EFCC Auctions 435 Cars in Lagos [Photos]

December 7, 2022
auctions 435 cars

By Modupe Gbadeyanka

About 435 cars will be auctioned by the Economic and Financial Crimes Commission (EFCC) in Lagos between Wednesday, December 7 and Thursday, December 8, 2022.

A statement issued by the commission said this is in line with the EFCC (Establishment) Act 2004, Public Procurement Act 2007, and the Proceeds of Crimes (Recovery and Management) Act 2022.

The vehicles are among those forfeited by corrupt persons, and the courts have given the agency the authority to seize them.

The cars, which pictures were conspicuously displayed with allocated lot numbers for public inspection, were allocated to auctioneers based on assessed values and an open ballot system.

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

In the statement released today, the EFCC said Nigerians would be able to acquire the cars through auction at 40 Bourdillon Road, Ikoyi, Lagos; 15A Awolowo Road, Ikoyi, Lagos; 14 Cameroon Road, Ikoyi Lagos and CVU Obalende, Ikoyi, Lagos.

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 Nigeria Ltd; Mau & Sons Ltd; Langar Aghaji & Co; Fagobe Company Ltd and Musa Kira and Co.

At the inspection of the items for sale on Tuesday in Lagos, the Secretary to the Commission and Chairman of EFCC Asset Disposal Committee (ADC), Mr George Ekpungu, 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.”

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.

Mr 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.

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Modupe Gbadeyanka

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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