The Economic and Financial Crimes Commission (EFCC) has announced an upcoming e-auction of vehicles subject to final forfeiture orders.

The auction will take place on Monday, 27th January 2025, from 11:00 am to 4:00 pm and will be conducted online through EFCC-appointed auctioneers.

The announcement was made on Monday via a post on the EFCC’s official X (formerly Twitter) account. In the post, the Commission assured the public that the auction process would be carried out transparently and in full compliance with the EFCC (Establishment) Act, 2004, the Public Procurement Act, 2007, and the Proceeds of Crime (Recovery and Management) Act, 2022.
“The General Public is hereby notified that the @officialEFCC through its appointed Auctioneers will conduct e-Auction of the under-listed vehicles that are subject to final Forfeiture orders in accordance with the EFCC (Establishment) Act, 2004, Public Procurement Act, 2007 and the Proceeds of Crime (Recovery & Management) Act, 2022,” the post read in part.

It added, “The auction commences 11:00 am to 4:00 pm on Monday, 27th January 2025”

The statement highlighted that the e-auction will be conducted through eight EFCC-appointed auctioneers who will handle the sale of vehicles located in different parts of the country.

Each auctioneer will manage specific lots, with vehicles stored in their respective parks across various locations in Nigeria.