The Economic and Financial Crimes Commission (EFCC) on Wednesday began the auctioning of 435 forfeited cars in Lagos.
A spokesman for the agency, Wilson Uwujaren, disclosed this in a statement, saying the auctioning exercise for forfeited assets would take place across its commands.
Noting that the vehicles were forfeited to the Federal Government because of criminal activity, Uwujaren stated that said the exercise started on Tuesday in the nation’s commercial capital.
According to him, the cars are subjects of final forfeiture orders of court in Lagos. The exercise, he added, was in line with the EFCC (Establishment) Act 2004; Public Procurement Act 2007 and the Proceeds of Crimes (Recovery and Management) Act 2022.
Channels Television reports that the cars to be auctioned are available in four locations in Lagos: 40, Bourdillon Road, Ikoyi, Lagos; 15A Awolowo Road, Ikoyi, Lagos; 14 Cameroon Road, Ikoyi Lagos and CVU Obalende, Ikoyi, Lagos.
EFCC Secretary and chairman, Asset Disposal Committee (ADC), George Ekpungu, who spoke during the opening ceremony said that the exercise was conducted in conjunction with the Bureau of Public Procurement.
“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,” Ekpungu said.
“It is being conducted in conjunction with the Bureau of Public Procurement to ensure compliance with all extant laws.”
He welcomed the auctioneers to the Centre, commending security 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.