CIAN makes case for indigenous auctioneers
… moves to stop EFCC from using foreign auctioneers to sell recovered items
The Certified Institute of Auctioneers of Nigeria (CIAN) says that the body has capable and well- trained certified auctioneers who can handle the auctioneering industry both online and traditionally in the line with the best international practice comparable to anywhere in the world.
Speaking to journalists in Lagos, Hassan Adeleke, registrar of Certified Institute of Auctioneers, Nigeria, said that the Economic and Financial
Crime Commission (EFCC’S) effort to auction some items recovered under the fight against corruption, deserves commendation, however, the body of local auctioneers does not want to believe reports that the Ibrahim Magu led - commission will be inviting foreign certified auctioneers to carry out an assignment, which local certified auctioneers can do very well.
When asked about the reports credited to Magu, who disclosed EFCC’S decision to invite non-nigerian to assist the agency to sell off recovered assets, the registrar said he believes that EFCC chairman was misquoted.
“The Certified Institute of Auctioneers of Nigeria wishes to place on record the appreciation of our institute about the effort of the acting chairman of Economic and Financial Crimes Commission, Ibrahim Magu and his team in the fight against corruption and economic crimes in Nigeria.
“We are however surprised about the statement credited to him in the nation newspaper of 1st November 2019 and some online newspapers that foreign auctioneers will be engaged to auction the pieces of jewellery and luxurious houses forfeited to the federal government as a result of court order made absolute against the former minister of petroleum resources as well as sales of other recovered assets within the purview of the commission, Adeleke said.
Adeleke said that to sell these assets particularly the houses located in different countries abroad, they believe that Valuers were engaged to determine their reserve prices.