• About Us
  • Contact
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Editorial Charter
  • Corrections Policy
  • Sitemap
Freelanews
Advertisement
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events
No Result
View All Result
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events
No Result
View All Result
Freelanews
No Result
View All Result
Home Business & Finance Business

Business owner alleges ₦3bn loss after Lagos property raid

Mariam Balogun by Mariam Balogun
July 2, 2026
in Business
0 0
0
Business
thenacre-campaign

Man claims police officers accompanied by suspected thugs looted equipment worth more than ₦3 billion during a disputed operation, as authorities are yet to respond

A businessman has alleged that suspected thugs accompanied by some police officers forcefully entered his commercial property in Lagos, vandalised parts of the building and carted away equipment valued at more than ₦3 billion.

Also read: Breaking: NDLEA arrests businesswoman with cocaine, seizes N12.4bn cannabis

The businessman, whose identity was not disclosed in the statement circulating online, claimed the individuals involved carried out the operation while allegedly invoking the name of the Governor of Lagos State.

The allegation has not been independently verified, and there is no evidence that the governor authorised or had any connection with the incident.

In an emotional account shared publicly, the businessman described the incident as devastating, saying years of investment had been wiped out.

Perfect-Aesthetic-social-1

“My years of hard work has been ruined. Police officers alongside thugs using the name of the Lagos State Governor as cover to loot my business building. Everything I worked for over the years is gone,” he said.

He alleged that the items removed included more than 200 air conditioners, over 100 large-screen televisions, industrial freezers, refrigerators, conference chairs and tables, hotel equipment and musical instruments.

According to the businessman, the combined value of the missing property exceeds ₦3 billion.

The circumstances surrounding the alleged Lagos Property Raid remain unclear, and it is yet to be established whether the operation was connected to a court order, a law enforcement action or a private dispute.

Odun Ifa 2026
ADVERTISEMENT

As of the time of filing this report, the Nigeria Police Force had not publicly responded to the allegations, while the Lagos State Government had also not issued an official statement addressing the claims.

adron lemon friday

The allegations have generated widespread reactions on social media, with many users calling for an independent investigation to determine the facts surrounding the incident and establish whether any laws were violated.

Legal experts note that where allegations involve law enforcement officers or claims of unlawful seizure of property, affected individuals may seek redress through the courts while oversight agencies investigate the conduct of those involved.

Also read: “We’re giving hope” Remi Tinubu encourages women to start Akara, roasted corn businesses (VIDEO)

This report will be updated if the Lagos State Government, the Nigeria Police Force or any other relevant authority issues an official response.

Mariam Balogun
Mariam Balogun

Mariam Balogun is a contributor to Freelanews.com, covering news, business, and public affairs.

Related Posts

2017 2largeimg20 Feb 2017 174924217
Business

Retiree demands for legislative action over fraudulent pension scheme, calls out AIICO

by Freelanews
June 14, 2024
WhatsApp Image 2022 01 29 at 9.25.53 AM scaled
Business

‘Bullish or bearish?’ Nigerian stocks rise by N106 billion, boosted by bank shares

by Rtn. Victor Ojelabi
January 29, 2022
gggg
Business

‘All I ever wanted’ Family, friends, mentees commission sports centre in honour of Ibukun Awosika at 60

by Rtn. Victor Ojelabi
December 22, 2022
WhatsApp Image 2024 07 08 at 08.31.21 scaled
Business

Adron Homes introduces Vidco plot series; Affordable, flexible land purchase solutions for all income categories

by Oreoluwa Ojelabi
July 8, 2024
AGF
JUST IN

Nigeria retains position as third-largest debtor to World Bank, owes $18.2bn

by Quadri Olaitan
August 17, 2025

Leave a ReplyCancel reply

Tiktok Community

You're not logged into Tiktok, please login here
UBA bank ad UBA bank ad UBA bank ad

Recent News

Shettima

Shettima leads Nigeria’s nutrition mission to Ethiopia

October 19, 2026
MC Alger

MC Alger fans accused of stadium violence after Rangers defeat

October 19, 2026
FG

FG reaches 10.46m poor households with N658.9bn – W’Bank

October 19, 2026
Ogun

Ogun police arrest 56-year-old man over wife’s death

October 19, 2026
  • Trending
  • Comments
  • Latest
N250k signature

Abiodun vs Amosun: N250k signature plot deepens Ogun political crisis ahead Tinubu visit

April 3, 2026
Omoge Saida

Omoge Saida sparks Nigerian social media over leaked video

October 28, 2025
james akaie scaled

Nollywood SFX makeup artist James Akaie allegedly dies after explosion on Abeokuta movie set

January 13, 2026
Political persecution in Ogun State

Political persecution in Ogun State: Abiodun moves against Otunba Gbenga Daniel with demolition threats again

August 9, 2025
amoke

‘Meals by Amoke’ We serve traditional dishes in a modern way, Bukoye Fasola reveals

19
Image 2024 03 26 at 120645 AM jpeg

Charles Inojie, Ali Nuhu call on communities to #MakeWeHalla against domestic violence

11
Meran Primary Health Centre Lagos father Meran hospital

Lagos father shares heartbreaking experience at Meran Primary Health Centre (Photos)

4
fls2

‘Disarticulated system’ Gov’t confused about Nigerian education, expert laments

3
Shettima

Shettima leads Nigeria’s nutrition mission to Ethiopia

October 19, 2026
MC Alger

MC Alger fans accused of stadium violence after Rangers defeat

October 19, 2026
FG

FG reaches 10.46m poor households with N658.9bn – W’Bank

October 19, 2026
Ogun

Ogun police arrest 56-year-old man over wife’s death

October 19, 2026
ADVERTISEMENT
October 2026
SMTWTFS
 123
45678910
11121314151617
18192021222324
25262728293031
« Sep    
Freelanews

Freelanews is a Nigerian digital news platform that delivers timely, credible, and engaging stories across politics, business, entertainment, lifestyle, and the creative industry, with a strong focus on promoting innovation, integrity, and inclusivity in storytelling.

Today’s Popular

  • #image_title

    17 mobile money operator companies licensed by CBN in Nigeria

    0 shares
    Share 0 Tweet 0
  • Ifeoma playfully reacts as Paul Okoye receives recognition in Australia

    0 shares
    Share 0 Tweet 0
  • ‘Breaking News’ Babatunde Omidina, Baba Suwe, is dead

    0 shares
    Share 0 Tweet 0
  • Hair vendor Precious and two others found dead in Delta residence

    0 shares
    Share 0 Tweet 0

Just Published!

Shettima

Shettima leads Nigeria’s nutrition mission to Ethiopia

October 19, 2026
MC Alger

MC Alger fans accused of stadium violence after Rangers defeat

October 19, 2026
FG

FG reaches 10.46m poor households with N658.9bn – W’Bank

October 19, 2026
Ogun

Ogun police arrest 56-year-old man over wife’s death

October 19, 2026
images 20

Rotary urged to prioritise lasting partnerships in West Africa

October 19, 2026
No Result
View All Result
  • About Us
  • Contact
  • Cookie Policy
  • Editorial Charter
  • Corrections Policy
  • Advertisement

© 2026 Freelanews | by Iretura.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events

© 2026 Freelanews | by Iretura.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.