EFCC commences auction of exotic cars forfeited in Kwara

The Economic and Financial Crimes Commission (EFCC) has commenced the auction of seven exotic cars following their final forfeiture orders.

The inspection of the cars by members of the public was held at the command’s headquarters in Ilorin, the Kwara State capital.

The exercise, which is a continuation of the auction scheduled to take place across the commands of the commission, was done in line with the EFCC (Est.) Act 2004; Public Procurement Act 2007 and the Proceeds of Crime (Recovery and Management) Act 2022.

The cars auctioned were a Lexus IS350 2007 model, Toyota Venza 2010 model, Mercedes Benz 2007 model, Gold Porche 2005 model, Toyota Camry 2008 model, Honda Accord 2007 model and Toyota Camry 2009 model.

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In a remark before the inspection, the Zonal Commander, Ilorin Zonal Command of the EFCC, Michael Nzekwe, said the auctioning was conducted in conjunction with the Bureau of Public Procurement to ensure compliance with all extant laws.

According to him, the cars being auctioned were based on assessed values and an open bidding system.

He appealed to members of the public interested in the auction to listen carefully to the auctioneers and comply with all stipulated guidelines for a seamless auction.