Global Upfront Newspapers
Cover News

EFCC Auctions 435 Cars Under Final Forfeiture Orders In Lagos

The Economic and Financial Crimes Commission, EFCC, has commenced the auction of a total of 435 cars, which are subjects of final forfeiture orders in Lagos, in line with the EFCC (Establishment) Act 2004; Public Procurement Act 2007 and the Proceeds of Crimes (Recovery and Management) Act 2022

The exercise scheduled to take place across the Commands of the Commission, started 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.

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, 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.

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 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.

Wilson Uwujaren

Head, Media & Publicity

December 7, 2022

Advertize With Us

See Also

NDLEA Intercepts 101 Parcels of Cocaine in Children Duvets at Lagos Airport

Global Upfront

Army Special Forces Destroy 13 Boko Haram/ISWAP Terrorists Enclaves in Sambisa Forest, Kill Scores, Rescue 550 Women, Children

Global Upfront

Soludo Orders Arrest Of 2 Anambra Billionaires Over Alleged Diversion Of State Revenue

Global Upfront

How Ukraine War Has Turned Africa Into A Geopolitical Battleground For China, Russia And US

Global Upfront

Canada opens door to permanent residence for 90,000 international graduates and temporary workers with one-time programme

Global Upfront

The Violence In Lagos And My Fears For The Future

Global Upfront

Brazil Shocker: Lula Wins Presidential Election, Ousting Incumbent Bolsonaro

Global Upfront

Terrorist attacks, banditry, kidnappings puts Nigeria in critical situation, says Defence Minister

Global Upfront

Negotiation with IPOB on board, says Governor Uzodinma

Global Upfront

The Long, Long Wait For A Diabetes Cure

Global Upfront

This website uses Cookies to improve User experience. We assume this is OK...If not, please opt-out! Accept Read More