Yahoo Boys' Move: EFCC Stops Man From Bidding N13 Billion for Forfeited Property
Nigeria's anti-corruption agency has prevented an offer from a bidder who bid N13 billion for a forfeited property in Banana Island, Lagos.
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Premium Times reports that on Monday, January 9, the Economic and Financial Crimes Commission (EFCC) rejected N13.1 billion offer for a property comprising 24 units of luxury flats located in the Banana Island area of Lagos state.
It was gathered that the commission had put the property on sale as a single unit in an ongoing auctioning exercise conducted by the EFCC across Nigeria.
While the original owners of the property were not made public, the EFCC obtained a court order forfeiting the items to the Nigerian government.
In his reaction, the spokesperson for the EFCC, Wilson Uwujaren explained that there was no successful bid for the property in Lot 1.
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Uwujaren said the exercise which took place in the Federal Capital Territory on Monday, January 9, witnessed an unnamed bidder who offered the highest bid of N13.1 billion for the property.
He said the bidder was disqualified for failure to include the stipulated 10 per cent of the bid amount.
His words:
“Other bidders did not make the reserve price."
Way forward for EFCC's bidding
Speaking further, the commission's secretary, George Ekpungu, said that a fresh bid would be opened for the property in Lot 1.
Ekpingu said:
“The bids will close by 12 pm on Friday, January 13, 2023, while the bid opening will be done the same day."
Surprise as EFCC invites Nigerians to bid for 61 forfeited houses, land
A move that would surprise many is the Economic and Financial Crimes Commission's recent announcement as we wind up the year 2022.
This is as the anti-graft agency called on Nigerians to bid for 61 luxury apartments and lands nationwide.
The commission's spokesperson Wilson Uwujaren who confirmed the development noted that The properties were forfeited based on court orders obtained by the EFCC over the years.
Abdulrasheed Bawa: Will EFCC chairman be jailed? Police finally open up
Legit.ng earlier reported that the Nigerian Police Force reacted to the court judgment that ordered that Abdulrasheed Bawa, the chairman of the EFCC, should be remanded in Kuje correctional centre.
The spokesperson of the police, Muyiwa Adejobi, said the force is yet to receive the court document on the judgment.
The EFCC boss was convicted on Tuesday following the failure of the anti-graft agency to return a Range Rover and N40m to one Rufus Ojuawo, who was discharged and acquitted in 2018.
Source: Legit.ng
