Daily Archives: June 16, 2026

FG auctions forfeited drug kingpins’ properties worth N6.1bn

The Federal Government has auctioned four properties forfeited by convicted drug traffickers for a total of N6.15 billion. The assets, which include a six-storey hotel in Lagos, were seized by the National Drug Law Enforcement Agency (NDLEA) from drug kingpins and subsequently forfeited following court proceedings. They were sold through a competitive bidding…

Oshiomhole alleges forged signatures in Natasha Akpoti-Uduaghan’s suspension report

Senator Adams Oshiomhole, representing Edo North Senatorial District, has questioned the authenticity of some signatures attached to the Senate committee report that resulted in the suspension of Kogi Central Senator Natasha Akpoti-Uduaghan. Speaking during an interview with AIT, Oshiomhole claimed that the names of at least three senators appeared on the report despite their insistence…

Naira depreciates to N1,400/$ in parallel market

The naira weakened against the US dollar in the parallel market on Tuesday, June 16, trading at N1,400/$ compared to N1,390/$ recorded over the weekend. In contrast, the local currency posted gains in the official market, appreciating to N1,356/$ at the Nigerian Foreign Exchange Market (NFEM). Figures released by the Central Bank of Nigeria (CBN)…