EFCC flags off auction of forfeited vehicles in Rivers state

EFCC flags off auction of forfeited vehicles in Rivers state

- The EFCC has commenced the process of auctioning vehicles forfeited to the federal government by illegal oil dealers

- The processes involved allocation of bidding slots to registered auctioneers

- So far, 11 registered auctioneers have been shortlisted for the exercise

The Economic and Financial Crimes Commission, on Thursday, December 19 commenced processes involved in the auctioning of 244 vehicles forfeited to the federal government by illegal oil dealers.

The exercise was flagged-off by the commission's secretary, Mr Ola Olukoyede, together with a team of senior officers of the EFCC.

The initial auctioning processes took off at the premises of the Police Officers Wives Association open ground in the old Government Reservation Area, G.R.A, Port Harcourt, Rivers state.

EFCC flags off auction of forfeited vehicles in Rivers state

The auction process is conducted openly to ensure transparency. Photo credit: EFCC
Source: Facebook

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The processes involved allocation of bidding slots to registered auctioneers. So far, 11 registered auctioneers have been shortlisted for the exercise.

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Representatives of all the shortlisted auctioneers were present to pick slots from an open container publicly displayed at the event.

The move is in line with the EFCC's initiative to ensure the process is transparent and not abused.

Meanwhile, the EFCC has arrested a former councillor of Ekiti local government area of Kwara state, Samuel Adeojo, over alleged car theft.

The EFCC alleged that Adeojo was fingered as the leader of a car theft syndicate notorious for stealing vehicles from car dealers through pretence as genuine buyers.

“Until Adeojo’s arrest recently, the EFCC had been on his trail after series of petitions against his gang’s criminal activities were considered by the commission’s Ibadan zonal office,” the EFCC said in a statement sent to journalists on Tuesday, December 3.

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