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EFCC, Bidders Disagree Over Car Auction

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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.

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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

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“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.”

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“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.”

READ ALSO: ‘You’re Most Wicked; Police Better Thank You’ – Bobrisky Mocks EFCC After Anambra Incident

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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.”

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“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

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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.

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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

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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.

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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.

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JUST IN: Tinubu Decorates New Service Chiefs

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President Bola Tinubu on Thursday decorated the new service chiefs with their respective ranks at the Council Chamber of the Presidential Villa, Abuja.

The ceremony, which began shortly after 2pm saw the President perform the decoration alongside Vice President Kashim Shettima and the spouses of the decorated officers, each dressed in their respective service uniforms.

Those decorated were General Olufemi Oluyede as the Chief of Defence Staff; Lieutenant-General Wahidi Shaibu as Chief of Army Staff; Air Marshal Kennedy Aneke as Chief of Air Staff; and Vice Admiral Idi Abbas and Chief of Naval Staff.

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The Senate had, on Wednesday, confirmed the four nominees after a two-hour closed-door screening session where they were grilled on strategies to strengthen national security and improve coordination among the armed forces.

Tinubu had earlier written the red chamber, seeking an expedited confirmation process “to ensure continuity in the nation’s security leadership.”

READ ALSO:Reps Approve Tinubu’s $2.35bn External Loan Request

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It was observed that the ceremony was attended by senior government officials, lawmakers family members of the service chiefs and top officers from the various arms of the military.

The President, Vice President and the officers’ spouses took turns pinning the new ranks on each of the decorated chiefs.

The decoration came barely one week after the Presidency announced a sweeping reshuffle in the military hierarchy.

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In the statement signed by the President’s Special Adviser on Media and Public Communication, Sunday Dare, it said the shake-up was part of efforts to inject new direction into the nation’s defence architecture.

READ ALSO:Tinubu Under Fire Over Presidential Pardon For Drug Offenders

The Chief of Defence Intelligence, Major General E. A. P. Undiendeye, retained his position.

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Tinubu’s Special Adviser on Information and Strategy, Bayo Onanuga, later told our correspondent that the changes were not connected to recent rumours of a coup plot, saying, “The President acted within his authority as Commander-in-Chief. Service chiefs can be hired and fired by the President.”

On Monday, Tinubu had met privately with the new service chiefs at the Villa.

They arrived in a black Mercedes-Benz Sprinter van escorted by a green Toyota Land Cruiser, and the session lasted about 40 minutes.

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READ ALSO:FULL LIST: 175 Beneficiaries Of Tinubu’s Pardons

Presidency sources said the President charged them to take decisive action against insurgents and bandits, particularly in the North.

Last Friday’s reshuffle followed an October 19 report alleging that some officers were plotting to overthrow the government — a claim later dismissed by the Defence Headquarters as “false and mischievous.”

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The Director of Defence Information, Brigadier-General Tukur Gusau, said the alleged arrests linked to a coup were “issues of indiscipline” within the ranks, describing the report as “intended to cause unnecessary tension and distrust among the populace.”

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JUST IN: Eurozone Growth Beats Expectations In Third Quarter

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The eurozone economy grew faster than expected in the third quarter of 2025, official data showed Thursday.

The EU’s data agency said the 20-country single currency area recorded growth of 0.2 per cent over the July-September period from the previous quarter.

READ ALSO:Atiku Slams Tinubu Over U-turn On Pardon For Convicts

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The figure was higher than the 0.1 per cent forecast by analysts for Bloomberg and FactSet.

More details later…

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PHOTOS: Police Inspector, Others Die In Lagos-Ibadan Expressway Multiple-truck Crash

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At least four persons were feared dead while several others sustained injuries in a multiple-vehicle crash involving five articulated trucks on Kara Bridge, inward Mowe, along the Lagos-Ibadan Expressway on Thursday.

A police inspector attached to the Lagos State Police Command was said to be among the victims.

The Lagos State Commissioner of Police, Moshood Jimoh, who confirmed the incident on Thursday during a visit to the scene, said emergency response teams worked through the early hours to rescue victims and clear the wreckage.

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“We have a case of multiple accidents at the border between Ogun and Lagos State. Five vehicles were involved, all articulated vehicles. Precisely, three people have been rescued from the scene of the accident.

READ ALSO:Ten Feared, Others Injured In Oyo Road Accident

As early as 5 a.m., we have been on it, and we have other agencies here assisting us. We have LASTMA, the Road Safety Corps, and other security agencies,” Ishola said.

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He explained that preliminary investigations showed the crash was caused by a trailer that suffered brake failure.

At the beginning, we have a trailer that failed to brake, and it is important that everybody in charge of their vehicle ensures proper maintenance,” he stated.

The commissioner also confirmed the death of one of his officers who was part of the police advance team deployed to the scene.

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“It’s very unfortunate that we lost one of our police inspectors who came with our advance team to salvage the situation,” he said.

Ishola cautioned motorists, particularly drivers of articulated vehicles, against reckless driving, which he described as a leading cause of fatal crashes on highways.

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We want road users, especially those driving articulated vehicles, to stop this kind of recklessness. If they are not reckless in their driving habit, we won’t have this kind of accident,” he warned.

Rescue operations involving the police, Federal Road Safety Corps, Lagos State Traffic Management Authority, and other agencies were still ongoing as of press time, while efforts to remove the damaged vehicles and restore traffic flow continued.

 

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