About 2000 Auctioneers Bid For Assets Forfeited To FG

10 June 2021 By Victoria Abah.

The Inter Ministerial Committee on the Disposal of Forfeited Assets to the Federal Government, says no fewer than 2000 auctioneers have bidded for the sales of assets forfeited to the federal government.

The Chairman of the committee, Mr. Bello Nasir, stated this during the engagement of auctioneers for disposal of the assets in Abuja.

Mr. Bello Nasir from the Bureau of Public Procurement (BPP), who was in charge of identifying bidders based on their lots, said the submission of the bid formally closed about 12 noon with the bidding process commencing immediately.

Shortly before conducting the symbolic opening of the bid, the Chairman of the Inter Ministerial Committee of the Forfeitted Assets to the Federal Government and Permanent Secretary of the Ministry Justice, Dayo Apata said the committee identified assets to be sold in 25 locations across the country outside places plagued with violence and insecurity.

“Estate surveyors and valuers had gone to see the forfeited assets in order to ensure they are sold at market value”‘ Apata said.

He added that the bid opening followed an advertisement placed on May 10 this year for auctioneers to show interest in auctioning in the forfeited assets.

While assuring the public of transparency in the exercise, Mr. Apata said the criteria set out by the 14-member Inter Ministerial Committee would be strictly followed in the selection of auctioneers.

He said any estate surveyor or valuer who participated in the valuation of the properties to be sold would not be allowed to bid as well as members of the committee.

The Attorney General of the Federatiion and Minister of Justice, Abubakar Malami inaugurated the Inter Minstrarial Committee on November 9, 2020 on disposal of Federal Government’s forfeited assets.

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