The Economic and Financial Crimes Commission (EFCC) has begun the sales of 160 houses, luxury apartments, hotels, malls, plazas and plots of land across the country.
The properties are considered as proceeds of crimes and are subject of Final Forfeiture Orders.
The EFCC recently auctioned 649 vehicles across the country.
The properties 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.
The distribution of the properties are: 24 units of luxurious block of flats at Banana Island, Lagos; 21 units of luxury terrace and block of flats at Thornburn, Yaba, Lagos; 16 units of 4 bedrooms 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.
The properties of former Minister of Petroleum, Mrs. Diezani Alison-Madueke and that of former head of the National Intelligence Agency (NIA), Mr. Ayodele Oke, are among those slated for auction.
The anti-graft agency stated that the auction is only open to members of the public with the exception of individuals/corporate entities who have been/or are being prosecuted by the EFCC; Directors of such companies and employees of the EFCC.
The commission had on Saturday December 24, 2022 announced the commencement of the auction exercise with advertorial in major newspapers inviting bids for the properties.
According to EFCC, interested persons or organizations have until 12:00 noon Monday, 9th January, 2023 to submit their bids.
A competitive bidding process is being adopted for the disposal of the properties. The bid forms which can be downloaded from the EFCC website www.efcc.gov.ng must be submitted alongside 10% of the bid amount in Certified Bank Drafts payable to EFCC. If the sum exceeds N10 million, 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% 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.
Nigerians spent more than N50 billion on United States visa applications between 2023 and 2024…
Nigeria's expenditure on petrol imports fell sharply in the first quarter of 2026, dropping by…
Oil prices fell on Tuesday, June 9, 2026, after Iran and Israel said they had…
The Nigerian stock market opened the week on a positive note on Monday, June 8,…
Heirs Insurance Group says it has impacted and protected more than three million customers in…
Global logistics provider CEVA Logistics and EFL Africa have launched a joint venture in Nigeria,…
This website uses cookies.