The Economic and Financial Crimes Commission, EFCC, says it has commenced the auction of over 880 cars forfeited to the Federal Government in Abuja, Lagos, Benin and other parts of the country.
The cars, which range from luxury vehicles to mid-range Toyota Camry, were recovered by the EFCC in the course of its investigations into various financial crimes, including corruption, money laundering, and cybercrime.
According to a statement issued by the EFCC on Monday, the auction is in line with the EFCC (Establishment) Act, 2004, Public Procurement Act, 2007 and the Proceeds of Crime (Recovery & Management) Act, 2022.
The auction is scheduled to take place in various locations across the country including Lagos, Abuja, Port Harcourt, and Kano, and will be conducted by the EFCC in collaboration with appointed auctioneers.
The commission called on interested members of the public to participate in the auction, promising that the process will be transparent and fair.
The statement reads: “The General Public is hereby notified that the @officialEFCC through its appointed Auctioneers will conduct e-Auction of the under listed vehicles that are subject of final Forfeiture orders in accordance with the EFCC (Establishment) Act, 2004, Public Procurement Act, 2007 and the Proceeds of Crime (Recovery & Management) Act, 2022.”
