After receiving final forfeiture orders, the Economic and Financial Crimes Commission (EFCC) started selling 435 cars at auction in Lagos.
The EFCC Establishment Act of 2004, the Public Procurement Act of 2007, and the Proceeds of Crimes (Recovery and Management) Act of 2022 are all in compliance with the exercise, which got underway on Wednesday.
The exercise is the first phase of the “planned sale of confiscated properties throughout EFCC zonal commands and EFCC headquarters,” according to George Ekpungu, the EFCC’s secretary.
Ekpungu continued, “It is being carried out in collaboration with the Bureau of Public Procurement to guarantee compliance with all applicable legislation.
The commodities are accessible at the following four locations: CVU Obalende, Ikoyi, Lagos; 40, Bourdillon Road, Ikoyi, Lagos; 15A Awolowo Road, Ikoyi, Lagos.
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. are the nine auctioneers chosen by the EFCC’s Lagos zonal headquarters to sell the 435 cars.