Twenty-six bidders, on Wednesday, emerged winners of different properties as the ongoing sales of forfeited real estate comprising apartments and plots of land by the Economic and Financial Crimes Commission, in Abuja runs into the fourth day.

At the session, a total of 39 properties in Lot 5, located in different parts of the Federal Capital Territory, were offered for sale through a competitive bidding process. The exercise which commenced at 10 am continued until 8.30 pm.

The anti-graft agency in a statement, on Thursday, noted that at the end of the exercise, a total of 26 bids were successful, while 13 properties were not taken either for non-compliance with the guidelines or the highest bid falling short of the reserve price, or due to a tie as was the case in respect of the property listed as number 33 in the Lot, were re-opened to fresh bids until Monday, 16 January 2023 when the bids will be opened.

Other properties affected by this fresh bid offer are listed as numbers: 1, 3, 4,5,6,10,15,18,29,30,31 and 34 in Lot 5.

The Executive Chairman, EFCC, Abdulrasheed Bawa who witnessed the exercise, expressed excitement at the well-organised and coordinated event, thanking the bidders for their cooperation.

Bawa said, “The process we are adopting is what is practised across the world. We had valuers who valued the properties and we already know the worth of each property and we expect to sell to the highest bidder who exceeds our reserve price because we need to raise money for the Federal Government to execute and complete some of the major infrastructural projects across the country.

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“We got feedback from people who are asking why we are not doing it online so that more people can participate. We have tried all of that and it is now left for us to use discretion to work with methods that will help the process to be more transparent for every Nigerian to see.”

The EFCC noted that one of the bid winners, Chetanna Chukwudo commended the Commission for a job well done and urged it to keep up with the good work as Nigerians expect a lot from her. “I am happy today because it feels good to be a winner, nobody wants to lose. The process was thorough and transparent but in the end, we won. I want to say well done to the organizers,“ he said.

The PUNCH reports that six bidders on Tuesday emerged as winners of different properties.

Bidders on Monday hit a brick wall during the opening event for the sales at the National Open University of Nigeria Headquarters, Jabi Abuja.

This follows the close of the submission of bids for the sale of properties which are subject to Final Forfeiture Orders.

By Vision

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