EFCC to auction 15 forfeited vessels, 649 vehicles Tuesday

The Economic and Financial Crimes Commission has announced that it will commence physical inspection and auction of 649 forfeited vehicles and other assets.

The EFCC gave the details of the exercise in an advertorial published in some national newspapers on Friday.

The anti-graft agency said the exercise would hold on Tuesday in its offices across nine states.

The offices are located in Abuja, Uyo, Enugu, Kano, Lagos, Benin, Ibadan, Port Harcourt and Sokoto.

In the advertorial, the EFCC mentioned the forfeited assets to include 52 mobile gadgets and 15 ships.

It added that the auction of the vessels and barges would hold online at www.iNaira.com and www.rihago.com on December 6 to December 7.

It read in part, “The auction is open to the general public throughout Nigeria for the duration of the bidding period stated above. Asset viewing free at asset location.

“Prospective bidders will only be granted viewing access to view the lots at the asset location from 8:30 am to 4:30 pm on viewing days.

“The assets will be sold AS IS and WHERE IS in their current condition and location. No asset will be sold below its reserve price.

“A winning bid can only be equal or above the commission’s reserve price.

“Any person who places the highest bid for an asset will be declared the winner of the asset at the end of the auction.

“Upon declaration of winning bidder, a 100% payment via Remita, Retrieval Reference (RRR) to be issued by the auctioneer for direct payment to Government TSA.

“Successful bidder will have a 48 hours window to make full payment.”

The commission said the final forfeiture of the auctioned assets was in accordance with the EFCC (Establishment) Act, 2004, Public Procurement Act, 2007 and the Proceeds of Crime (Recovery and Management) Act, 2022.