EFCC reopens bid for some forfeited assets
On Monday, January 9, 2023, at the National Open University, Jabi Abuja, the Economic and Financial Crimes Commission, or EFCC, began selling seized real estate assets through sealed bids.
All three of the Lots (Lots 1, 2, and 3) were set aside for competitive bidding, but none of the properties were purchased since the bids were rejected.
Lot 1 on Banana Island in Ikoyi, Lagos, contained 24 units of opulent apartments.
The bidders were either disqualified for breaking the rules or failed to match the reserve amount.
The EFCC was forced to reopen new bids for the assets in the three lots as previously advertised due to the circumstances.
