ICPC Begins Auctioning Of Forfeited Assets

Date:

June 13, 2023.

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Azonuchechi Chukwu.

The Independent Corrupt Practices and Other Related Offences Commission has held the bid opening exercise for the 2023 planned disposal of assets forfeited to the Federal Government.

Its Spokesperson, Mrs Azuka Ogugua, said this in a statement on Monday in Abuja.

She quoted the ICPC Chairman, Prof. Bolaji Owasanoye, SAN, as promising in his opening remarks that the exercise would be transparent.

Owasanoye commended the auctioneers for their cooperation and assured them that the commission would not renege on its pledge to ensure a fair and transparent process.

The ICPC boss, who was represented by Dr Louis Mandama, a Board member, noted that the exercise was the first for 2023 and promised that the second exercise would hold in the second half of the year.

He stated that the mode of allocation of assets in the current stage would be different as there would be no batching of assets.

He gave assurance that the auctioneers would be allowed to go and take a look at the assets while working with the technical team in order to evaluate them.

The ICPC boss went further to say that complaints received from the five bidders after the broadcast of results on the commission’s website had been addressed.

At the commencement of the exercise, the bids submitted were sorted, marked and observed closely as the opening of the bids revealed the number of properties bided for and its cost which were certified by the auctioneers.

The representatives of the Bureau of Public Procurement, Alhaji Bello Nasir, and the representative of the Civil Society Organisations, Mr Paul Odokara, expressed satisfaction with the exercise.

They commended the transparent nature of the exercise hoping that its outcome would certainly meet the criteria set for the bidding.

They also advised other agencies to take a cue from ICPC and charged the auctioneers on the need to adhere to instructions for easy identification of their bids to avoid any disqualification.

The exercise, which was held at the commission’s headquarters, had 25 auctioneers in attendance.NAN.  (www.naija247news.com).

Chukwu Azochukwu, The Naija247news
Chukwu Azochukwu, The Naija247newshttps://gravatar.com/azonuchechivchukwu
Azonuchechi Chukwu - Business Journalist at Naija247news.com Azonuchechi Chukwu is a seasoned business journalist contributing to the insightful coverage of economic and financial news at Naija247news.com. With a passion for unraveling the complexities of the business world, Azonuchechi brings a wealth of expertise and dedication to his role. As a Business Journalist, Azonuchechi specializes in providing comprehensive analyses of market trends, corporate developments, and economic indicators. His in-depth reports offer Naija247news.com readers a nuanced understanding of the forces shaping the Nigerian and global business landscapes. Azonuchechi Chukwu's commitment to journalistic excellence is evident in his ability to translate complex financial information into accessible and engaging narratives. Whether exploring stock market fluctuations, corporate strategies, or economic policies, he strives to deliver content that empowers readers with valuable insights. With an educational background in business and a keen interest in the intersection of finance and technology, Azonuchechi stays at the forefront of industry dynamics. His coverage extends beyond traditional financial reporting, encompassing the dynamic realms of fintech, entrepreneurship, and sustainable business practices. Azonuchechi Chukwu's work goes beyond the surface, aiming to foster financial literacy and awareness among Naija247news.com's audience. By demystifying economic complexities and shedding light on emerging opportunities, he plays a pivotal role in keeping readers well-informed in the fast-paced world of business. As Naija247news.com's Business Journalist, Azonuchechi Chukwu continues to make meaningful contributions to the platform's mission of delivering timely, accurate, and relevant business news to its diverse audience. His dedication to journalistic integrity and his ability to navigate the intricacies of the business realm make him an invaluable asset to the Naija247news.com team.

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