CITIZENS COMPASS– THE Economic and Financial Crimes Commission (EFCC) on Wednesday, commenced the auctioning of 435 forfeited vehicles in Lagos.
The agency, in a statement signed by its Head, Media & Publicity, Mr. Wilson Uwujaren, said the vehicles were forfeited by the courts to the Federal Government on earlier in the day.
Nine auctioneers were allocated to the Lagos Zonal Command of the EFCC to dispose the 435 vehicles 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 were conspicuously displayed with allocated lot numbers for public inspection 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 spokesperson said 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 auctioning proper began Wednesday and continues till Thursday.