EFCC to Auction Seized Petroleum Products

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Economic and Financial Crimes Commission, EFCC, on Tuesday October 10, 2017 held a pre-bid meeting with shortlisted auctioneers at the EFCC Academy, Karu, Abuja, as part of arrangement to auction forfeited petroleum products and vessels, which are proceeds of crimes seized from illegal oil bunkers.

A court had ruled that the confiscated items be forfeited to the federal government.

Ibrahim Magu, EFCC Acting Chairman, said the objective of the meeting was to give every interested company a fair chance to participate in the exercise.

Magu, who spoke through Olusina Ogundimu, EFCC Deputy Director of procurement, said the purpose of the meeting was to educate the bidders on the stipulated guidelines in the request for proposal (RFP).

The shortlisted bidders were drawn from a pre-qualified list of registered companies, who had indicated interest in the process.

“The bidders are expected to submit the proposals on October 17, 2017, after which the evaluation committee shall sit to evaluate, review, select and recommend the successful auctioneers for engagement,” Ogundimu said.

The auctioneering committee members were drawn from various EFCC departments such as the legal and prosecution, operations, general services, asset forfeiture and the procurement departments.