The Economic and Financial Crimes Commission, EFCC on Monday began the auction of seven forfeited cars.
The exercise commenced with inspection of the items by bidders in Ilorin, Kwara State Capital.
The vehicles on auction include Lexus IS350 2007 model, Toyota Venza 2010 model, white Mercedes Benz 2007 model, gold Porche 2005 model, red Toyota Camry 2008 model, grey Honda Accord 2007 model, and ash Toyota Camry 2009 model.
The cars’ pictures were conspicuously displayed at No 11, Catchment Road, Adjacent Noktel Hotel, GRA, Ilorin to acquaint bidders with the items.
The Zonal Commander, Ilorin Zonal Command of the EFCC, Michael Nzekwe, while addressing pressmen before the exercise, noted that EFCC collaborated with the Bureau of Public Procurement to ensure strict adherence to all extant laws.
He furthered that the auction, is in line with the EFCC (Establishment) Act 2004; Public Procurement Act 2007, and the Proceeds of Crimes (Recovery and Management) Act 2022.
According to him, the auction proper would officially commence tomorrow, Tuesday, December 20, 2022, based on assessed values and an open bidding system.
“The exercise is going to run for 2 days, that is today and tomorrow. 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,” Michael stated.