According to the Economic and Financial Crimes Commission (EFCC), arrangements to start selling properties that are the subject of final forfeiture judgments have been finalised.
It was gathered that there are still open applications for individuals or companies who are interested. By noon on Monday, January 9, 2023, interested parties may submit their offers.
EFCC Forfeited Properties
The properties listed by the EFCC includes 61 units of luxury flats, as well as land and residences spread out around the nation.
In Banana Island, Lagos, there are 24 units of an opulent apartment building; in Thornburn, Yaba, Lagos, there are 21 units of an opulent apartment building; and in Heritage Court Estate, Port Harcourt, there are 16 units of a terrace duplex with four bedrooms.
In addition, there are apartments and plots of land in Lagos State, the Abuja Metropolis, Anambra, Ebonyi, and Gombe States, Kaduna, Delta, and Edo States, a hotel, plaza, and flats in Kwara State, and apartments and plots of land in Cross River, Osun, and Oyo States.
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Requirements
Except for those who have been or are currently being investigated by the EFCC, directors of such firms, and EFCC personnel, the auction is available to the general public.
How to apply For EFCC Forfeited Properties
The sale of the properties will be conducted through a competitive bidding procedure. The actions below would need to be taken by applicants.
- Download the Bid Forms, Verifying Affidavit for Individual and Company from the EFCC website (www.efcc.gov.ng) under the MENU: EFCC AUCTION submit alongside 10% of the bid amount in Certified Bank Drafts payable to Economic and Financial Crimes Commission.
- 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.
- A successful bidder will be required to pay the 90% outstanding balance of the bid price within 15 working days of the bid submission deadline, failing which the 10% deposit becomes non-refundable and the properties can be offered to other buyers. Payments shall be made to EFCC through the Remita platform.
- Individuals occupying any of the properties listed may be given the Right of First Refusal provided they have a valid tenancy agreement; have paid rent up to date and complete an Expression of Interest (EOI) Form which can be downloaded from the EFCC website.
- Bids for properties must be sealed and submitted in the designated box at the address: Economic and Financial Crimes Commission, Plot 301/302 Institutions and Research District, Jabi, Abuja.
What Should Know Before Bidding
The bid opening will take place at the Convocation Ground, National Open University of Nigeria, opposite Economic and Financial Crimes Headquarters, Jabi, Abuja from Monday, 9th January 2023 to Friday, 13th January 2023, and all bidders or their representatives are welcome
- The highest bid for each property will emerge as the winner subject to the highest bid being equal to or above the reserve price.
- In the event of a tied bid at the bid opening or where none of the bids matches or exceeds the reserve price, bidders will be required to submit fresh bids at the opening. The outcome of the fresh bid submissions will be announced at the bid opening.
