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ICYMI] EFCC, bidders disagree over car auction

05:07 am on January 30, 2025
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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.

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.”

https://punchng.com/just-in-efcc-bidders-disagree-over-car-auction/
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