EFCC Conducts Public Auction Of Over 400 Forfeited Cars At Four Locations In Lagos

The Economic and Financial Crimes Commission (EFCC) begins public auction of over 400 cars at four locations in Lagos.

Cars subject of final forfeiture orders in accordance with its Est. Act 2004; Public Proc. Act 2007 and Proceeds of Crimes Act 2022

Exercise started on Tuesday December 6, 2022 in Lagos with inspection of items by members of the public.

The auction exercise began today, Wednesday, December 7 and continues on Thursday, December 8, 2022.

The Economic and Financial Crimes Commission (EFCC) has commenced the auction of a total of Four Hundred and Thirty-Five (435) vehicles at four different locations in Lagos, which were forfeited to the Federal Government.

The forfeited items were subject of final forfeiture orders in accordance with its Establishment Act, 2004, Public Procurement Act, 2007 and the Proceeds of Crime (Recovery and Management) Act, 2022.

The exercise started on Tuesday, December 6, 2022 in Lagos with inspection of items by members of the public, while the auction exercise began today, Wednesday, December 7 and continues on Thursday, December 8, 2022.

The vehicles are available in four different locations in Lagos : 40, Bourdillon Road, Ikoyi, Lagos; 15A Awolowo Road, Ikoyi, Lagos; 14 Cameroon Road, Ikoyi Lagos and CVU Obalende, Ikoyi, Lagos.

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Speaking during the opening ceremony yesterday, Dr.George Ekpungu, Secretary to the Commission and Chairman, EFCC Asset Disposal Committee, ADC, said :

“the exercise, which is the first of the planned auction of forfeited properties across EFCC Zonal Commands and EFCC Headquarters, is being carried out in accordance with the (Establishment) Act, 2004, Public Procurement Act, 2007 and Proceeds of Crimes (Recovery and Management) Act, 2022”.

“It is being conducted in conjunction with the Bureau of Public Procurement to ensure compliance with all extant laws”.

While welcoming the auctioneers to the Centre, he expressed his gratitude to sister agencies, including the Nigerian Army, who were invited to provide adequate security and ensure orderliness.

Ekpungu also appealed to the members of the public present at the auction to listen carefully to the auctioneers and comply with all stipulated guidelines.

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