Nigerian Public Entity: ECONOMIC AND FINANCIAL CRIMES COMMISSION(EFCC)-E-AUCTION SALE OF VEHICLES

The General Public is hereby notified that the Economic and Financial Crimes Commission (EFCC) will conduct an e-Auction of the under listed abandoned vehicles in accordance with the EFCC (Establishment) Act, 2004, Public Procurement Act (PPA) 2007 and the Proceeds of Crime Act (POCA) 2022.

1 The auction is open to the general public for the duration of the bidding period stated above. 2 Asset Viewing free at asset location. 3 Prospective bidders will only be granted viewing access to view the asset at the location from 9am to 4pm on Viewing days. Online Viewing is also available on . 4 The assets with contents will be sold AS IS and WHERE IS in their current condition and location. 5 No asset will be sold below its reserve price. A winning bid can only be equal or above the Commission’s reserve price. 6 The person that places the highest bid for an asset will be declared the winning bidder of the asset at the end of the auction. 7 Upon declaration of winning bidder, a 100% payment via Remita Retrieval Reference (RRR) to be issued by the Commission for direct payment to Government TSA. 8 Successful bidder will have (48hours) window to make full payment. 9 A 7.5% VAT will be charged and added to the SOLD price which must be paid to Government TSA. 10 At the expiration of the payment window of 48hours, consequent upon the failure of the Winning Bidder to make payments, the second winning bidder will be offered the asset with payment within 48hours. 11 A Release Note will be issued by the Commission for each item won after confirmation of payment. The Release Note will be used at the point of pick-up of any items won. 12 The Commission reserves the right to withdraw any and all assets during the auction process without recourse to the bid winner(s).

The auction is open to the general public for the duration of the bidding period stated above.

PLOT NO 301-302 CADASTRAL ZONE C-O INSTITUTION AND RESEARCH DISTRICT, ABUJA, NIGERIA