December 13, (THEWILL) – The Economic and Financial Crimes Commission (EFCC), on Tuesday, in Abuja, commenced the sales of forfeited vehicles in its custody to members of the public.
The exercise followed an order of final forfeitures secured by the anti-graft agency from the courts.
According to Channels TV, prospective buyers trooped into the EFCC office in the Federal Capital Territory (FCT) on Tuesday, where the cars were displayed for auction.
EFCC Deputy Director, Department of Proceeds of Crime Management, Umma Sulaiman, said there are 35 cars for grabs in the exercise and the proceeds will be deposited in a special account of the Federal Government at the Central Bank of Nigeria (CBN).
The EFCC also held a similar exercise last week in Lagos, where over 400 were auctioned.
According to the agency’s spokesman, the auctioning exercise for forfeited assets would take place across its commands.
He explained that the cars are subjects of final forfeiture orders of the court in Lagos, adding that the exercise was in line with the EFCC (Establishment) Act 2004; Public Procurement Act 2007 and the Proceeds of Crimes (Recovery and Management) Act 2022.
