Jinadu reveals

2027: Elections must be decided at polls, not courts — Onaiyekan, Osigwe

September 25 2026

EDITORIAL REVIEW

Tele-robotic surgery: Nigeria needs more medical feats – Punch

Tele-robotic surgery: Nigeria needs more medical feats – Punch

by The Editor
September 25 2026
0

2027: Voter registration figures must mirror turnout – Punch

2027: Voter registration figures must mirror turnout – Punch

by The Editor
September 17 2026
0

EFCC recoveries: The good, the bad and the ugly – Punch

EFCC recoveries: The good, the bad and the ugly – Punch

by The Editor
September 11 2026
0

Football’s house of failure – Punch

Football’s house of failure – Punch

by The Editor
September 8 2026
0

FAAC shares N2.09tr to FG, states, local councils as October revenue

FAAC bonanza: Nigeria’s fiscal paradox – Punch

by The Editor
September 3 2026
0

Opinion

Candidate Sowore: Revolution, Marijuana and other stories

Candidate Sowore: Revolution, Marijuana and other stories

by The Editor
September 25 2026
0

...

 Akpakomiza and other stories

by The Editor
September 1 2026
0

...

‘Fake’ Agency: Adeyemi insists DG appointment genuine

Fake agencies: Why Nigeria still needs Oronsaye report

by The Editor
August 25 2026
0

...

How Adeleke danced back from the dead

How Adeleke danced back from the dead

by The Editor
August 19 2026
0

...

Plugin Install : Popular Post Widget need JNews - View Counter to be installed
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials

© 2026 TheCitizen Ng. All Rights Reserved.

No Result
View All Result
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials

© 2026 TheCitizen Ng. All Rights Reserved.