FG losing billions on recovered assets – Auctioneers’ President

The national president of the Nigeria Association of Auctioneers (NAA), Alhaji Musa Kurra Abubakar, has said the federal government is losing billions of naira on recovered assets and other stored items.

This, he claimed, was caused by a “bureaucratic bottleneck” imposed by the Nigeria Custom Services (NCS).

Addressing journalists Friday in Abuja, Abubakar, however, called on the president-elect, Bola Ahmed Tinubu, to use his administrative and business experience to ensure that “the NCS revert to the transparent ways of handling properties for auctioning.”

In his words, “The Nigeria Association of Auctioneers has been operating, but, without some challenges most especially with the bureaucratic bottleneck imposed by the Nigeria Custom Services, which have made Nigeria government to lose billions of naira revenue which would come to the coffers of the federal government.

“With the above disturbing revenues loss caused by the Nigeria Custom Services, we are calling to the president-elect, Asiwaju Bola Ahmed Tinubu as a matter of urgency to use his administrative and business experience to ensure that the Nigeria Custom Services revert to the transparent ways of handling properties for auctioning.

“The Nigeria Association of Auctioneers strongly believe in the stewardship of the president-elect that as soon as he gets to the office on May, 29th 2023, our association will be one of the strongest and trusted partners in building a strong and viable economy that will sustain our great country.”