*Commission staff, persons, and groups barred by forfeiture order not to participate
The Economic and Financial Crimes Commission, EFCC, says 649 forfeited vehicles located in its offices across nine states and the Federal Capital Territory will be physically inspected and put up for auction on Tuesday.
The EFCC offices are located in Abuja, Uyo, Enugu, Kano, Lagos, Benin, Ibadan, Port Harcourt, and Sokoto.
The EFCC announced in an advertisement published in some dailies on Friday that the items subject to final forfeiture orders would be sold at physical and online auctions starting on Tuesday in line with its Establishment Act of 2004 and the Public Procurement Act of 2007 as well as the Proceeds of Crime (Recovery and Management) Act of 2022.
Image:TheCable
The advertisement included the items up for bid in each state, as well as the dates, locations, and websites where bidders may view online the items up for electronic auctioning.
The commission said that prospective bidders will only be given viewing access on viewing days to view the lots at the asset location from 8:30 am to 4:30 pm.
"Asset viewing is free at the asset locations.
“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 bidders will have a 48 hours window to make full payment," the Commission stated.
The physical auction in Sokoto and Ilorin, respectively, is planned to take place on December 20, 2022, after which the exercise, which will be held in various and concurrent locations across the affected states and the FCT, would conclude.
The exercise will be carried out by the commission's approved auctioneers and will also involve the sale of 15 vessels and barges in Rivers, Delta, and Lagos states as well as about 39 mobile phones, 11 computers, and other devices.
In the meantime, Lagos has 438, the highest number of vehicles up for sale, followed by Ibadan, Oyo State, with 80 vehicles, Port Harcourt, Rivers State, with 45 vehicles, and the Federal Capital Territory, with 35 vehicles, according to The PUNCH.
There are also 20 vehicles in Benin, Edo State; 11 vehicles in Uyo, Akwa Ibom State; 9 vehicles in Enugu; 7 vehicles in Ilorin, Kwara State; and 2 vehicles each in Kano and Sokoto. Exotic cars, pricey sport utility vehicles, trucks, buses, and saloon cars are just a few of the vehicles that will be auctioned off.
Mercedes-Benz G-Wagon GLK, 4matic, ML, and CLA models; BMW X6, 525i, and other models; Range Rover and Land Rover SUVs; Porsche; Toyota Land Cruiser, Toyota Prado; Lexus LX 570; RX 350; and other expensive models.
Different models of Toyota, Lexus, Mercedes Benz, Honda, Acura, Mitsubishi, Volkswagen, Audi, Nissan, Infinity, Mazda, and many other SUVs, space wagons, and saloon cars are included in the lengthy list.
A range of laptops, including the Apple Macbook, iPhones, Samsung phones, and others, would also be placed up for sale, according to the advertorial.
The commission noted, “The auction is open to the general public throughout Nigeria for the duration of the bidding period, except staff of the commission and persons, groups, or organizations against whom the forfeiture order was made.
Economy
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