Nigeria’s Anti-graft Agency, the Economic and Financial Crimes Commission, EFCC, says it has concluded plans to conduct the sale of properties which are subject to Final Forfeiture Orders.
A statement issued by its Spokesperson, Mr Wilson Uwujaren, disclosed that interested persons or organizations have until 12:00 noon Monday, 9th January, 2023 to submit their bids.
“The properties consisting of 61 Units of Luxury Apartments, Plots of Lands and Apartments across the country are being offered for sale in accordance with the Economic and Financial Crimes Commission (Establishment) Act, 2004, Public Procurement Act, 2007 and the Proceeds of Crime (Recovery and Management) Act, 2022.”
Mr Uwujaren said the distribution of the properties are: 24 Units of luxurious block of flats at Banana Island, Lagos, 21 Units of Luxury Terrace and Block of Flats at Thornburn, Yaba, Lagos, 16 Units of 4 Bedrooms Terrace Duplex at Heritage Court Estate, Port Harcourt.
He added that, others are Apartments and Plots of Land in Lagos State, Apartments and Plots of Land within Abuja Metropolis, Plots of land and Apartment in Anambra, Ebonyi and Gombe States, Apartments and Plot of Land in Kaduna, Delta and Edo States, Hotel, Plaza and Apartments in Kwara State as well as Apartments and Plots of land in Cross River, Osun and Oyo States.
“The auction is open to members of the public with the exception of individuals / corporate entities who have been / or are being prosecuted by the EFCC, Directors of such companies and employees of the EFCC.”
A competitive bidding process is being adopted for the disposal of the properties.
He further disclosed that the bid forms which can be downloaded from the EFCC website www.efcc.gov.ng must be submitted alongside 10% of the bid amount in Certified Bank Drafts payable to the Economic and Financial Crimes Commission.
“If the sum exceeds N10 million, multiple Certified Bank Drafts must be provided, drafts of unsuccessful bidders will be returned once the bidding process is concluded.”
According to him, a successful bidder will be required to pay the 90% outstanding balance of the bid price within 15 working days of the bid submission deadline, failing which the 10% deposit becomes non-refundable and the properties can be offered to other buyers.
The EFCC’S spokesperson said Payments shall be made to EFCC through the Remita platform adding that, Individuals occupying any of the properties listed may be given the Right of First Refusal provided they have a valid tenancy agreement, have paid rent up to date and must complete an Expression of Interest (EOI) Form which can be downloaded from the EFCC website: www.efcc.gov.ng
“Bids for properties must be sealed and submitted in the designated box at the following address: Economic and Financial Crimes Commission, Plot 301/302 Institutions and Research District, Jabi, Abuja.”
Uwujaren called on all bidders and their representatives to be present at the bid opening which will take place at the Convocation Ground, National Open University of Nigeria, opposite Economic and Financial Crimes Headquarters, Jabi, Abuja from Monday, 9th January 2023 to Friday, 13th January 2023.
He said, the highest bid for each property will emerge the winner subject to the highest bid being equal to or above the reserve price.
In the event of a tied bid at the bid opening or where none of the bids match or exceed the reserve price Uwujaren explained that bidders would be required to submit fresh bids at the opening as outcome of the fresh bid submissions will be announced at the bid opening.
The deadline for the submission of all bids is 12:00 noon Monday, 9th January 2023.
PIAK
