EFCC Auctions Seven Confiscated Cars in Kwara
The Economic and Financial Crimes Commission on Monday launched the auction of seven cars, which were subject to final confiscation orders, with inspection of the items by members of the public in Ilorin, capital of the Kwara State.
The items up for auction are the 2007 Lexus IS350 model, the 2010 Toyota Venza model, the 2007 white Mercedes Benz model, the 2005 Porche gold model, the 2008 Toyota Camry red model, the 2007 Honda Accord gray model and the Ash Toyota Camry 2009.< /p>
Photos of the cars have been prominently displayed with allocated lot numbers for public inspection at No 11, Catchment Road, Adjacent Noktel Hotel, GRA, Ilorin to allow interested bidders to view and indicate their interest for the car of their choice.
Speaking briefly before the inspection, Zonal Commander, Ilorin Zonal Command of EFCC, Michael Nzekwe said the auction was being conducted in conjunction with the Public Procurement Office to ensure compliance with all applicable laws.
He explained that the exercise, which was a continuation of the planned auction for all Commission commands, was carried out in accordance with the EFCC (Establishment) Act 2004; Public Procurement Act 2007 and Proceeds of Crime (Collection and Management) Act 2022.
According to him, the cars would be auctioned tomorrow, Tuesday, December 20, 2022, based on estimated values and an open bidding system.
"The exercise is going to last 2 days, i.e. today and tomorrow. We have seven vehicles up for auction as you can see. The process is to inspect the items to make a choice and then Check back tomorrow for auction. Item is awarded to the highest bidder and winner must make payment within 48 hours.
“Let me also add that you do not need to know anyone to participate in the auction. The EFCC has no interest in this process. come from the auctioneers from the Bureau of Public Procurement, BPP, and we are on the ground supervising what they are doing, while the Nigerians are also supervising what we are doing as EFCC, to check the process and make sure that everything is transparent,” Michael said.
He called on members of the public interested in the auction to listen carefully to auctioneers and to comply with all stipulated guidelines for a transparent auction.
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 instructed bidders to be disciplined and follow approved guidelines for transparent bidding.
The inspection process, which took place under very strict security, saw a large influx of people and was monitored by members of the public, including NGOs and the press .
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The Economic and Financial Crimes Commission on Monday launched the auction of seven cars, which were subject to final confiscation orders, with inspection of the items by members of the public in Ilorin, capital of the Kwara State.
The items up for auction are the 2007 Lexus IS350 model, the 2010 Toyota Venza model, the 2007 white Mercedes Benz model, the 2005 Porche gold model, the 2008 Toyota Camry red model, the 2007 Honda Accord gray model and the Ash Toyota Camry 2009.< /p>
Photos of the cars have been prominently displayed with allocated lot numbers for public inspection at No 11, Catchment Road, Adjacent Noktel Hotel, GRA, Ilorin to allow interested bidders to view and indicate their interest for the car of their choice.
Speaking briefly before the inspection, Zonal Commander, Ilorin Zonal Command of EFCC, Michael Nzekwe said the auction was being conducted in conjunction with the Public Procurement Office to ensure compliance with all applicable laws.
He explained that the exercise, which was a continuation of the planned auction for all Commission commands, was carried out in accordance with the EFCC (Establishment) Act 2004; Public Procurement Act 2007 and Proceeds of Crime (Collection and Management) Act 2022.
According to him, the cars would be auctioned tomorrow, Tuesday, December 20, 2022, based on estimated values and an open bidding system.
"The exercise is going to last 2 days, i.e. today and tomorrow. We have seven vehicles up for auction as you can see. The process is to inspect the items to make a choice and then Check back tomorrow for auction. Item is awarded to the highest bidder and winner must make payment within 48 hours.
“Let me also add that you do not need to know anyone to participate in the auction. The EFCC has no interest in this process. come from the auctioneers from the Bureau of Public Procurement, BPP, and we are on the ground supervising what they are doing, while the Nigerians are also supervising what we are doing as EFCC, to check the process and make sure that everything is transparent,” Michael said.
He called on members of the public interested in the auction to listen carefully to auctioneers and to comply with all stipulated guidelines for a transparent auction.
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 instructed bidders to be disciplined and follow approved guidelines for transparent bidding.
The inspection process, which took place under very strict security, saw a large influx of people and was monitored by members of the public, including NGOs and the press .
Please share this story:
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