The Economic and FinanCrimes Commission in Lagos has commenced the auction of 435 cars which were forfeited by the courts to the Federal Government yesterday.
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.
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.
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.
The exercise, scheduled to take place across the Commands of the Commission across the country, started on Tuesday, December 6, 2022, in Lagos with an inspection of items by members of the public.
The auction exercise proper began Wednesday and continues till Thursday.
The items are available in four locations: 40, Bourdillon Road, Ikoyi, Lagos; 15A Awolowo Road, Ikoyi, Lagos; 14 Cameron Road, Ikoyi Lagos and CVU Obalende, Ikoyi, Lagos.
While welcoming the auctioneers to the Centre, he expressed 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.
