EFCC Rejects Bids For Forfeited Property, Extends Deadline

The Economic and Financial Crimes Commission (EFCC) has disqualified the bids for some forfeited houses and landed property over what it described as “failure to match the reserve price or for violation of the guidelines.”

Daily Trust reports that the sealed bidding exercise which began late last year commenced its physical aspect on Monday at the premises of the National Open University, Jabi Abuja near the commission’s headquarters.

Speaking to journalists during the exercise, the secretary of the commission, George Ekpungu, announced the threshold for the bidding.

At the end of the exercise, the spokesman of the commission, Wilson Uwujaren, explained that there was no successful bidder from any of the Lot 1 to 3.

He, however, announced the extension of the bidding exercise till Friday.

“None of the properties in the three Lots (Lots 1, 2, and 3) slated for sale by competitive bidding, were taken as the bids were unsuccessful.

“The bidders either failed to match the reserve price or were disqualified for violation of the guidelines.

“In view of this development, and in line with the commission’s commitment to transparent disposal of the assets, EFCC is constrained to re-open fresh bids for the assets in the three lots as earlier advertised.

“Prospective bidders for the assets in Lots 2 and 3 have until 5 pm on Wednesday, January 11, 2022, to submit their bids while the bids will be opened on Thursday, January 12, 2023.

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“Bids for the assets in Lot 1 will open from today, January 9, till 12pm on Friday, January 13, 2023, and the bids will be opened on the same date.

“It is important to emphasize that the assets in Lot 1 will be offered for sale as a single unit. Bidders are reminded that failure to include the requisite 10% bank draft for the bid amount will invalidate their offer.”