Justice Musa Kakaki made the order on Tuesday after an ex parte motion filed and argued by the counsel for the National Drug Law Enforcement Agency, Mr Buhari Abdulahi.
The property, located at No. 7 Akin Adesola Street, Victoria Island, Lagos, known as Proxy Lagos Night Club, was said to have been used to store 169 cylinders (384.662 kilograms) of nitrous oxide (commonly known as laughing gas) and 200 grams of cannabis sativa.
The NDLEA accused owners of the property, Mike Nwalie and Joachim Hillary, of using the premises to store and distribute the illicit substances pending a planned drug party.