It said the cars were forfeited to the federal government as a result of criminal activity.
According to EFCC’s spokesperson, cars to be auctioned are available in four locations in Lagos: 40, Bourdillon Road, Ikoyi, Lagos; 15A Awolowo Road, Ikoyi, Lagos; 14 Cameroon Road, Ikoyi Lagos and CVU Obalende, Ikoyi, Lagos.Speaking during the opening ceremony Tuesday, George Ekpungu, Secretary to the commission and chairman, EFCC Asset Disposal Committee , noted that the exercise was conducted in conjunction with the Bureau of Public Procurement.
“It is being conducted in conjunction with the Bureau of Public Procurement to ensure compliance with all extant laws.” The official also appealed to the members of the public present at the auction to listen carefully to the auctioneers and comply with all stipulated guidelines.The EFCC had earlier announced plans to commence physical inspection and auction exercise of 649 forfeited vehicles and other assets.