The Economic and Financial Crimes Commission, EFCC has commenced the auction of a total of 435 cars which are subjects of final forfeiture orders in Lagos, in line with the EFCC Establishment Act 2004, Public Procurement Act 2007 and the Proceeds of Crimes Recovery and Management Act 2022.
This is contained in a Statement by the Commission. The Commission says the exercise scheduled to take place across its Commands started on December 6, 2022, in Lagos with the inspection of items by members of the public, while the auction exercise began on Wednesday and would run till Thursday.
The Commission explains that the items are available in four locations which are, 40, Bourdillon Road, Ikoyi, Lagos; 15A Awolowo Road, Ikoyi, Lagos; 14 Cameroon Road, Ikoyi Lagos and CVU Obalende, Ikoyi, Lagos.
Speaking during the opening ceremony, the Secretary to the Commission and Chairman, of the EFCC Asset Disposal Committee, George Ekpungu said the exercise which is the first of the planned auction of forfeited properties across EFCC Zonal Commands and EFCC Headquarters is being carried out in accordance with the Law guiding the operations of the EFCC.
While welcoming the auctioneers to the Centre, he expressed his gratitude to sister agencies, including the Nigerian Army, who were invited to provide adequate security and ensure orderliness.
Ekpungu also appealed to the members of the public present to listen carefully to the auctioneers and comply with all stipulated guidelines.
Nine auctioneers are allocated to the Lagos Zonal Command of the EFCC to dispose the 435 cars at the designated Centre on 14 Cameron Road, Ikoyi, Lagos, 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 Statement added that the cars whose pictures were conspicuously displayed with allocated lot numbers for public inspection were allocated to auctioneers based on assessed values and an open ballot system.
The Commission says the display was to provide an opportunity for interested bidders to view and indicate interest in any car of their choice.
Editor : Ena Agbanoma
