AWKA EMERGES FIRST NIGERIAN CITY TO BENEFIT FROM AFRICAN DEVELOPMENT BANK URBAN PROGRAM. (PHOTOS). #PRESS RELEASE.

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Awka Emerges First Nigerian City to Benefit from African Development Bank Urban Program By Ukpa Ewa Awka, the capital city of Anambra State, has emerged as the first city in Nigeria to benefit from the African Cities Programme of the African Development Bank aimed at transforming urban infrastructure and city development across Africa. The development followed the signing of a contract with Acciona Construction Firm of Spain on May 4, as representatives of the company visited the Awka Capital Territory Development Authority in Awka to commence preliminary engagements on the project. Speaking during the meeting, Urban Development and Coordinating City Expert, Mohammad Yari mni, said the African Cities Programme was designed to help participating cities assess their development challenges, prioritise critical infrastructure needs and develop bankable projects capable of attracting financing from the African Development Bank and other international financial institutions. According to him...
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AUCTION OF VEHICLES: EFCC TO REVIEW COMPLAINTS AGAINST AUCTIONEERS. (PHOTO). #PRESS RELEASE.

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 Auction of Vehicles: EFCC to Review Complaints Against Auctioneers

 

The Economic and Financial Crimes Commission, EFCC, notes with concern the reported unsavoury experiences of some Nigerians who participated in the just concluded public auction of forfeited vehicles conducted by accredited auctioneers on behalf of the Commission.

 

Among the complaints received by the Commission were the inability of some citizens to access the websites of the auctioneers, being shut out from the platforms after submitting bids and outrageous bid prices, among others.

 

Relevant Departments of the Commission monitored the exercise and can confirm that there were glitches. This observation was communicated to the auctioneers for remedial action. The Commission could, however, not directly intervene while the exercise was ongoing because the process had been assigned to duly accredited and licensed auctioneers in line with provisions of Sections 4(a)(b) of the Proceeds of Crime ( Recovery and Management) Act, 2022 and Section 55 of the Public Procurement Act, 2007.

 

The complaints arising from the exercise are rather unfortunate and detracts from the plan of the Commission in settling for online auction which was designed to provide a platform for seamless and transparent participation by millions of Nigerians interested in purchasing the forfeited assets.

 

Without making excuses for the auctioneers, it is possible that the sheer number of participants in the exercise (over 4million) perhaps stretched the carrying capacity of the online facilities of the auctioneers, while unstable internet service in parts of the country exacerbated the challenge.

 

The Commission is currently awaiting the report of the auctioneers and assures that genuine complaints by members of the public will be reviewed to ensure that no one is short-changed in the exercise. Those who follow through the process without glitches and emerged winners will certainly be allocated their vehicles.

 

The Commission’s only interest in the public auction is to ensure that the assets are disposed of in the most transparent manner and the nation gets value for the assets. This cannot be compromised under any circumstance.

 

Comments

  1. Anonymous30 January 2025 at 10:20

    None of them can taste the goodness of Jehovah Almighty as most of those vehicles were nothing but a ripped off from the innocent ones.

    ReplyDelete

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