On Wednesday, the 7th of December, The Economic and Financial Crimes Commission (EFCC) began the auctioning of 435 forfeited vehicles in Lagos.
In a statement, agency spokesperson Wilson Uwujaren said the exercise to auction off forfeited property would occur across all of the agency’s commands.
Uwujaren noted that the automobiles had been forfeited to the federal government due to criminal behaviour and that the operation had begun on Tuesday in the nation’s commercial metropolis.
He claims that final forfeiture orders issued by a Lagos court pertain to the autos. The EFCC (Establishment) Act of 2004, the Public Procurement Act of 2007, and the Proceeds of Crimes (Recovery and Management) Act of 2022 were all followed throughout the procedure.
Where EFCC will auction the vehicles in Lagos
According to reports, there are four places in Lagos where the vehicles up for auction may be found: CVU Obalende, Ikoyi, Lagos; 40, Bourdillon Road, Ikoyi, Lagos; 15A Awolowo Road, Ikoyi, Lagos; and 14 Cameroon Road, Ikoyi, Lagos.
George Ekpungu, the EFCC Secretary and the chairman of the Asset Disposal Committee (ADC), stated during the opening ceremony that the activity was carried out in collaboration with the Bureau of Public Procurement.
“The exercise, which is the first of the planned auction of forfeited properties across EFCC Zonal Commands and EFCC Headquarters, is being carried out following the (Establishment) Act, 2004, Public Procurement Act, 2007 and Proceeds of Crimes (Recovery and Management) Act, 2022,” Ekpungu said.
“It is being conducted in conjunction with the Bureau of Public Procurement to ensure compliance with all extant laws.”
He greeted the auctioneers and commended the security organisations—including the Nigerian Army—invited to provide proper security and maintain order.
Ekpungu also urged the attendees of the auction to pay close attention to the auctioneers’ instructions and follow all set rules.
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