EFCC To Auction ‘649 Vehicles, 15 Ships’ On Tuesday

The physical inspection and auction exercise of 649 forfeited vehicles and other assets is set to begin, according to the Economic and Financial Crimes Commission (EFCC).

On Friday, the EFCC released an advertorial in some national newspapers that contained information about the activity.

The drill will take place on Tuesday at the anti-graft agency’s offices spread across nine states, according to the agency.

Abuja, Uyo, Enugu, Kano, Lagos, Benin, Ibadan, Port Harcourt, and Sokoto are the locations of the offices. The EFCC said in the advertorial that the confiscated property included 649 cars, 52 mobile devices, and 15 ships.

The vessel and barge auction exercise would take place online between December 6 and December 7 at www.iNaira.com and www.rihago.com, it was added.

“The auction is open to the general public throughout Nigeria for the duration of the bidding period stated above. Asset viewing free at asset location,” the advertorial reads.

“Prospective bidders will only be granted viewing access to view the lots at the asset location from 8:30 am to 4:30 pm on viewing days.

“The assets will be sold AS IS and WHERE IS in their current condition and location. No asset will be sold below its reserve price.

“A winning bid can only be equal to or above the commission’s reserve price.

“Any person who places the highest bid for an asset will be declared the winner of the asset at the end of the auction.

“Upon declaration of winning bidder, a 100% payment via Remita, Retrieval Reference (RRR) to be issued by the auctioneer for direct payment to Government TSA.

“Successful bidder will have a 48 hours window to make full payment.”

The EFCC (Establishment) Act of 2004, the Public Procurement Act of 2007, and the Proceeds of Crime (Recovery and Management) Act of 2022, according to the agency, are all followed by the final forfeiture of the assets sold at auction.

THE AUCTION’S COMPLETE DETAILS CAN BE FOUND HERE: