News
EFCC, Bidders Disagree Over Car Auction
Published
7 months agoon
By
Editor
The Economic and Financial Crimes Commission has tackled the protesting bidders alleging irregularities in the car auctioning recently held in different locations across the country.
This development is coming on the heels of the conclusion of the exercise, which lasted between Monday, January 20 and Monday, January 27, 2025.
Upon conclusion, bidders shared screenshots on various social media showing outrageous amounts as bids, leaving room for many of them to back out on some of the deals.
The bidding ranged from N1 billion to N330 billion for mid-range and averagely sophisticated Lexus jeeps and SUVs.
Reacting, one user who identified as Daniel Momoh on X.com shared his frustrations, saying, “Dear @officialEFCC, it is a pity that you and your auctioneers cheated us out of a legitimate process we engaged in yesterday where I won four different vehicles, namely: Toyota Venza – 2,670,000; Lexus ES350 – 2,000,000; Lexus IS250 – 2,520,000 and Toyota – Camry – 1,500,000.
READ ALSO: JUST IN: EFCC Halts Mercy Chinwo’s Manager’s Arrest
“I woke up this morning to see that my name has been replaced with another name, which blocked me from assessing the website via the account I opened before the bidding.”
Another user, who identified as #Kennylekel, wrote, “EFCC, the website for the official auction for the cars, suddenly brought out error 502 about 43 minutes to the end of the auction!! We hope it is not intentional to select your preferred bidders. I have been bidding since 11 am. Kindly respond.”
One CIA on X.com also said, “This is just to fulfil all righteousness and to do some damage control. The cars listed here have been sold to their staff and cronies for very small sums. If you eventually buy it over from them, you’ll also be suspected and arrested for being a fraudster.”
“The auction you conducted yesterday was a sham! In a bid to rig the system, the incompetent auctioneers you engaged allowed a bid of N350,000,000,000 for a Lexus RX 350 Jeep. It’s not a glitch. It’s a deliberate attempt to gate-keep others from bidding,” a user who identifies as Baron El’Sama opined.
Also, a user on X.com said, “I’ve just seen magic happen right before my eyes. A C300 with lot number ADC/BEN/AU/98 that I bid on and won at N5,570,001 just vanished from the auction site. EFCC, una well done.”
In his remark, a user on Facebook who identifies as Aromeh Joshua said, “EFCC auction: Checked two of the Lagos Auctioneers, and their website is (Resource Limit is Reached) temporarily unavailable. A few were hurriedly put together.”
Another user who wrote with name, Hafiz Bawa, on X.com wrote, “Dear @officialEFCC, I am reporting alleged fraudulent activity earlier today during the motor vehicle auction that raises serious concerns about fairness and integrity. It appears that the highest bidder and a “short bidder” colluded to manipulate the auction.
“The highest bidder placed excessively high bids to inflate the price, knowing they would not pay. Under the auction terms, this allowed the short bidder, who had the second-highest bid, to win at an inflated price. This tactic disadvantaged legitimate bidders and exploited the rules, undermining the auction’s fairness. I urge an immediate investigation into this matter.”
“I have seen seven people come out here to accuse the @officialEFCC of committing fraud through this auction. I have yet to see anyone come out to say they actually got the car they bid for. And yet, the institution isn’t addressing the crime that has been carried out. We need to do better,” one user who identifies as Tchalla Kingsman noted.
“Those that are alleging non-transparency are just being economical with the truth. The auction process was electronic and open bidding. There is no way of any extraneous influence or intervention. The allgation is unfounded, it can neither be supported by fact nor logic. Everybody that participated gave a remark that they were able to get; some even said they were outbid.”
READ ALSO: EFCC Promotes 900 Officers, Reintroduces Life Insurance For Operatives
Reacting to the allegations in a telephone conversation, EFCC’s spokesperson, Dele Oyewale, said the agency has no hand in the process because the auction procedure was handed over to government-licenced auctioneers.
He maintained that some people could have bid outrageous money to frustrate the process, stressing that it might be deliberate sabotage.
“It is betweeen the auctioneers and the bidding public, it has nothing to do with us. We did not interfere in any of the processes at all,” he noted.
He further challenged the public to bring proof of compromise, adding that not even his close ones could get his influence to secure a vehicle in the auctioning process.
Recall that last week Monday, the commission listed over 850 cars forfeited to the Federal Government for auction across different locations in the country.
READ ALSO: Court Approves EFCC’s Request To Freeze 24 Accounts Linked To Terrorism Financing
The cars, ranging from luxury vehicles to mid-range Toyota Camry, were recovered by the EFCC in the course of investigations into various financial crimes, including corruption, money laundering, and cybercrime.
EFCC explained that the auction was in line with the EFCC (Establishment) Act, 2004, Public Procurement Act, 2007 and the Proceeds of Crime (Recovery & Management) Act, 2022.
The auction, according to the statement, is scheduled to be held in various locations across the country, including Lagos, Abuja, Port Harcourt, and Kano, and will be executed by the EFCC in collaboration with appointed auctioneers.
According to the statement, the commission has called on interested members of the public to participate in the auction, promising that the process will be transparent and fair.
You may like
Things To Know About Procurement Fraud As A Nigerian – EFCC
47 Suspected Internet Fraudsters Arrested In Edo
EFCC Releases Former Sokoto Gov Tambuwal
BREAKING: EFCC Arrests Tambuwal Over Alleged N189bn Fraud
EFCC Raids Obasanjo’s Hotel, Arrests Suspected Internet Fraudsters At Pool Party
EFCC Arraigns Six Katsina Revenue, Bank Workers Over N1.2bn Fraud
News
FG Predicts Heavy Rainfall, Flood In Seven States
Published
13 hours agoon
August 23, 2025By
Editor
The Federal Ministry of Environment on Saturday predicted possible flooding in seven states and 25 locations across Nigeria.
The ministry, in its flood alert warned that heavy rainfall expected between August 23 and 24 could lead to flooding in the listed areas.
The alert was signed by the Director of the Erosion, Flood and Coastal Zone Management Department, Usman Bokani.
He further directed residents of communities along the flood plain from Jebba to Lokoja to evacuate immediately as the River Niger’s water level continues to rise.
READ ALSO:NiMet Predicts 3-day Thunderstorms, Rains
“Due to the rise in the water level of River Niger, communities on the flood plain from Jebba to Lokoja are advised to evacuate,” he said.
The states and communities expected to be affected include Benue State (Abinsi, Agyo, Gbajimba, Gogo, Makurdi, Mbapa, Otobi, Otukpo, Udoma, Ukpiam); Borno State (Briyel, Dikwa, MaiduKamba; Gombe State (Bajoga, Dogon Ruwa, Gombe, Nafada); Kebbi State (Gwandu, Jega, Kamba); Nasarawa State (Agima, Keana, Keffi, Odogbo, Rukubi); Niger State (Lapai); and Yobe State (Gashua, Gasma, Potiskum).
On Friday, the National Emergency Management Agency urged residents in high-risk flood plains to evacuate to safer and higher grounds.
READ ALSO:Again, NiMet Predicts Three-day Thunderstorms, Rain From Saturday
The states at high risk according to the agency are Kebbi, Niger, Kwara states that share borders with Benin Republic.
This was disclosed in a press statement signed by the agency’s Head of Press Unit, Manzo Ezekiel.
The Director General of NEMA, Mrs. Zubaida Umar, also directed all NEMA offices covering communities along the River Niger to intensify advocacy and mobilization for flood preparedness following alerts of rising water levels in the upstream of the river in the Republic of Benin.
READ ALSO:NiMet Predicts 3-day Rains, Thunderstorms Across Nigeria From Sunday
“In an urgent directive conveyed to the operations offices, Mrs. Zubaida Umar instructed them to sensitize communities to remain vigilant and advise residents in high-risk flood plains to evacuate to safer, higher grounds, especially those in Kebbi, Niger and Kwara states that share borders with Benin Republic.
“She further urged the State Governments of the identified high-risk areas to support their Emergency Management Agencies (SEMAs) and Local Emergency Management Committees (LEMCs) in activating contingency plans and preparedness measures to mitigate the potential impact of this year’s flooding.
“The Director General reaffirmed NEMA’s commitment to ensuring coordinated actions to safeguard lives and livelihoods along the River Niger,” the statement noted.
News
‘Court Of Corruption’ — Obasanjo Knocks INEC Chairman, Judiciary In New Book
Published
13 hours agoon
August 23, 2025By
Editor
Former President Olusegun Obasanjo has criticised the Nigerian judiciary, saying it has been “deeply compromised” and that corruption among judges has turned courts into “a court of corruption rather than a court of justice.”
In his new book, Nigeria: Past and Future, Obasanjo laments the steady decline of the Nigerian judiciary’s integrity, warning that justice has become commodified in Nigeria.
“The reputation of the Nigerian judiciary has steadily gone down from the four eras up till today. The rapidity of the precipitous fall, particularly in the Fourth Republic, is lamentable,” Obasanjo wrote.
He expressed concern that the judiciary’s decline poses a significant threat to the nation’s stability.
READ ALSO:EFCC Raids Obasanjo’s Hotel, Arrests Suspected Internet Fraudsters At Pool Party
Obasanjo recounted an incident where a governor showed him six duplex buildings belonging to a judge who allegedly acquired them from money made as chairman of election tribunals. This anecdote, he said, illustrates the depth of corruption in the judiciary.
The former president also accused Mahmood Yakubu, INEC chairman, of undermining the electoral process since 2015.
“No wonder politicians do not put much confidence in an election which the INEC of Professor Mahmood Yakubu polluted and grossly undermined to make a charade,” he said.
Obasanjo further alleged that politicians believe the outcome of election disputes depends on the will of tribunal judges, court of appeal judges, and supreme court judges.
READ ALSO:Obasanjo Blames Loss Of Values For Democracy’s Failure In Africa
“No matter what the will of the people may be, the Chairman of INEC since after the 2015 election had made his will greater and more important than the will of the people,” he added.
Moreover, Obasanjo directly accused the late former President Muhammadu Buhari of colluding with the judiciary during his election cases.
“Buhari threw caution to the wind, no matter what had transpired between him and the judges who did his bidding. In his election cases, financially, he topped it up with appointments for them no matter their age and their ranks,” Obasanjo alleged.
The former president concluded that the current state of the judiciary and electoral system in Nigeria is alarming, saying, “After a false declaration of results, making losers winners and winners losers, the victim of the cheating is advised to go to court, which is a court of corruption rather than a court of justice.“
News
Sanwo-Olu Unveils Leather Hub, Eyes 10,000 Jobs
Published
13 hours agoon
August 23, 2025By
Editor
Lagos State Governor, Sanwo-Olu, on Saturday inaugurated a state-of-the-art leather processing and manufacturing hub in Mushin, projected to create 10,000 direct jobs and generate over $250 million in annual export turnover when fully operational.
In a press release sent to PUNCH Online, the governor said the facility was formally inaugurated on Saturday by the First Lady, Senator Oluremi Tinubu, during her three-day official visit to Lagos.
He added that the hub was named in her honour to recognise her grassroots initiatives in social investment and economic empowerment, with 70 per cent of its employment slots reserved for women and youths.
The hub is equipped with modern machinery to support Nano, Micro, Small, and Medium Enterprises (NMSMEs), enabling mass production of shoes, bags, belts, packaging materials, and other leather products.
READ ALSO:I Will Snub Gov Sanwo-Olu Again – Mr Macaroni
It is designed to ease production bottlenecks, scale operations, and position Lagos as the leather logistics capital of West Africa.
Speaking at the inauguration, Tinubu described the hub as a “trailblazing project” aligned with President Bola Tinubu’s Renewed Hope Agenda to diversify Nigeria’s economy through industrialisation, manufacturing, and innovation.
The Lagos State Leather Hub in Mushin, formally commissioned by the First Lady of Nigeria, Senator Oluremi Tinubu, on Saturday, 23 August 2025.
“Leatherwork is a traditional craft that has stood the test of time. This facility will empower artisans, scale up leather goods production, and enable them to compete confidently in both local and international markets,” she said, urging entrepreneurs to dedicate themselves to excellence and continuous learning.
Sanwo-Olu said the project would provide training and start-up support to over 150,000 artisans, boost the local economy, attract investments, and strengthen trade links with fashion districts, e-commerce platforms, and future rail services.
READ ALSO:Sanwo-Olu Unveils Bus Terminal, Slashes Red Line Fares By 30%
“Hides and skins that once left our shores unprocessed will now be transformed here in Lagos into world-class footwear, garments, and accessories proudly stamped ‘Made in Lagos, Made in Nigeria’,” the governor said.
He pledged to expand the facility through transparent regulation and continuous infrastructure upgrades, adding: “True dividends of democracy are best felt when they reach the cobbler in Mushin, the tanner in Oko-Oba, and the young fashion designer in Yaba.”
Commissioner for Wealth Creation and Employment, Akinyemi Ajigbotafe, said the hub would lower production costs and raise quality standards, positioning Lagos-made leather products for dominance in both local and export markets.
- Crisis Rocks Sokoto APC As Defunct CPC Bloc Alleges Marginalisation
- Lagos: Police Arrest Security Guard For Stealing Generators, Others
- FG Predicts Heavy Rainfall, Flood In Seven States
- Leader Of UK Christian Group Convicted Of Sexually Abusing Women
- Russia Claims More Ukraine Land As Hopes For Summit Fade
- NAF Kills 35 Terrorists In Border Airstrikes Near Cameroon
- Police Arrest Man For Allegedly Dismembering Pregnant Sister-in-law In Kwara
- ‘Court Of Corruption’ — Obasanjo Knocks INEC Chairman, Judiciary In New Book
- Renewed Tension In Warri As Itsekiri, Urhobo Youths Clash
- Police Arrest Eight Members Of Armed Robbery Syndicate In Delta
Trending
- News5 days ago
Edo Issues New Guideline On Education, Says Siblings’ Textbooks Transferable, Bans Graduation For KGs, Others, [A MUST READ]
- Metro5 days ago
Vigilantes Beat, Strip Female Corps Member In Anambra
- Headline4 days ago
UK Bans Sanex Advert For Calling Black Skin ‘Problematic’, White Skin ‘Superior’
- News5 days ago
Chieftaincy Title: Why Ooni Of Ife Won’t React To Alaafin’s 48-hour Threat — Palace Aide
- News4 days ago
Nigerians Call For Mandatory DNA Tests At Birth
- News4 days ago
Yoruba Elders Wade In As Alaafin, Ooni Feud Escalates
- Headline4 days ago
Why I Plotted President Trump’s Assassination – 50-yr-old Woman
- Politics5 days ago
Anenih’s Son Dumps PDP, Gives Reason
- Headline3 days ago
JUST IN: Uganda Reaches Agreement With US To Take Migrants
- Headline4 days ago
Viral TV Judge Frank Caprio Is Dead