EFCC auctions seven forfeited cars in Ilorin

By Mosunmola Ayobami, Ilorin

The Economic and Financial Crimes Commission (EFCC), on Monday, commenced the auctioning of seven cars, which are subjects of final forfeiture orders in Ilorin, the Kwara State.

The exercise, which is a continuation of the auction scheduled to take place across the Commission’s offices, was done in line with the EFCC (Establishment) Act 2004; Public Procurement Act 2007 and the Proceeds of Crimes (Recovery and Management) Act 2022.

The items to be auctioned are Lexus IS350 2007 model, Toyota Venza 2010 model, Mercedes Benz 2007 model, Gold Porche 2005 model, Toyota Camry 2008 model, Honda Accord 2007 model and Toyota Camry 2009 model. 

The cars’ pictures were conspicuously displayed with allocated lot numbers for public inspection at No 11, Catchment Road, Adjacent Noktel Hotel, GRA, Ilorin to provide opportunity for interested bidders to view and indicate interest in any car of their choice.

In his remarks before the inspection, the Zonal Commander, Ilorin Zonal Command of the EFCC, Michael Nzekwe, said the auctioning was being conducted in conjunction with the Bureau of Public Procurement to ensure compliance with all extant laws.

According to him, the cars would be auctioned on Tuesday, December 20, based on assessed values and open bidding system.

“The exercise is going to run for two days, that is today (Monday) and tomorrow (Tuesday). We have seven vehicles for auction as you can see. The process is that you inspect the items to make a choice and then come back tomorrow for the bidding.  The item goes for the highest bidder and the winner will have to make payment within 48 hours.

“Let me also add that, you don’t have to know anybody to participate in the auction. The EFCC has no interest in this process. That is why we brought auctioneers from Bureau for Public Procurement, BPP, and we are on ground to supervise what they are doing, while Nigerians also supervise what we are doing as EFCC, to check the process and make sure that everything is transparent,” Nzekwe stated.  

Also speaking, the auctioneer, Jerome Itepu, Executive Director, Trevamtech K&G Limited assured members of the public that the process would be open and transparent.

He charged the bidders to be disciplined and follow the approved guidelines for a seamless auction.

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