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HomenewsEFCC Extends Bid For Some Forfeited Assets

EFCC Extends Bid For Some Forfeited Assets

On Monday, January 9, 2023, at the National Open University, Jabi Abuja, the Economic and Financial Crimes Commission, or EFCC, began selling seized real estate assets through sealed bids.

No properties in the three Lots (Lots 1, 2 and 3) scheduled for sale by competitive bidding were taken, according to a statement signed by the Commission’s management.

The statement reads in part, “The bidders either failed to match the reserve price or were disqualified for violation of the guidelines.

“In view of this development, and in line with the Commission’s commitment to transparent disposal of the assets, EFCC is constrained to re-open fresh bids for the assets in the three lots as earlier advertised. Prospective bidders for the assets in Lots 2 and 3 have until 5pm on Wednesday, January 11, 2022, to submit their bids while the bids will be opened on Thursday, January 12, 2023.

“Bids for the assets in Lot 1 will open from today, January 9, till 12pm on Friday, January 13, 2023 and the bids will be opened on the same date.

“It is important to emphasize that the assets in Lot 1 will be offered for sale as a single unit. Bidders are reminded that failure to include the requisite 10% bank draft for the bid amount will invalidate their offer.”

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