EFCC Vows to Investigate Forfeited Vehicles Auction-related Complaints

Jessica Osajie / Posted January 31, 2025

The Economic and Financial Crimes Commission (EFCC), is taking the complaints from the recent public auction of forfeited vehicles seriously, vowing to investigate what it called the “reported unsavoury experiences of some Nigerians” who participated in the just concluded public auction of forfeited vehicles conducted by accredited auctioneers on behalf of the commission.

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Though, specialized marketing experts posit that with over 4 million participants, technical issues were bound to happen, but the commission seems intent on investigating and addressing the concerns.

Describing the complaints as “rather unfortunate,” the commission stated that the controversy “detracts from the plan of the Commission in settling for online auction which was designed to provide a platform for seamless and transparent participation by millions of Nigerians interested in purchasing the forfeited assets.”

In a press statement, the commission noted that “Relevant Departments of the Commission monitored the exercise and can confirm that there were glitches. This observation was communicated to the auctioneers for remedial action.”

It stated that “Without making excuses for the auctioneers, it is possible that the sheer number of participants in the exercise (over 4million) perhaps stretched the carrying capacity of the online facilities of the auctioneers, while unstable internet service in parts of the country exacerbated the challenge,” adding that it is awaiting the auctioneers’ report on the glitches.

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Mr. Dele Oyewale, EFCC’s Head of Media and Publicity, stated the concerns in the following press release, thus;

“The Economic and Financial Crimes Commission, EFCC, notes with concern the reported unsavoury experiences of some Nigerians who participated in the just concluded public auction of forfeited vehicles conducted by accredited auctioneers on behalf of the Commission.

Among the complaints received by the Commission were the inability of some citizens to access the websites of the auctioneers, being shut out from the platforms after submitting bids and outrageous bid prices, among others.

Relevant Departments of the Commission monitored the exercise and can confirm that there were glitches. This observation was communicated to the auctioneers for remedial action. The Commission could, however, not directly intervene while the exercise was ongoing because the process had been assigned to duly accredited and licensed auctioneers in line with provisions of Sections 4(a)(b) of the Proceeds of Crime (Recovery and Management) Act, 2022 and Section 55 of the Public Procurement Act, 2007.

The complaints arising from the exercise are rather unfortunate and detracts from the plan of the Commission in settling for online auction which was designed to provide a platform for seamless and transparent participation by millions of Nigerians interested in purchasing the forfeited assets.

Without making excuses for the auctioneers, it is possible that the sheer number of participants in the exercise (over 4million) perhaps stretched the carrying capacity of the online facilities of the auctioneers, while unstable internet service in parts of the country exacerbated the challenge.

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The Commission is currently awaiting the report of the auctioneers and assures that genuine complaints by members of the public will be reviewed to ensure that no one is short-changed in the exercise. Those who follow through the process without glitches and emerged winners will certainly be allocated their vehicles.

The Commission’s only interest in the public auction is to ensure that the assets are disposed of in the most transparent manner and the nation gets value for the assets. This cannot be compromised under any circumstance”.

NOTE: Jessica is on Student Industrial Work Experience Scheme (SIWES) at DDNEWSONLINE.COM from the Department of Mass Communication, National Open University of Nigeria (NOUN).