EFCC conducts public auction of over 400 Cars

Nigeria’s Anti-graft Agency, the Economic and Financial Crimes Commission, (EFCC), has commenced the auction of a total of 435 cars.

The auction is subjects of final forfeiture orders in Lagos state, in line with the EFCC (Establishment) Act 2004, Public Procurement Act 2007 and the Proceeds of Crimes (Recovery and Management) Act 2022.

A press statement by commission’s spokesperson, Mr Wilson Uwujaren said, the exercise scheduled to take place across the Commands of the Commission, began on Tuesday, December 6, 2022 in Lagos with inspection of items by members of the public, while the auction exercise began today, Wednesday, December 7 and continues on Thursday, December 8, 2022.

Uwujaren said 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.

Meanwhile, the Secretary to the Commission and Chairman, EFCC Asset Disposal Committee, ADC Dr.George Ekpungu during the opening ceremony in Lagos, 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 (Establishment) Act, 2004, Public Procurement Act, 2007 and Proceeds of Crimes (Recovery and Management) Act, 2022.

“It is being conducted in conjunction with the Bureau of Public Procurement to ensure compliance with all extant laws”.

Ekpungu appealed to the members of the public present at the auction to listen carefully to the auctioneers and comply with all stipulated guidelines.

The nine auctioneers who were allocated to the Lagos Zonal Command of the EFCC to dispose of the 435 cars at 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 allocated to auctioneers based on assessed values and open ballot system.

The display was to provide an opportunity for interested bidders to view and indicate interest in any car of their choice.