EFCC auctions 435 forfeited cars in Lagos
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The Economic and Financial Crimes Commission (EFCC) in Lagos commenced the auction of 435 cars which were forfeited by the courts to the Federal Government on Wednesday.
Nine auctioneers 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.
They 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, whose pictures were conspicuously displayed with allocated lot numbers for public inspection, were allocated to auctioneers based on assessed values and an open ballot system.
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The display was to provide an opportunity for interested bidders to view and indicate interest in any car of their choice.
The agency, in a statement by its Head, Media & Publicity, Mr. Wilson Uwujaren, explained that the move was in line with the EFCC (Establishment) Act 2004; Public Procurement Act 2007, and the Proceeds of Crimes (Recovery and Management) Act 2022.
