EFCC acknowledges complaints over public auction of forfeited vehicles

The Economic and Financial Crimes Commission (EFCC) has expressed concern over complaints from Nigerians regarding the recently concluded public auction of forfeited vehicles conducted by accredited auctioneers on behalf of the Commission.
In a statement signed by Dele Oyewale, Head of Media & Publicity, the EFCC confirmed receiving reports of various challenges encountered by participants, including difficulties accessing the auctioneers’ websites, being shut out after submitting bids, and concerns over exorbitant bid prices.
According to the Commission, relevant departments monitored the auction and observed technical glitches, which were promptly communicated to the auctioneers for corrective measures.
However, the EFCC clarified that it could not directly intervene during the auction process, as the sale had been assigned to licensed auctioneers in compliance with the Proceeds of Crime (Recovery and Management) Act, 2022 and the Public Procurement Act, 2007.
The Commission described the challenges as unfortunate, noting that the online auction was intended to provide a seamless and transparent platform for Nigerians.
It suggested that the overwhelming participation of over four million bidders might have strained the auctioneers’ online systems, while unstable internet services in parts of the country could have further complicated the process.
The EFCC assured the public that it is awaiting a report from the auctioneers and will review genuine complaints to ensure fairness.
It also reassured that successful bidders who completed the process without issues would receive their allocated vehicles.