37.3 C
Abuja

EFCC commences public auction of over 400 forfeited cars in Lagos

Advertisement

Related

Advertisement
Advertisement

THE Economic and Financial Crimes Commission (EFCC) has commenced the auction of 435 cars, which are subjects of final forfeiture orders in Lagos.

The agency said the exercise is being done in line with the EFCC (Establishment) Act 2004, Public Procurement Act 2007, and the Proceeds of Crimes (Recovery and Management) Act 2022.


READ ALSO:

N544m contract fraud: EFCC loses as court discharges ex-SGF Babachir Lawal

Naira redesign: EFCC promises 5% reward for information on hidden money

Arrest of bureau de change operators done to sanitise Nigeria’s FX market – EFCC

Alleged N400m Fraud: Olisa Metuh’s case not struck out by court – EFCC


- Advertisement -

According to the EFCC, the exercise scheduled to take place across the Commands of the Commission, started on Tuesday, December 6, 2022 in Lagos with the inspection of items by members of the public, while the auction exercise began today, Wednesday, December 7 and would continue on Thursday, December 8, 2022.

The items are available in four locations: 40 Bourdillon Road, Ikoyi, Lagos; 15A Awolowo Road, Ikoyi, Lagos; 14 Cameroon Road, Ikoyi Lagos; and CVU Obalende, Ikoyi, Lagos.

One of the EFCC car auction venues in Lagos
One of the EFCC car auction venues in Lagos

The secretary to the Commission and chairman of the EFCC Asset Disposal Committee, George Ekpungu, said yesterday at the opening ceremony, “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, who were invited to provide adequate security and ensure orderliness.

He also appealed to members of the public who were present at the auction to listen carefully to the auctioneers and comply with all stipulated guidelines.

The nine auctioneers allocated to the Lagos Zonal Command of the EFCC to dispose of the 435 cars at the designated centre on 14, Cameron Road, Ikoyi, Lagos, are Rihanna Auction Limited; Kamyus Consult Limited; Areogun Resources Limited; BIS N JEG; Integrated Services Nig.Ltd; Mau & Sons Ltd.; Langar Aghaji & Co.; Fagobe Company Ltd and Musa Kira and Co.

The cars, which pictures were conspicuously displayed with allocated lot numbers for public inspection, were assigned to auctioneers based on assessed values and an open ballot system.

- Advertisement -

The Commission said the display allowed interested bidders to view and indicate interest in any car of their choice.

Author profile

A reporter with the ICIR
A Journalist with a niche for quality and a promoter of good governance

Support the ICIR

We invite you to support us to continue the work we do.

Your support will strengthen journalism in Nigeria and help sustain our democracy.

[molongui_author_box]

If you or someone you know has a lead, tip or personal experience about this report, our WhatsApp line is open and confidential for a conversation

Advertisement

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Support the ICIR

We need your support to produce excellent journalism at all times.

spot_img
Advertisement

Recent

$1.32m fraud: Lawyer’s absence stalls arraignment of Senatorial candidate

THE absence of the defense counsel has stalled the arraignment of the Kano Central...

NCDC warns of high risk of Lassa fever transmission

Nigeria Centre for Disease Control (NCDC) has warned that the country is at a...

Countries not prepared for future pandemics — IFRC

THE International Federation of the Red Cross and Red Crescent Societies (IFRC) has said...

NRC to resume Abuja-Kaduna railway operations

THE Nigerian Railway Corporation (NRC) has said services along the Abuja-Kaduna rail lines would...

Fallen container: Sanwo-Olu orders probe

LAGOS State governor, Babajide Sanwo-Olu, has ordered a thorough investigation into the fallen container...
Advertisement

Most Read

Advertisement

Subscribe to our newsletter

Advertisement