Mon. Feb 26th, 2024

EFCC commences auction of forfeited vehicles

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The Economic and Financial Crimes Commission (EFCC) on Thursday, December 19, 2019 commenced processes involved in the auctioning of 244 vehicles forfeited to the federal government by illegal oil dealers.

The exercise was flagged-off by the commission’s secretary, Ola Olukoyede, together with a team of senior officers of the EFCC.

The initial auctioning processes took off at the premises of the Police Officers Wives Association, POWA’s open ground in the old Government Reservation Area, G.R.A, Port Harcourt, Rivers State.

The processes involved allocation of bidding slots to registered auctioneers. Eleven (11) registered auctioneers were shortlisted for the exercise and they include: Musa Kura & Co; FSS Nigeria Limited; Auspex Global Ssrvices; Jfdor International Limited; JN Enedo Nig. Ltd; Jagsul Nigeria Ltd; Soldap Integrated System; Fagobe Company Ltd; Amijapp Nigeria Ltd, Rihago Auctioning Ltd and Tojugnonyen Auctioneering Co. Ltd.

Representatives of all the shortlisted auctioneers were present to pick slots from an open container publicly displayed at the POWA’s open ground.

Commenting on the bidding slots, two of the shortlisted auctioneers that spoke for the rest, expressed satisfaction with the processes involved in picking the slots.

Seye Morgan, Chief Auctioneer, Rihago Auction Limited, commended the EFCC for “running such transparent and credible bidding. We are really surprised at the level of openness and transparency demonstrated in picking slots”, he said.

Torisheju Ugbonyen, another auctioneer, said that “the transparency of picking slots compensated for the period of waiting for the processes to commence. EFCC has shown that it is indeed an anti-corruption agency”.

The next process involved in the auction of the vehicles is actual buying by interested members of the public. The auctioneers have already begun the process by displaying the vehicles on open boards.

The vehicles being publicly auctioned were forfeited to the government through the ruling of a Federal High Court sitting in Port Harcourt, Rivers State. The forfeiture order was granted by Justice I. M Sani on July 5, 2019. The auction of the vehicles is being conducted by the EFCC in conjunction with the Deputy Chief Registrar of the Federal High Court and the Department of Petroleum Resources

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