The Economic and Financial Crimes Commission, EFCC, today, January 9, 2023 in Abuja, commenced the sale of forfeited real estate assets by sealed bids, to the highest bidders. At today's session, there was no successful bid for the properties in Lot 1 comprising 24 units of luxury flats at Banana Island, Ikoyi, Lagos, which was expected to be sold as a single unit. A bidder who turned in the highest bid of N13.1 billion was disqualified for failure to include the stipulated 10% of the bid amount. Other bidders did not make the reserve price. Consequently, Secretary to the Commission, Dr. George Ekpungu announced the Commission will open fresh bids for the properties in Lot 1. The bids will close by 12 pm on Friday, January 13, 2023, while the bid opening will be done the same day. Also, there were no successful bids in Lots 2 and 3. Fresh bids were invited until Wednesday, January 11, 2023 and the bids will be opened on Thursday, January 12, 2023. Speaking earlier while declaring t
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