EFCC auctions seized luxurious houses, landed properties across Nigeria
Following the conclusion of the auction sales of seized vehicles across the country, the Economic and Financial Crimes Commission, (EFCC) is set to put on sale choice houses and landed properties seized from persons convicted of financial and economic crimes across the country.
The properties consisting of 61 Units of Luxury Apartments, Plots of Land, and Apartments across the country are being offered for sale in accordance with the Economic and Financial Crimes Commission (Establishment) Act, 2004, Public Procurement Act, 2007 and the Proceeds of Crime (Recovery and Management) Act, 2022.
The distribution of the properties are: 24 Units of a luxurious block of flats at Banana Island, Lagos; 21 Units of Luxury Terrace and Block of Flats at Thornburn, Yaba, Lagos; 16 Units of 4 Bedrooms Terrace Duplex at Heritage Court Estate, Port Harcourt;
Others are Apartments and Plots of Land in Lagos State; Apartments and Plots of Land within Abuja Metropolis; Plots of land and Apartment in Anambra, Ebonyi and Gombe States; Apartments and Plot of Land in Kaduna, Delta and Edo States; Hotel, Plaza and Apartments in Kwara State and Apartments and Plots of land in Cross River, Osun and Oyo States.
The auction is open to members of the public with the exception of individuals / corporate entities who have been / or are being prosecuted by the EFCC; Directors of such companies and employees of the EFCC.
A competitive bidding process is being adopted for the disposal of the properties. The bid forms which can be downloaded from the EFCC website www.efcc.gov.ng must be submitted alongside 10% of the bid amount in Certified Bank Drafts payable to the Economic and Financial Crimes Commission.
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.
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 must complete an Expression of Interest (EOI) Form which can be downloaded from the EFCC website: www.efcc.gov.ng
Bids for properties must be sealed and submitted in the designated box at the following address: Economic and Financial Crimes Commission, Plot 301/302 Institutions and Research District, Jabi, Abuja.
The deadline for the submission of all bids is 12:00 noon Monday, 9th January 2023
All bidders and/or their representatives are welcome to be present at the bid opening which 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.
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 match or exceed the reserve price, bidders will be required to submit fresh bids at the opening.
Exclusive! Hope rises on take-off of proposed $3bn Badagry Deep Seaport as NPA, APMT resume discussion
The approval was finalised following a presentation by the Federal Ministry of Transportation at the Federal Executive Council (FEC) during the last administration of President Mohammed Buhari.
According to officials, the port is expected to generate $53.6 billion in revenue over the 45 years concession period.
The proposed site of the project is located 55km west of Apapa and the port of Lagos, along the 55km long Lagos-Badagry Expressway, which is being upgraded from a four-lane to a ten-lane expressway.
The port is expected to have an annual throughput capacity of 1.8 million Twenty-foot Equivalent Units (TEUs).
The proposal for the project was announced in 2012. Feasibility studies have been completed and construction works are yet to start.
The project will be implemented in four phases, with the overall project cost estimated to range between $2 billion and $3 billion.
Also, it is expected that the new port will primarily ease pressure on the existing ports of Lagos, Apapa and Tin-Can Ports, which handle approximately 85 percent of the country’s non-oil throughput.
It will further alleviate the burden on the country’s existing ports, which are on the verge of exceeding their cargo handling capacities, and address the country’s annual container traffic, which is expected to grow to 10 million Twenty-foot Equivalent Units by 2030.
Plans for the adjoining Badagry Free Trade Zone will include a power plant, oil refinery, industrial park and warehousing and Inland Container Deport functions.
Jamoh, Bello- Koko, serial award winners, bag National Productivity merit awards
The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA) Dr. Bashir Yusuf Jamoh, is gradually turning into a serial award winner as he has landed yet another plaque of honour from the federal government.
An excited Jamoh expressed appreciation to the Federal Government, noting that it is a call to greater service to our Fatherland.“I am spurred by this award, particularly as it is coming from the Federal Ministry of Labour and Productivity, which underscores the ministry’s role in ensuring reward for hard work and productivity in public service”
“Let me also use this opportunity to dedicate the award to the industry’s stakeholders; external and internal, as they have made our work easier as an administration.
“We will continue to strive to make the maritime sector a viable economic driver, especially with the Blue Economy mantra, which is critical to the sustainability of the maritime sector”, Jamoh said.
Commenting the on the selection of the Permanent Secretary of the Federal Ministry of Transportation, Dr. Magdalene Ajani, the DG said it is a well-deserved honour, as she has remained a core professional and astute administrator in the coordination of activities in the Ministry and the Agencies under the supervision of the Ministry.
“I am not surprised by her selection, as she is an administrator par excellence and has remained resolute and professional in the discharge of her duties.
”This conferment can only spur me and the entire team at the Nigerian Ports Authority whose commitment to exceptional performance culminated in this recognition, to continue pushing the limit and advancing the frontiers of trade facilitation.
”Imbued with the understanding that excellence is a moving target, I want to seize this moment to assure that we will not rest on our laurels in our resolve to turn our rich maritime potentials into actualities’, an elated Koko declared.
The National Productivity Order of Merit Award was instituted by the Federal Government of Nigeria to recognize and honour productive individuals and organizations in Nigeria in the year of the award for achievements made in the preceding years.
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