The Economic and Financial Crimes Commission (EFCC) has said it recorded 26 successful biddings from those who emerged winners of different seized properties, including estates and residential apartments and plots of land on the third day of the bidding exercise.
The exercise which commenced at 10am continued until 8.30pm, according to EFCC spokesperson Wilson Uwujaren. He said at the session, a total of 39 properties in Lot 5, located in different parts of the Federal Capital Territory, were offered for sale through a competitive bidding process.
“At the end of the exercise, a total of 26 bids were successful, while 13 properties not taken either for non-compliance with the guidelines or the highest bid falling short of the reserve price, or due to a tie. This was the case in respect of the property listed as number 33 in the Lot. Such situations were re-opened to fresh bids until Monday, 16 January 2023 when the bids will be opened. Other properties affected by this fresh bid offer are listed as numbers: 1, 3, 4,5,6,10,15, 18,29,30,31 and 34 in Lot 5,” he stated.
In his remarks, EFCC chairman Abdulrasheed Bawa, who witnessed the exercise, expressed excitement at the well organised and coordinated event, thanking the bidders for their cooperation.
Bawa said the EFCC has adopted a process that is practiced across the world. “We had valuers who valued the properties and we already know the worth of each property and we expect to sell to the highest bidder who exceeds our reserve price because we need to raise money for the Federal Government to execute and complete some of the major infrastructure projects across the country.
“We got feedback from people who are asking why we are not doing it online so that more people can participate. We have tried all of that and it is now left for us to use discretion to work with methods that will help the process to be more transparent for every Nigerian to see,” Mr Bawa said.
