Anti Graft: EFCC Set To Auction Forfeited Estates – Bawa

The Economic and Financial Crimes Commission (EFCC), has said forfeited and recovered estates that were proceeds of corruption will soon be auctioned across the country.

 

Newsonline reports that EFCC chairman, Abdulrasheed Bawa disclosed that a total of 160 flats and apartments in 16 different locations across the country will be auctioned.

 

Abdulrasheed Bawa said this on Thursday (today), while giving account of the Agency’s activities at the 62nd session of the State House Media Briefing organized by the Presidential Communications Team at Aso Rock Villa, Abuja.

 

According to Bawa the auction of the estates followed “the success of its recent public auction of over 649 vehicles, the Economic and Financial Crimes Commission, EFCC, will soon commence the process of sale of forfeited properties comprising 160 flats and apartments in 16 locations across the country.”

 

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Though he did not state the exact date for the exercise, the EFCC boss, however, said unlike the public auction of vehicles, some occupants of some of the properties including agencies of government, would be given rights of first refusal in the sale.

 

Bawa, who highlighted the various reforms, innovations and corruption prevention programmes executed in the EFCC since he assumed leadership of the Commission, disclosed that the Commission recorded an unprecedented 3615 convictions between January and December 9, 2022, which surpasses the equally impressive 2220 convictions posted in 2021.

 

In the same vein, the EFCC chairman added that by the end of October this year, the EFCC recorded over N134 billion and $121 million in monetary recovery. This he said excluded the N354 billion it recovered from an oil company in unpaid royalties.

 

He attributed the feat to the commitment of staff and the support of both the government and the judiciary.