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EFCC Auctions Hundreds of Vehicles Across Nigeria

Over 190 vehicles and electronic devices were auctioned by the Economic and Financial Crimes Commission, EFCC, on Tuesday at its Zonal Offices in Abuja, Benin, Port Harcourt, Kano, Ibadan, and Uyo.


The exercise followed a public inspection of the displayed photographs of the assets on Monday, December 12, 2022, where potential bidders viewed and identified the vehicles of their choice.


The auction commenced in the early hours of Tuesday, with various licensed auctioneers taking charge of the exercise at the designated centers.

 EFCC Auctions Hundreds of Vehicles Across Nigeria (News Central TV)

EFCC Spokesperson, Wilson Uwujaren, disclosed this in a statement on Tuesday.


At Paragon Demonstration School, Limit Road, Benin City, scores of potential buyers bid competitively for the 20 vehicles slated for auction at 10:am with the auctioneer putting the first car on sale to the highest bidder.


An observer, Kelly Osunbor, a human rights activist commended the Commission for the transparency of the process.


One of the bidders, Odiase Itua, suggested a limit to the amount people can bid. According to him, some bidders intentionally raised the stake to frustrate others from winning. “I was shocked by what I saw. The amount was too large,” he said.


In Ibadan where 80 vehicles were auctioned, the exercise took place at the Adamasingba stadium, Ibadan, with a member of the EFCC Asset Disposal Committee and Director, Proceeds of Crime Management, CE Aliyu Yusuf on hand to coordinate the activities of the three licensed auctioneers, PSC International Investment Limited, Aikson Nwonkwo D.S. and Aliyu A. Kiliya &Co, selected to conduct the auction.

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