EFCC lists requirements for bidders of auctioned properties


The Economic and Financial Crimes Commission, EFCC, has listed the requirements needed to successfully participate in the auction of seized properties.

The properties across the country are all subject of Final Forfeiture Orders, spokesman Wilson Uwujaren said on Thursday.

His statement noted that interested persons and organizations have until noon Monday, 9th January 2023 to submit bids.

The bidding is open to all members of the public except individuals and companies under probe or already prosecuted. Also, employees of the EFCC cannot take part.

Bid forms and verifying affidavits for individuals and companies can be downloaded from the EFCC website (www.efcc.gov.ng) under EFCC AUCTION.


The forms must be submitted alongside 10% of the bid amount in certified bank drafts payable to 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.

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.

In the event of default, the 10% deposit becomes non-refundable and the properties can be offered to other buyers. Payments shall be made to EFCC through Remita.

The EFCC said individuals occupying the forfeited properties 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 on its website.

Bids for properties must be sealed and submitted to the EFCC at Plot 301/302 Institutions and Research District, Jabi, Abuja.

Bidders are to be present at the Convocation Ground, National Open University of Nigeria, NOUN, opposite EFCC Headquarters in Jabi from January 9 to 13.

The properties consist of 61 units of luxury apartments, plots of land, and apartments spread across Nigeria.

They include 24 units of blocks of flats at Banana Island, Lagos; 21 units of luxury terrace and block of flats at Thornburn, Yaba, Lagos; 16 units of four-bedroom terrace duplexes at Heritage Court Estate, Port Harcourt.

Others are apartments and plots of land in Lagos, Abuja, Kaduna, Delta, Cross River, Osun, Oyo, Edo, Anambra, Ebonyi, Gombe, and hotels, plaza, and apartments in Kwara.

Share your story or advertise with us: Whatsapp: +2347068606071 Email: info@newspotng.com


Please enter your comment!
Please enter your name here