Business
FG begins sale of recovered assets
The Federal Government has begun the process of selling recovered and forfeited assets in 25 locations across the country.
The sale of the items, which comprise ships, plants, machinery, electronics and furniture, is part of efforts to raise funds to meet its obligations.
They are assets either recovered or forfeited by suspects facing corruption charges.
A statement on Tuesday by the Solicitor-General of the Federation and Permanent Secretary, Ministry of Justice, Mr Dayo Apata (SAN), called on interested persons and or firms to look out for its publication and “make submissions in the required format and within the specified timelines.”
He added that the disposal of the affected assets was in line with the mandate of a committee approved by President Muhammadu Buhari to oversee the sale and the inherent prosecutorial powers of the Attorney-General of the Federation and Minister of Justice.
Apata, who doubles as chairman, Inter-Ministerial Committee on the Disposal of Assets Forfeited to the Federal Government of Nigeria promised to be transparent and accountable in the disposal of assets recovered from looters.
The Attorney-General of the Federation and Minister of Justice, Mr. Abubakar Malami (SAN), had inaugurated the inter-ministerial committee in November 2020 in compliance with the president’s directive that the committee should dispose of the forfeited assets within six months.
Malami had said that the setting up of the committee was borne out of the president’s directive in October 2018 following recommendations of the Presidential Audit Committee on Recovery and Management of Stolen Assets and a need for efficient management of the assets.
He had said, “It is aimed at ensuring proper coordination of the disposal of the federal government’s assets and for promoting a uniform, harmonised and transparent procedure to safeguard the assets recovered by the relevant agencies in line with the anti-corruption drive of this administration.
“Your mandate is to ensure the expedient disposal of all FGN forfeited assets and generate revenue for the Federal Government of Nigeria.
“Accordingly, I wish to solicit the cooperation of all members of the Inter-Ministerial Committee in that respect.”
Apata, however, assured the public that the disposal of the assets will be carried out in a very transparent manner.
He stated that the committee had already kick-started the process on February 1, 2021, with publications in the Federal Tenders Journal and two national newspapers.
Among the assets listed for disposal are landed property, plants, machinery, motor vehicles, electronics, furniture and equipment.
Others are canoes, boats, barges, ships, jewellery, ornaments and clothing materials.
To achieve transparency, Apata told journalists in Abuja that the committee “intends to engage valuers and auctioneers as part of the disposal process.”
According to him, members of the committee have completed the conflict of interest and non-disclosure forms, while the committee has also adopted a communication and media strategy to keep the public abreast of its activities.
Auto
Jetour T1 Storms Abuja as Automaker Accelerates Nigeria Expansion
Jetour T1 Set to debut in Abuja as Expansion Gains Momentum
Following a successful debut in Lagos, Jetour Nigeria will host the Jetour Experience Abuja from September 22 to 24, 2026, positioning its all-new T1 model as a major competitor in the country’s growing adventure SUV market.
The three-day event in the Federal Capital Territory will give prospective buyers and motoring enthusiasts direct access to product demonstrations, expert-led technical sessions, and hands-on test drives.
“Strong participation, extensive test drives, and significant sales enquiries at the Lagos edition, coupled with growing demand from Abuja residents, influenced the decision to bring the experience to the nation’s capital,” the company said in a statement. The show holds at Maha Event Centre, Area 8, Garki.
To support its growing national footprint, Jetour Nigeria has established a network of seven accredited dealers: Elizade Nigeria Limited, New Era AutoVehicle Services Limited, Kojo Motors, Germaine Auto Centre, Tab Autos Limited, R.T. Briscoe Motors, and Mandilas Autos. The partnerships cover retail sales, genuine spare parts supply, and comprehensive after-sales maintenance.
READ ALSO:
- Kidnapped Female Police Officer Found Dead in Ebonyi as Suspect Leads Police to Remains
- CNN, MS NOW, Politico Sue Trump Over White House Access Ban
- JAMB Allows Candidates to Change Lost SIM, Email Addresses
The T1 enters the market with a focal point on balance—combining off-road capability with urban comfort.
The smart T1 has the following features-
Dimensions: 4,705mm (L) x 1,967mm (W) x 1,843mm (H) |; Wheelbase: 2,800mm; and
Powertrains: 1.5L Turbo / 2.0L Turbo (254 hp, 390 Nm torque).
The drivetrain is BorgWarner XWD Intelligent 4WD | 7-Speed DCT or 8-Speed Automatic. Terrain Capability: 199mm ground clearance, 600mm wading depth, and 28° approach/departure angles.
Other features include 15.6-inch HD touchscreen, Qualcomm Snapdragon 8155 platform, 8-speaker audio, 5-seater configuration with 574 litres of rear luggage space, 85 percent high-strength steel chassis alongside a Level 2 Advanced Driver Assistance System (ADAS), which includes Adaptive Cruise Control, Lane Keeping Assist, Forward Collision Warning, and Autonomous Emergency Braking.
Since its Nigerian market entry, Jetour has secured several local and international automotive honors, including Fastest Growing Auto Brand of the Year and Auto Brand of the Year.
Jetour T1 Set to debut in Abuja as Expansion Gains Momentum
Auto
Abuja Demand Rises as Jetour Brings X70 Plus Experience to FCT
Abuja Demand Rises as Jetour Brings X70 Plus Experience to FCT
Jetour Nigeria is taking its seven-seater X70 Plus SUV to Abuja as rising interest from motorists in the Federal Capital Territory and neighbouring states fuels the brand’s latest push to deepen its presence across Nigeria.
The X70 Plus will headline the Jetour Experience Abuja, holding from September 22 to 24 at Maha Event Centre, Area 8, Garki, following the strong response recorded during the Lagos edition, where motorists turned out for test drives and made enquiries about Jetour models.
The Abuja activation is designed to give prospective buyers direct access to the X70 Plus and other models, with opportunities to test-drive the vehicles, engage product specialists and experience their technology, safety and comfort features.
The X70 Plus is positioned as a family-oriented SUV, offering seven-seat capacity and a range of features targeted at customers seeking comfort, technology and practicality.
The SUV is available with 1.5-litre and 1.6-litre turbocharged engine options, with outputs of up to 145kW and 290Nm of torque, paired with a dual-clutch automatic transmission.
READ ALSO:
- Enough Is Enough: Muslim Supporters Demand New Man United Owners
- Stray Bullet Kills 400-Level IBBU Student During Land Dispute in Niger
- Oyo Police: Student Who Died by Suicide Was Charged With Assault, Not ₦8,000 Debt
Its safety equipment includes front, side and curtain airbags, Vehicle Stability Control, Hill-Start Assist, Hill-Descent Control and a 360-degree panoramic camera with 2D and 3D viewing modes. Advanced Driver-Assistance Systems are also available.
Inside the cabin, the X70 Plus features a 10.23-inch LCD touchscreen, dual-zone climate control with air purification, wireless charging, a panoramic sunroof and an eight-speaker audio system.
Jetour Nigeria, the authorised distributor of the brand in the country, currently operates through seven accredited dealers: Elizade Nigeria Limited, Mandilas Autos, R.T. Briscoe Motors, Germaine Auto Centre, Kojo Motors, Tab Autos Limited and New Era Auto Vehicle Services Limited.
The company said the dealer network supports vehicle sales, genuine spare-parts supply and after-sales services across the country.
Jetour has also received recent industry recognition in Nigeria, including Fastest Growing Auto Brand by the Nigeria Auto Journalists Association and Auto Brand of the Year at the Nigeria Transport Lecture and Awards.
The Abuja experience is expected to provide prospective customers in the FCT and surrounding states with direct access to the X70 Plus and other Jetour models as the brand continues its national market expansion.
Abuja Demand Rises as Jetour Brings X70 Plus Experience to FCT
Auto
Jetour Unleashes F700 Hybrid Pickup as Abuja Experience Begins Tuesday
Jetour Unleashes F700 Hybrid Pickup as Abuja Experience Begins Tuesday
Jetour is taking its premium pickup game to Abuja as the automaker prepares to showcase the powerful F700 hybrid pickup at the Jetour Experience Abuja, bringing a blend of electrified performance, luxury and rugged off-road capability to the Federal Capital Territory.
The three-day event, scheduled for September 22 to 24 at Maha Event Centre, Area 8, Garki, comes on the heels of strong reception in Lagos and is expected to draw commercial fleet operators, corporate buyers and luxury pickup enthusiasts keen to experience Jetour’s latest hybrid workhorse.
Following high-impact reception in Lagos, the Abuja activation, which holds at Maha Event Centre, Area 8, Garki, answers massive demand from commercial fleet leaders, corporate buyers, and luxury truck enthusiasts eager for an electrified workhorse built without compromise.
Jetour’s rapid ascendancy as Nigeria’s Fastest Growing Auto Brand and Auto Brand of the Year is backed by nationwide after-sales infrastructure, certified technicians, and genuine parts availability through its authorized dealer network including Elizade Nigeria Limited, New Era AutoVehicle Services, Germaine Auto Centre, Kojo Motors, Mandilas Autos, R.T. Briscoe and
Tab Autos.
The Ultimate Hybrid Powerhouse
Engineered on the heavy-duty platform of Jetour’s G700 luxury SUV, the double-cab F700 redefines utility.
READ ALSO:
- Delta Police Intercept Sienna With Military Uniforms, Suspected Drugs
- Jehovah’s Witnesses Adjust Blood Transfusion Rules, Allow Personal Choice
- Ogun 2027: APC Highlights Adeola’s Projects, Challenges Adebutu
Stretching nearly 5.5 meters, it commands road presence via a high-tensile ladder-frame chassis and independent double-wishbone suspension engineered for punishing industrial demands and refined highway cruising alike.
Under the hood lies the revolutionary Kunpeng Super Hybrid CDM-O powertrain—pairing dual high-output electric drive motors with an onboard turbo petrol generator that seamlessly feeds the battery pack on the fly, eliminating range anxiety entirely.
According to Jetour, an advanced CATL 800V architecture surges the battery from 20% to 80% in just 10 minutes, achieving ultra-fast charging.
The vehicle delivers a monumental combined cruising range of up to 1,300 km on a single charge and tank, and achieves exceptional fuel economy, sipping as low as 1.39 L/100 km.
Conquering Terrain in First-Class Luxury
Engineered for unforgiving terrain, the F700 deploys Jetour’s intelligent XWD all-wheel-drive system governed by front, center, and rear mechanical differential locks.
With 9.5 inches of ground clearance and an imposing 900 mm water-wading capability, the F700 glides through deep water crossings, unpaved construction corridors, and rocky trails effortlessly.
Inside, the cabin abandons utilitarian compromises for bespoke executive refinement, featuring
35.4-inch Panoramic “Sky Screen” dominating the dash architecture.
Also, it features the 15.6-inch Central Command Touchscreen for seamless telematics and vehicle dynamics, Sculpted Luxury Finishes combining aviation-grade acoustic insulation, premium materials, and active driver-assist safety suites.
The three-day Jetour Experience Abuja will feature live technical walkarounds, rugged dynamic tests, and hands-on driving trials at the capital.
Jetour Unleashes F700 Hybrid Pickup as Abuja Experience Begins Tuesday
-
International3 days agoBREAKING: Bloodbath at Pakistan Mosque as Suicide Blast Kills 21, Injures 103
-
Sports3 days agoFalconets Thrash England 3-0, Face Colombia in U-20 World Cup Quarter-Finals
-
Politics3 days agoYayi Ancestry Row: Stepmother Sets Record Straight as Legal Battle Looms
-
metro3 days agoTinubu Orders Full Probe Into 37 Miners’ Deaths in NSCDC Custody
-
metro2 days agoNiger Miners’ Deaths: Families Demand Compensation, Justice for Victims
-
metro2 days agoMambilla: ICC Raises Questions Over $500,000 Payment to Atiku’s Former Wife
-
Entertainment2 days ago“She Wanted to Stay Single”: Rema Opens Up About Rejection That Inspired Hit Song ‘Oh No’
-
metro3 days agoXenophobia: FG Brings 33 More Nigerians Home From South Africa
You must be logged in to post a comment Login