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EFCC Auctions Off Over 190 Forfeited Vehicles In Abuja, Ibadan, Port Harcourt, Benin, Uyo
Economic and Financial Crimes Commission auctions off over 190 forfeited vehicles in Abuja, Ibadan, Port Harcourt, Benin and Uyo.
Exercise preceded by public inspection of the displayed photographs of the assets on Monday December 12th, 2022.
Nine cars and two trucks changed hands during a 3-hour exercise conducted by auctioneer, Trevamteck K & G Limited, in Uyo.
The Economic and Financial Crimes Commission (EFCC) on Tuesday December 13, 2022 conducted a public auction of over 190 vehicles and electronic devices at its Zonal Offices in Abuja, Benin, Port Harcourt, Kano, Ibadan and Uyo.
The exercise was preceded by public inspection of the displayed photographs of the assets on Monday December 12th, 2022, where potential bidders viewed and identified the vehicles of their choice.
The auction proper commenced in the early hours of Tuesday, December 13, 2022 with various licensed auctioneers taking charge of the exercise at the designated centres.
At Paragon Demonstration School, Limit Road, Benin City, scores of potential buyers bid competitively for the 20 vehicles slated for auction. The process began at 10.am with the auctioneer putting the first car on sale to the highest bidder.
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Kelly Osunbor, a human rights activist who observed the process commended the Commission for the transparency process. According to him, the open bidding gives credibility to the process.
But one of the bidders, Odiase Itua, called for a limit to the amount people can bid. According to him, some bidders intentionally raised the stake to frustrate others from winning. “I was shocked by what I saw. The amount was too much,” he said.
The exercise in Uyo took place at the National Agricultural Land Development Authority (NALDA) along 4 lanes in Uyo, Akwa Ibom State. Nine cars and two trucks changed hands during the 3-hour transparent bidding process conducted by auctioneer, Trevamteck K & G Limited.
Dr. Nnamdi Enenwa who won a Mercedes-Benz C-Class said he was impressed with how the Commission conducted the exercise. “I was here at the venue yesterday during the inspection and today we came back for the auction exercise and it went very well. It was really well organized” he said.
