The Economic and Financial Crimes Commission (EFCC) has commenced the auction of over 400 cars that are subject to final forfeiture orders in Lagos. These cars are being sold through the agency’s auction platform.
According to Wilson Uwujaren, the Head, of Media and Publicity of the Economic and Financial Crimes Commission (EFCC), the commission’s exercise across different command areas started on December 6, 2022. The inspection and auction of items started on December 7, 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.
“Speaking during the opening ceremony yesterday, Dr George Ekpungu, Secretary to the Commission and Chairman, EFCC Asset Disposal Committee, ADC, noted that 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.
“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 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 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 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.”
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