EFCC Fixes January 9 Deadline To Sell Off Seized Luxury Houses, Lands In Highbrow Areas

EFCC Fixes January 9 Deadline To Sell Off Seized Luxury Houses, Lands In Highbrow Areas

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By Press Unit

Economic and Financial Crimes Commission, EFCC, has concluded plans to conduct sale of properties which are subject of Final Forfeiture Orders. The Commission on Saturday December 24, 2022 publicly announced the commencement of the auction exercise with advertorial in major newspapers inviting bids for the properties. According to the Commission, interested persons or organizations have until 12:00 noon Monday, 9th January, 2023 to submit their bids.

The properties consisting of 61 Units of Luxury Apartments, Plots of Lands and Apartments across the country are being offered for sale in accordance with the Economic and Financial Crimes Commission (Establishment) Act, 2004, Public Procurement Act, 2007 and the Proceeds of Crime (Recovery and Management) Act, 2022.

The distribution of the properties are: 24 Units of luxurious block of flats at Banana Island, Lagos; 21 Units of Luxury Terrace and Block of Flats at Thornburn, Yaba, Lagos; 16 Units of 4 Bedrooms Terrace Duplex at Heritage Court Estate, Port Harcourt;

Others are Apartments and Plots of Land in Lagos State; Apartments and Plots of Land within Abuja Metropolis; Plots of land and Apartment in Anambra, Ebonyi and Gombe States; Apartments and Plot of Land in Kaduna, Delta and Edo States; Hotel, Plaza and Apartments in Kwara State and Apartments and Plots of land in Cross River, Osun and Oyo States.

The auction is open to members of the public with the exception of individuals / corporate entities who have been / or are being prosecuted by the EFCC; Directors of such companies and employees of the EFCC.

A competitive bidding process is being adopted for the disposal of the properties.

The bid forms which can be downloaded from the EFCC website http://www.efcc.gov.ng must be submitted alongside 10% of the bid amount in Certified Bank Drafts payable to Economic and Financial Crimes Commission.

If the sum exceeds 10 million naira, multiple Certified Bank Drafts must be provided; drafts of unsuccessful bidders will be returned once the bidding process is concluded.

A successful bidder will be required to pay the 90% outstanding balance of the bid price within 15 working days of the bid submission deadline, failing which the 10% deposit becomes non-refundable and the properties can be offered to other buyers.

Payments shall be made to EFCC through the Remita platform.

Individuals occupying any of the properties listed may be given the Right of First Refusal provided they have a valid tenancy agreement; have paid rent up to date and must complete an Expression of Interest (EOI) Form which can be downloaded from the EFCC website: http://www.efcc.gov.ng

Bids for properties must be sealed and submitted in the designated box at the following address: Economic and Financial Crimes Commission, Plot 301/302 Institutions and Research District, Jabi, Abuja.

The deadline for the submission of all bids is 12:00 noon Monday, 9th January, 2023.

All bidders and/or their representatives are welcome to be present at the bid opening which will take place at the Convocation Ground, National Open University of Nigeria, opposite Economic and Financial Crimes Headquarters, Jabi, Abuja from Monday, 9th January, 2023 to Friday, 13th January, 2023.

The highest bid for each property will emerge the winner subject to the highest bid being equal to or above the reserve price.

In the event of a tied bid at the bid opening or where none of the bids match or exceed the reserve price, bidders will be required to submit fresh bids at the opening.

The outcome of the fresh bid submissions will be announced at the bid opening.

@views exclusive rights: Press Unit, Economic and Financial Crimes Commission, EFCC, December 28, 2022.

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Osazuwa Akonedo

Osazuwa Akonedo is a Nigerian media professional, author, and consultant. His work spans various sectors of communication and literature: Journalism and Media: He is the founder of OsazuwaAkonedo, which focuses on news analysis and commentary. He also provides consultancy services in media and banking. Literature: He is a published playwright and author of Nigerian literature. One of his notable works is the drama titled The End Shall Tell: What Exam Malpractice Can Cause, which addresses educational and social issues in Nigeria. Reporting: He frequently reports on regional news, particularly concerning Edo State and broader Nigerian current affairs. Credit: Google Gemini AI Mode Osazuwa Akonedo is a Nigerian media creator, journalist, and entrepreneur who engages audiences via news reporting, social media content, music, and a mobile application. Professional Background and Company Osazuwa Akonedo is associated with OSAZUWAAKONEDO LIMITED, a company registered in Nigeria that operates in media consultancy and news services  The company is headquartered in Benin City, Edo State, Nigeria, and has been active in publishing news in various formats including text, audio, video, and photos  Social Media and Online Platforms Osazuwa Akonedo maintains a strong online presence on several platforms: TikTok: Shares news updates and reports, for example, covering police operations in Nigeria  YouTube: Operates a channel where he uploads videos on current affairs and news content  Twitter/X: Active under the handle @akonedo_osazuwa, posting updates on events and news  Facebook: Profiles listing his connection to news and media activities can be found on Facebook  Mobile App: Offers a dedicated mobile application for news access through Google Play (Osazuwa Akonedo News App) providing text, video, and photo news formats  News Reporting and Content He produces news content covering national and local stories, including criminal activities, government updates, and investigative reports   His reporting spans multiple formats, making it accessible to a wide audience through online platforms, mobile apps, and social media  Other Contributions In addition to journalism, Osazuwa Akonedo has also ventured into audio releases, such as “Former Justice Minister Abubakar Malami Begs Nigerians For Justice” released on January 25, 2026   He also hosts podcasts documenting significant events, e.g, NDLEA arrests related to historical criminal cases  Summary Osazuwa Akonedo is a multifaceted media professional engaged in journalism, social media content creation, music, and technology via his news app. He utilizes platforms like TikTok, YouTube, Twitter/X, Facebook, and mobile applications to disseminate news and reach audiences both locally and internationally Credit: Azure AI

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