FG receives 613 bids for sale of forfeited assets

No fewer than 613 companies have indicated interest for the consultancy services for the sale of forfeited government assets, the Inter -ministerial Committee on the Disposal of Assets forfeited to the federal government has said.

David Ugolor, chairman, subcommittee on media of the committee, stated this during the open balloting process for the allocation of assets to the valuers.

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“The method of selection is Quality Based Selection Method (QES) while the consultancy fee will be based on agreed percentage from the proceed of the disposed assets,” he said.

Ugolor said the sub-committee in charge of valuation and due process carried out the technical evaluation of the bids received from interested Estate Surveyors that indicated interest in the disposal of the forfeited Federal Government assets.

“The objective of the assignment is to ensure proper coordination of the disposal of the Federal Government assets and to promote a uniform, harmonized and transparent procedure to safeguard the assets recovered by the relevant agencies in line with the anti-corruption drive of this administration,” he added.