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    MarketForces Africa » MarketForces News » NDLEA Raids Warehouse in Lagos, Recovers N4.8bn Worth of Drugs

    NDLEA Raids Warehouse in Lagos, Recovers N4.8bn Worth of Drugs

    Olu AnisereBy Olu AnisereAugust 20, 2023Updated:August 20, 2023 News No Comments2 Mins Read
    NDLEA Raids Warehouse in Lagos, Recovers N4.8bn Worth of Drugs
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    NDLEA Raids Warehouse in Lagos, Recovers N4.8bn Worth of Drugs

    National Drug Law Enforcement Agency (NDLEA) has recovered hard drugs worth N4.8 billion from a warehouse in Lagos. Its spokesman, Mr Femi Babafemi stated on Sunday in Abuja that the warehouse is tucked in the popular International Trade Fair Complex, Alaba, Ojo area of Lagos.

    He added that NDLEA operatives raided the warehouse owned by a wanted billionaire drug baron on Saturday, Aug. 19. He stated that the raid yielded 1.4 million pills of tramadol (225mg), weighing 826kg and 3.2 million pills of codeine with a gross weight of 3,360kg.

    Babafemi stated that 2,841 cartons of codeine syrup containing 28,410 litres of the substance in 284,100 bottles were also recovered from the warehouse.

    “The drugs have a combined street value of N4,820,500,000,’’ he stated. Babafemi stated also that during the operation that lasted hours, a suspect, Paulinus Ojukwu, the Chief Security Officer to the wanted drug baron was arrested and was assisting in an ongoing investigation.

    “The wanted drug baron and operator of the warehouse parades himself as an automobile spare parts dealer.

    “The latest drug warehouse bust is coming on the heels of the arrest of a drug baroness, Faith Nwankwo who was nabbed on Wednesday, Aug. 9 with 2.8 million pills of `tramaking’.

    “`Tramaking’ is a brand of tramadol in 225mg and 250mg

    “Some of the drugs were recovered from Faith’s residence at House 6, C close, 3rd Avenue, FESTAC Town area of Lagos.

    “Others were recovered from her warehouse located at Plot 3432 Sola Akinsola Street, Divine Estate, Amuwo Odofin, Lagos,’’ Babafemi stated. #NDLEA Recovers Hard Drugs Worth N4.8bn in Lagos Nigerian Treasury Bills Yield Rises to 7%

    DRUG NDLEA
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    Olu Anisere
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    Olu Anisere is a financial and economic journalist at MarketForces Africa, specialising in African macroeconomic policy, international finance, energy markets, and continental development.He covers major multilateral institutions, including the International Monetary Fund (IMF), World Bank, and the United Nations Economic Commission for Africa (ECA), providing readers with frontline reporting on policies shaping Africa's economic trajectory.Olu has reported extensively on Nigeria's fiscal and monetary policy landscape, including CBN interest rate decisions, Nigeria's bond market, FX inflows, and the country's engagement with global financial institutions.His coverage spans IMF and World Bank Spring and Annual Meetings, African Ministers of Finance conferences, and high-level economic forums where Africa's development agenda is set.His reporting captures perspectives from Africa's most influential economic voices, including Tony Elumelu, senior IMF officials, and CBN leadership, bringing institutional insight and policy depth to MarketForces Africa's readers.Olu also covers Inside Africa — tracking economic, investment, and development stories from across the continent. Olu Anisere is based in Lagos, Nigeria.

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