EFCC Begins Auction Of Forfeited Vehicles


The Operatives of Economic and Financial Crimes Commission (EFCC) on Thursday, 19th December, 2019 commenced processes involved in the auctioning of Two hundred and forty four (244) vehicles forfeited to the Federal Government by illegal oil dealers and other unlawful activities.

This auction exercise was flagged-off by Ola Olukoyede, the secretary of the commission, 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: JN Enedo Nig. Ltd; FSS Nigeria Limited; Jagsul Nigeria Ltd; Auspex Global Ssrvices; Fagobe Company Ltd; Musa Kura & Co; Jfdor International Limited; Tojugnonyen Auctioneering Co. Ltd, Amijapp Nigeria Ltd, Rihago Auctioning Ltd and Soldap Integrated System.

Representatives of all the shortlisted auctioneers were present to select their choice from an open container publicly displayed at the Police Officers Wives Association open ground.

Remarking on the bidding slots, two of the shortlisted auctioneers that spoke on behalf of others, expressed satisfaction with the processes involved in picking the slots.

Seye Morgan, Chief Auctioneer, Rihago Auction Limited, applauded the EFCC for “running such transparent and plausible bidding. We are really surprised at the level of sincerity and transparency that was demonstrated in picking of the slots.

Another auctioneer by name; Torisheju Ugbonyen, said that; the transparency of picking slots compensated for the period of waiting for the processes to commence. The commission has shown that it is indeed an anti-corruption agency.

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

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


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