EFCC Invites Bids For Properties Forfeited To FG, Gives Deadline For Bid Submission

The Final Forfeiture Orders-related properties would be sold, according to arrangements made by the Economic and Financial Crimes Commission (EFCC).

Wilson Uwujaren, the commission’s spokesperson, said in a statement issued on December 28 that interested parties or organizations had until noon on January 9, 2023, to submit their proposals.

“The properties consisting of 61 units of luxury apartments, plots of lands and apartments across the country are being offered for sale in accordance with the EFCC (Establishment) Act, 2004, Public Procurement Act, 2007 and the Proceeds of Crime (Recovery and Management) Act, 2022.”

The properties up for auction, according to the commission, include 16 units of a four-bedroom terrace duplex at Heritage Court Estate in Port Harcourt, 24 units of a deluxe block of flats on Banana Island in Lagos, and 21 units of a luxury terrace and block of flats in Thornburn, Yaba, Lagos.

”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 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.” he said

Uwujaren stated that everyone is welcome to attend the auction aside from those who have been or are currently being investigated by the EFCC, as well as directors of such organizations and EFCC staff. He also said that the properties are being sold using a competitive bidding process.

“The bid forms which can be downloaded from the EFCC website www.efcc.gov.ng must be submitted alongside 10 per cent of the bid amount in Certified Bank Drafts payable to the EFCC. If the sum exceeds N10million, multiple Certified Bank Drafts must be provided; drafts of unsuccessful bidders will be returned once the bidding process is concluded.

A successful bidder will be required to pay the 90 per cent outstanding balance of the bid price within 15 working days of the bid submission deadline, failing which the 10 per cent deposit becomes non-refundable and the properties can be offered to other buyers. Payments shall be made to the EFCC through the Remita platform.”

He added that 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 must complete an Expression of Interest Form which can be downloaded from the EFCC website.

“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 the EFCC Headquarters, Jabi, Abuja from Monday, January 9, 2023 to Friday, January 13, 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 added