Home News ‘649 Vehicles, 15 Ships’ – EFCC To Auction Forfeited Assets Tuesday

‘649 Vehicles, 15 Ships’ – EFCC To Auction Forfeited Assets Tuesday


‘649 Vehicles, 15 Ships’ – EFCC To Auction Forfeited Assets Tuesday

The Economic and Financial Crimes Commission (EFCC) says it will commence physical inspection and auction exercise of 649 forfeited vehicles and other assets.

EFCC announced the details of the exercise in an advertorial published in some national newspapers on Friday.

According to the anti-graft agency, the exercise will hold on Tuesday at its offices across nine states.

The offices are located in Abuja, Uyo, Enugu, Kano, Lagos, Benin, Ibadan, Port Harcourt, and Sokoto.

In the advertorial, EFCC said the forfeited assets include 649 vehicles, 52 mobile gadgets and 15 ships.

It added that the auction exercise of vessels and barges would hold online at www.iNaira.com and www.rihago.com on December 6 to December 7.

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“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 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.

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“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 commission said the final forfeiture of the auctioned assets is in accordance with the EFCC (Establishment) Act, 2004, Public Procurement Act, 2007 and the Proceeds of Crime (Recovery and Management) Act, 2022.

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