The prerequisites for taking part in the auction of confiscated properties have been laid forth by the Economic and Financial Crimes Commission (EFCC).
Final Forfeiture Orders have been issued for all of the properties across the nation, according to spokesperson Wilson Uwujaren on Thursday.
He stated that interested parties and organisations must submit proposals by noon on Monday, January 9, 2023.
Except for people and businesses under investigation or already facing legal action, the public is welcome to participate in the auction. EFCC personnel are also prohibited from participating.
You can get bid forms and affidavits of verification for both persons and businesses from the EFCC website (www.efcc.gov.ng) under EFCC AUCTION.
The forms and 10% of the bid total must be presented together in certified bank draughts payable to the 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”, Uwujaren explained.
Within 15 working days following the deadline for bid submission, the winning bidder must pay the remaining 90% of the offer price.
The 10% down payment is no longer refundable in the event of default, and the homes may be made available to other buyers. The EFCC must receive payments using Remita.
The EFCC stated that tenants of the confiscated properties may be granted the Right of First Refusal under certain conditions, including possession of a valid lease agreement, on-time rent payment, and completion of an Expression of Interest (EOI) Form on the EFCC website.
The EFCC is located in Plot 301/302 Institutions and Research District, Jabi, Abuja, and accepts sealed bids for properties.
From January 9 to January 13, bidders must be present at the NOUN Convocation Ground, which is next to the EFCC Headquarters in Jabi.
61 units of affluent apartments, land plots, and other buildings make up the properties, which are dispersed throughout Nigeria.
These include 16 four-bedroom terrace duplexes at Heritage Court Estate in Port Harcourt, 21 luxury terrace and block of flats at Thornburn in Yaba, Lagos, and 24 apartment blocks on Banana Island in Lagos.
Others include homes and land in Lagos, Abuja, Kaduna, Cross River, Osun, Oyo, Edo, Anambra, Ebonyi, and Gombe, as well as hotels, plazas, and homes in Kwara.
