The Federal Executive Council (FEC) has ordered the buyers of two seized properties in Lagos to pay the government the cost of the prevailing price in 2001 when they were purchased.
This followed a memo presented to the council by the Minister of Works and Housing, Babatunde Fashola, which explained that the government was short-paid in the transaction.
He said the properties, a four-bedroom bungalow on Adeniyi Jones Lagos, and five-bedroom duplex on Amadasun Street in GRA, Ikoyi, Lagos were seized by the National Drug Laws Enforcement Agency (NDLEA) in the course of narcotic prosecution.
According to the Minister, the properties were sold for N2 million and N5 million respectively.
He said the government now wants the buyers to pay the sum of N18 million for the bungalow and N21 million for the five-bedroom duplex being the cost at which they were valued in 2001.
Details later…
YOU SHOULD NOT MISS THESE HEADLINES FROM NIGERIAN TRIBUNEÂ
Mamu Aiding, Abetting Local, International Terror Organisations, DSS Alleges
A Federal High Court sitting in Abuja has granted a request by the Department of State Services (DSS) to detain the former terrorists’ negotiator, Tukur Mamu, for 60 more days…
Muslim-Muslim Ticket: Dogara, Babachir Meet Northern Christian Leaders
Following the controversies surrounding the Muslim-Muslim ticket fielded by the All Progressives Congress (APC), two chieftains of the party Yakubu Dogara and Babachir David Lawal, have continued to show their dissatisfaction with the decision their party made in which they believe that Northern Christians were sidelined…
Insecurity: Northern Governors Endorse State PoliceÂ
The 19 governors under the aegis of the Northern Governors Forum (NGF) unanimously expressed support for the establishment of state police in a bid to tackle the activities of insurgents, kidnappers and other criminal activities across the country…
FEC orders buyers of seized drug-linked properties to pay 2001 price
Teachers Recruitment: Kogi Govt. Conducts Aptitude Test For 6000 Shortlisted Candidates
The Kogi State government, on Tuesday, commenced the conduct of aptitude tests for shortlisted 6000 candidates shortlisted out of the 15000 applicants for the ongoing teachers’ recruitment in the state…
FEC orders buyers of seized drug-linked properties to pay 2001 price
and then