The Economic and Financial Crimes Commission (EFCC) has listed the requirements needed to successfully participate in the auction of properties it intends to hold across the country.
However, it warns that the auctions are subject of Final Forfeiture Orders.
According to the commission, interested persons or organisations have until 12:00 noon on Monday, January 9, 2023 to submit their bids.
The Head of Media and Publicity of EFCC, Mr Wilson Uwujaren, explained in a statement that the auctions are open to members of the public with the exception of individuals / corporate entities who have been / or are being prosecuted by the commission; directors of such companies and employees of the EFCC.
He said a competitive bidding process is being adopted for the disposal of the properties, adding that the Bid Forms, Verifying Affidavit for Individual and Company should be downloaded from the EFCC website (www.efcc.gov.ng) under the menu, “EFCC Action”and must be submitted alongside 10% of the bid amount in certified bank drafts payable to the EFCC.
Uwujaren said if the sum exceeds N10 million, multiple certified bank drafts must be provided. He said the drafts of unsuccessful bidders would be returned once the bidding process is concluded.
The spokesperson also said a successful bidder would be required to pay the 90% outstanding balance of the bid price within 15 working days of the bid submission deadline, failing which the 10% deposit becomes non-refundable and the properties can be offered to other buyers. Payments shall be made to EFCC through the Remita platform, he said.
“Individuals occupying any of the properties listed may be given the Right of First Refusal provided they have a valid tenancy agreement; have paid rent up to date and complete an Expression of Interest (EOI) Form which can be downloaded from the EFCC website: www.efcc.gov.ng,” he said.
“Bids for properties must be sealed and submitted in the designated box at the following address: Economic and Financial Crimes Commission, Plot 301/302 Institutions and Research District, Jabi, Abuja.
“The deadline for the submission of all bids is 12:00 noon Monday, 9th January, 2023.
“All bidders and/or their representatives are welcome to be present at the bid opening which will take place at the Convocation Ground, National Open University of Nigeria, opposite Economic and Financial Crimes Headquarters, Jabi, Abuja from Monday, 9th January, 2023 to Friday, 13th January, 2023.
“The highest bid for each property will emerge the winner subject to the highest bid being equal to or above the reserve price.
“In the event of a tied bid at the bid opening or where none of the bids match or exceed the reserve price, bidders will be required to submit fresh bids at the opening. The outcome of the fresh bid submissions will be announced at the bid opening.”
Uwujaren revealed that the properties consisting of 61 units of luxury apartments, plots of land 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.
He gave the distribution of the properties as follows: 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-bedroom 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 plots 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.
