Metro
EFCC, bidders disagree over car auction
- Share
- Tweet /home/naijuinz/public_html/wp-content/plugins/mvp-social-buttons/mvp-social-buttons.php on line 72
https://naijablitznews.com/wp-content/uploads/2025/01/ugi.jpg&description=EFCC, bidders disagree over car auction', 'pinterestShare', 'width=750,height=350'); return false;" title="Pin This Post">
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.
“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.”
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. (https://punchng.com/efcc-to-auction-850-recovered-vehicles/)
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.
Metro
Bandits abduct 14 passengers travelling from Enugu to Abuja
Suspected bandits abducted about 14 passengers travelling from Enugu State to Abuja along the Ankpechi–Omutele axis of Ohimini Local Government Area of Benue State on Thursday night.
The gunmen reportedly ambushed the commercial bus conveying the passengers, forced them into the bush and abandoned the vehicle on the road.
Confirming the incident, the Benue State Police Command spokesperson, DSP Orchia Peter Aondongu, said operatives had rescued five of the victims, including a four-year-old boy.
The police said nine other victims remained in the custody of their abductors, adding that the command launched a coordinated rescue operation in the early hours of Friday to secure the release of those still in captivity.
He said the operation involved an exchange of gunfire between security operatives and the suspected kidnappers, resulting in the rescue of five victims.
The police spokesperson explained that one of the rescued victims sustained a gunshot wound during the operation and was immediately taken to a medical facility in Otukpo, where the victim is receiving treatment.
Aondongu said operatives of the command, working alongside other security agencies, were intensifying efforts to rescue the remaining nine victims safely, assuring that the operation was being conducted with caution, with the safety of the abducted passengers as the primary objective.
The Benue State Commissioner of Police, CP Cletus Nwadiogbu, acknowledged the concerns of the victims’ families and members of the public, saying that concerted efforts were underway to secure the safe release of those still in captivity.
The command urged residents of the affected communities and the general public to remain calm and vigilant and provide the police with credible information that could assist the ongoing rescue operation and help prevent similar incidents.
The police assured the public that they would continue to provide updates as developments unfold.
Metro
Kwara Police Arrest Suspected Kidnapper Attempting To Cash Out Ransom At POS Terminal
The Kwara State Police Command has arrested a suspected kidnapper, identified as Muhamodu Sanni, while he was allegedly attempting to withdraw ransom money at a Point-of-Sale (POS) terminal.
The arrest, confirmed in a statement on Wednesday by the Command’s Public Relations Officer, Adetoun Ejire-Adeyemi, deals a significant blow to a criminal syndicate operating around the Obudu/Woru axis of Ilorin East Local Government Area.
According to the police command, the breakthrough was the result of a meticulously planned, intelligence-led operation triggered by the armed abduction of three individuals during an invasion of Obudu Village on July 28, 2026.
“The sustained offensive of the Kwara State Police Command against kidnapping has recorded another significant breakthrough, as intelligence-led operations successfully penetrated the support structure of a kidnapping syndicate operating around Obudu/Woru axis of Ilorin East Local Government Area, culminating in the arrest of Muhamodu Sanni while allegedly attempting to cash out ransom proceeds linked to a recent abduction,” the statement said.
“The breakthrough followed the activation of the command’s intelligence and tactical architecture after three persons were abducted during an armed invasion of Obudu village on 28th July, 2026.”
Rather than confining their investigation to the immediate scene of the attack, detectives adopted a broader strategy, widening their scope to track the communication, logistics, and, crucially, the financial channels sustaining the kidnappers’ operations.
The tactical shift paid off when detectives intercepted intelligence surrounding a pending ransom transaction, leading them directly to Sanni as he allegedly attempted to cash out the proceeds at a POS location.
During interrogation, Sanni reportedly cooperated with investigators, making disclosures about his role in the ransom collection process.
He also reportedly provided actionable intelligence on other members of the syndicate, specifically identifying two accomplices named Aminu and Umar.
Ejire-Adeyemi noted that these disclosures have given detectives critical operational leads that are currently being “discreetly exploited” to dismantle the rest of the network.
Reaffirming the command’s commitment to eradicating violent crime, the Kwara State Commissioner of Police, Ojo Adekimi, assured residents that the police remain operationally positioned to disrupt criminal networks and deny them any freedom of action.
He also urged the public to continue supporting security agencies with timely and credible information.
Metro
Tears Flow As Soludo Demolishes Shops At Onitsha Main Market
Tears flowed freely on Monday as traders watched helplessly while their shops were demolished at Johnson Line, within the Onitsha Main Market in Anambra State.
The demolition, reportedly carried out on the orders of Anambra State Governor, Prof. Chukwuma Soludo, took some traders by surprise, with many having assumed that the exercise would no longer take place following months of delay.
Heavy-duty tractors moved into the area and pulled down shops and structures, leaving traders with forlorn faces as they struggled to salvage their goods and belongings.
The development comes months after Soludo announced plans to remove shanties and structures obstructing gutters, electricity lines and other infrastructure within the market.
The governor had also held meetings with market leaders at the Light House in Awka, where he explained plans to rebuild and modernise the market, widely regarded as one of the largest commercial markets in West Africa.
According to Soludo, the redevelopment is aimed at transforming the market into a more organised and modern commercial centre comparable to major markets in other parts of the world.
He had said the proposed redevelopment would eliminate shanties, while also providing facilities and infrastructure, including a fire service station, hospital, improved parking facilities, better electricity supply and improved road access.
However, Monday’s demolition left many traders distressed, particularly those operating along Johnson Line.
One of the affected traders, who identified himself as Emeka, said the development caught them off guard because they had begun to believe that the demolition would no longer happen.
“I didn’t see this coming. In fact, this started yesterday. A friend called me to come and evacuate the goods in my wife’s shop as a tractor had arrived in the area,” he said.
According to him, his wife was overwhelmed by the news after hearing that the demolition had commenced.
“My wife almost collapsed in the kitchen out of fear when she heard the news. I called her down and we went together to the place and luckily her shop was not hit until this morning, when it became obvious that her shop would not be spared,” he said.
Emeka disclosed that he had almost paid N10 million for another shop in the area but decided to delay the transaction until the fate of the existing structures became clearer.
“I almost paid for another shop around there to the tune of N10 million but somehow, I held the seller to tarry a while, so we know the fate of the building first,” he said.
He added that he and other affected traders had begun searching for alternative shops, with some reportedly being offered for about N3 million.
Another trader, who pleaded anonymity, said although traders had earlier been informed about the planned demolition, they became less concerned after some other sections were demolished while Johnson Line was left untouched.
He lamented that he was now uncertain about how to continue his business.
“I don’t know where to go from here because I don’t have the huge money to buy a shop,” he said.
Also affected was Mrs Uche Ejiakor, who said she bought a shop in one of the demolished buildings just three months ago for N3 million.
Ejiakor, whose business was still at an early stage, expressed despair over the loss.
“How do I start again? I just bought a shop, here we are today, the shop is levelled down. The money is gone,” she said in tears.
The demolition also triggered panic across parts of the market, as several traders who were not directly affected hurriedly closed and locked their shops.
The development left sections of the usually busy market unusually deserted, while groups of traders stood around watching as the demolition continued.
The state government has maintained that the exercise is part of its broader plan to transform and modernise the Onitsha Main Market, improve infrastructure and restore order within the commercial hub.
-
News5 hours agoUS missionary kidnapped in Niger released after nine months in captivity
-
News5 hours agoAdeleke camp condemns release of APC Assembly candidate allegedly found with gun
-
News23 hours agoPhilippine Envoy Urges Nigeria to Strengthen Gender Laws, Institutionalise Equality
-
News5 hours agoASUU decries unpaid 2022 salaries, demands education review
-
News5 hours ago2027: Atiku asks court to disqualify Tinubu over names, certificate controversy
-
News5 hours agoCourt remands ex-NBA chairman in DSS custody
-
News5 hours agoOsun 2026: Davido fires back at critics, says ‘I’ll be on ground before 7am’
-
News16 hours agoOsun 2026: Davido Raises Alarm Over Ebonyi REC’s Presence, Alleges Plot to Rig Election

Warning: Undefined variable $user_ID in /home/naijuinz/public_html/wp-content/themes/zox-news/comments.php on line 49
You must be logged in to post a comment Login