The Economic & Financial Crimes Commission decided to seize & auction multiple properties across Nigeria. This is done as a strict legal action against financial crimes such as Money Laundering.
The representative of EFCC Wilson Uwujaren told the press that 61 luxury apartments, plots of land and properties will be auctioned across the country. The applied acts in this course are:
- Economic and Financial Crimes Commission (Establishment) Act, 2004
- Public Procurement Act, 2007
- Proceeds of Crime (Recovery and Management) Act, 2022
The details of this auction are as follows:
- 24 units of Luxury flats in Banana Island, Lagos
- 21 units of Luxury terrace & block flats in Thornburn ,Yaba
- 16 units of 4 bedroom terrace duplex in Heritage Court Estate
The statement of the auction highlights that:
“This auction is open to the members of the public except the individual or corporate entities prosecuted by EFCC, Directors of EFCC or employees of EFCC.”
Bid Forms for the auction are available on the website www.efcc.gov.ng that must be submitted with 10% of bid amount in a Certified Bank Draft payable to EFCC.
Further detailed information is available at the following resource:
EFCC auctions seized properties Tweet 04-January-2023Chairman EFCC regulates Media on updated Money Laundering Regulations
Abdulrasheed Bawa, Chairman of the EFCC, has urged the media to become acquainted with the new Money Laundering (Prevention and Prohibition) Act 2022 in order to avoid violating its terms. The EFCC is planning to auction off seized property across the country.
He also emphasized on the responsibility on media to educate the public on new Money Laundering Act
Mixed public opinions were also observed in the comments of this tweet For further details please Visit the Resource:
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