The Economic and Financial Crimes Commission on Wednesday commenced the auction of 435 vehicles forfeited to the Federal Government at four different locations in Lagos.
The auction held in four Lagos locations (40, Bourdillon Road, Ikoyi, Lagos; 15A Awolowo Road, Ikoyi, Lagos; 14 Cameroon Road, Ikoyi Lagos and CVU Obalende, Ikoyi, Lagos) will be concluded Thursday December 08, 2022.
The exercise commenced with the inspection of items by members of the public on December 06, 2022 in Lagos and scheduled to take place across the various commands of the commission.
The exercise is said to be in line with the EFCC (Establishment) Act 2004; Public Procurement Act 2007 and the Proceeds of Crimes (Recovery and Management) Act 2022.
Dr George Ekpungu, Secretary to the Commission and Chairman, EFCC Asset Disposal Committee, said, “The exercise is the first of the planned auction of forfeited properties across EFCC Zonal Commands and EFCC headquarters.
“It is being conducted in conjunction with the Bureau of Public Procurement to ensure compliance with all extant laws.”
Ekpungu, welcoming the auctioneers to the centre, expressed his gratitude to sister agencies, including the Nigerian Army, invited to provide adequate security and ensure orderliness.
He also appealed to members of the public present at the auction to listen carefully to the auctioneers and comply with all stipulated guidelines.
Nine auctioneers allocated to the Lagos Zonal Command of the EFCC to dispose of the cars are Rihanna Auction Limited, Kamyus Consult Limited; Areogun Resources Limited and BIS N JEG.
Others are Integrated Services Nig.Ltd; Mau & Sons Ltd; Langar Aghaji & Co; Fagobe Company Ltd and Musa Kira and Co.
The cars were allocated to auctioneers based on assessed values and open ballot system.
Pictures of the cars were displayed with allocated lot numbers for public inspection.
The display was to provide an opportunity for interested bidders to view and indicate interest in any car of their choice.
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