…bid closes Jan. 9, 2023
Nigeria’s anti-graft agency, the Economic and Financial Crimes Commission (EFCC), has opened bid for 61 apartments and a number of plots of land located in 13 states of the country.
The properties, which are subject of final forfeiture orders, are spread across Abuja Metropolis, Lagos, Rivers, Anambra, Ebonyi, Gombe, Kaduna, Delta, Edo, Kwara, Cross River, Osun, and Oyo States.
The properties comprise 61 units of luxury apartments, plots of land and apartments, according to Wilson Uwujaren, the EFCC’s spokesperson, 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 anti-graft agency said the auction is open to members of the public except individuals/corporate entities who have been/or are being prosecuted by the EFCC, directors of such companies, and employees of the EFCC.
Interested bidders are to download the bid forms and verifying affidavit for individual and company from the EFCC website (www.efcc.gov.ng) under the MENU: EFCC AUCTION, the agency said.
The EFCC said the documents must be submitted alongside 10 percent of the bid amount in Certified Bank Drafts payable to Economic and Financial Crimes Commission.
It said where the sum exceeds N10 million, multiple Certified Bank Drafts must be provided, adding that drafts of unsuccessful bidders would be returned as soon as the bidding process is concluded.
A successful bidder would be required to pay the 90 percent outstanding balance of the bid price within 15 working days of the bid submission deadline, the EFCC said. Where a successful bidder fails to pay the outstanding 90 percent balance within the specified period, it said the 10 percent deposit would be rendered non-refundable and the properties could then be offered to other buyers.
The anti-graft agency said all payments should be made to EFCC through the Remita platform, adding that persons or organizations interested in the bid process have until 12:00 p.m. on Monday, 9 January 2023 to submit their bids.
Assuring of a competitive process, the EFCC said the highest bid for each property would emerge the winner subject to the highest bid being equal to or above the reserve price.
Where there is a tie at the bid opening or where none of the bids match or exceed the reserve price, the EFCC said bidders would be required to submit fresh bids at the opening and the outcome of the fresh bid submissions would be announced at the bid opening.
The EFCC said individuals occupying any of the properties listed for auction may be given the right of first refusal in the auctions if they have a valid tenancy agreement, are up-to-date in their rent payment, and complete an Expression of Interest (EOI) Form which is downloadable from the EFCC website (www.efcc.gov.ng).
It said bids for properties must be sealed and submitted in the designated box at: Economic and Financial Crimes Commission, Plot 301/302 Institutions and Research District, Jabi, Abuja.
The agency said the bid opening would take place from Monday, 9 January to Friday, 13 January 2023 at the Convocation Ground, National Open University of Nigeria, opposite EFCC Headquarters, Jabi, Abuja, adding that all bidders and/or their representatives are welcome to be present.
Giving a breakdown of the distribution of the properties, the EFCC said there 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 four-bedroom terrace duplex at Heritage Court Estate, Port Harcourt.
Others are apartments and plots of land in Lagos State; apartments and plots of land in 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.
