Nation
EFCC Begins Sale Of Forfeited Properties
The Economic and Financial Crimes Commission (EFCC) has concluded plans to conduct sale of properties, which are subject of Final Forfeiture Orders.
Recall that the Commission had, on Saturday, December 24, 2022, publicly announced commencement of the auction exercise with advertorial in major newspapers, inviting bids for the properties.
According to the Commission, interested persons or organisations have until 12:00 p.m. Monday, January 9, 2023, to submit their bids.
EFCC spokesperson, Wilson Uwujaren, disclosed this in a statement, Wednesday.
According to him, the properties consisting of 61 units of luxury apartments, plots of lands and apartments across the country are being offered for sale, in accordance with the Economic and Financial Crimes Commission (Establishment) Act, 2004, Public Procurement Act, 2007 and the Proceeds of Crime (Recovery and Management) Act, 2022.
The distribution of the properties are: 24 units of luxurious block of flats at Banana Island, Lagos; 21 units of luxury terrace and block of flats at Thornburn, Yaba, Lagos and 16 units of 4 bedrooms terrace duplex at Heritage Court Estate, Port Harcourt.
Others are apartments and plots of land in Lagos State; apartments and plots of land within Abuja metropolis; plots of land and apartment in Anambra, Ebonyi and Gombe States; apartments and plot of land in Kaduna, Delta and Edo States; hotel, plaza and apartments in Kwara State and apartments and plots of land in Cross River, Osun and Oyo States.
Uwujaren said the auction is open to members of the public, with the exception of individuals and corporate entities who have been and or are being prosecuted by the EFCC; directors of such companies and employees of the EFCC.
A competitive bidding process is being adopted for disposal of the properties.
He said: “The bid forms which can be downloaded from the EFCC website must be submitted alongside 10 per cent of the bid amount in certified bank drafts payable to EFCC. If the sum exceeds N10 million, multiple certified bank drafts must be provided; drafts of unsuccessful bidders will be returned once the bidding process is concluded.
“A successful bidder will be required to pay 90 per cent outstanding balance of the bid price within 15 working days of the bid submission deadline, failing which the 10 per cent deposit becomes non-refundable and the properties can be offered to other buyers”.
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