FG Starts Auctioning Off Seized Assets from Looters


The Federal Government has begun the bidding process for the sale of assets seized by the Economic and Financial Crimes Commission (EFCC).

According to newswirelawandevents, the news was announced in a statement made by the National Association of Auctioneers on Thursday.

The Office of the Attorney General of the Federation and Minister of Justice, as well as the Inter-ministerial Committee established by the government to oversee the sale of the assets under the Ministry of Justice, began the bid for the sale of the assets yesterday in Abuja.

Commending the manner in which the opening of the bid was conducted, the National President of the association, Aliyu Kiliya, urged the committee to uphold uprightness in the process of selling the assets.

He said, “All the procedures for Bureau for Public Prosecution and the Stores Regulation should be followed to the latter. The committee should do a diligent job not to allow any space for litigation in future as the items involved are very sensitive.

“Knowledgeable persons should handle the sales which involved items not only in Nigeria but overseas, so as not to put all the efforts in disrepute.”

Isibor Abhulimen, the association’s General Secretary, stated in his remarks that the process of recruiting specialists was critical in executing sales involving large sums of money.

Meanwhile, the Economic and Financial Crimes Commission has instructed all bank managing directors, deputies, and executive directors to file asset disclosure forms.

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