EFCC Starts auction of 244 forfeited vehicles

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The Economic and Financial Crimes Commission has commenced processes concerned in the auctioning of 244 vehicles forfeited to the Nigerian Government by unlawful oil sellers.

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The exercise was flagged-off on Thursday, December 19th by the fee’s secretary, Ola Olukoyede, along with a group of senior officers of the anti-graft company.

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The preliminary auctioning processes took off on the premises of the Police Officers Wives Association open floor within the old Government Reservation Area, Port Harcourt, Rivers State.

The processes concerned allocation of bidding slots to registered auctioneers.

Representatives of all shortlisted auctioneers had been current to select slots from an open container publicly displayed on the POWA’s open floor.

The vehicles being publicly auctioned had been forfeited to the federal government by means of the ruling of a Federal High Court sitting in Port Harcourt, Rivers State. The forfeiture order was granted by Justice I. M Sani on July 5, 2019.

The auction of the vehicles is being carried out by the EFCC along with the Deputy Chief Registrar of the Federal High Court and the Department of Petroleum Resources.

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