Forfeited Assets: Going, Going,..

The committee on the sales of forfeitted assets has disclosed that over 2000 auctioneers are already lined up in a scramble to bid for contract to dispose assets forefeitted to the federal government.
The disclosure was made in Abuja on Thursday by head of the sub committee, Bello Nasir.
Nasir, sho spoke during an event for the engagement of of auctioneers for the disposal of the said assets, pointed out however, that the assets are exclusive of those currently in high security parts of the country.
“We received bids from individuals and organisations to participate in today’s exercise. No fewer than 2000 auctioneers have expressed interest to participate in the sale of assets forfeitted to the federal government,” Nasir disclosed.
Earlier, chairman of the Inter-Ministerial Committee who is also the Permanent Secretary of the Ministry of Justice, Dayo Apata, explained that the committee pre-identified all the assets to be sold in 25 locations across the country. According to him, “Estate surveyors and valuers had gone to see the forfeitted assets in order to ensure they are sold at market value.”
Apata added that the interest shown by auctioneers and subsequent opening of bids are sequel to advertisement on the subject which appeared on some national dailies on May 10.
While assuring the public of transparency in the exercise, Mr Apata, who is also the Solicitor General of the Federation, pointed out that the criteria set out by the 14-member Inter-Ministerial Committee would be strictly adhered to in the selection of auctioneers. However, he pointed out that even as the process is opened to all, certain categories of individuals and groups are not allowed to bid. Among those ineligible are members of the committee
Bid submissions ended at 12 noon on Thursday, following which bid opening process took off immediately with Nasir who is from the Bureau of Public Procurement, BPP, identifying bidders based on their slots.
The committee for the disposal of all forefeitted assets was inaugurated in November 2020 by the Attorney-General and Minister of Justice, Abubakar Malami.

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