• About us
  • Advertise
  • Privacy & Policy
  • Contact
Thursday, June 5, 2025
  • Login
NewsPeg Magazine logo
  • Home
  • News
    • World
    • Business
    • Politics
  • Technology
  • Entertainment
    • Sports
  • Lifestyle
    • Health
No Result
View All Result
  • Home
  • News
    • World
    • Business
    • Politics
  • Technology
  • Entertainment
    • Sports
  • Lifestyle
    • Health
No Result
View All Result
NewsPeg Magazine logo
No Result
View All Result
Home News

Asset Disposal Exercise:  Auctioneers Hail ICPC for Conducting Fair, Transparent Asset Disposal Auction

Admin by Admin
October 27, 2024
in News
Reading Time: 2 mins read
0
Share on FacebookShare on TwitterShare on Whatsapp

By Nkechi Eze

The ICPC’s recent asset disposal exercise has earned rave reviews from auctioneers, who praised its transparency and success. This achievement underscores the commission’s commitment to fairness and accountability in its operations.

The 2024 exercise, which the Commission conducted Thursday at the auditorium of the Commission’s headquarters in Abuja had forty auctioneers in attendance.

The balloting exercise for the assets, which was organised by the Proceeds of Crime (Recovery and Management) Department (POCD) of the Commission saw twenty-six out of the forty auctioneers winning various categories of assets disposed by the Commission on behalf of the federal government. The assets included plots of land, buildings and vehicles.

Earlier in his opening remarks, the Acting Director of POCD, Mr Michael Agboro, FCA, revealed that “a total of one hundred and nineteen companies submitted expression of interest. More than half have fallen by the way” for not meeting the desired requirements.

He told those who made it to the balloting process that, “You are partners with the Commission to ensure that the government gets value for forfeited assets. 

The assets were seized from those who stole from the common heritage so, you are to sell these assets so that the government can recoup what they stole”.

Mr Agboro further informed the participants about the nature of the balloting exercise and read to them some ground rules before the process began.

During the balloting exercise, forty envelopes were dropped into a ballot box for participants to pick their ballot and display to the audience and the officials. 

Photos of items won by the successful auctioneers were also displayed alongside.

At the end of the exercise, a total of twenty-six assets were won. The assets, which were divided into twenty lots to ballot based on certain criteria had four moveable assets, six paired assets and 13 stand-alone assets. 

The four moveable assets were situated at the Commission’s headquarters while the rest were in the various states including the Federal Capital Territory (FCT), Gombe, Nasarawa, Akwa-Ibom, Ekiti, Kaduna, Sokoto and Rivers States respectively.

A major highlight of the event was the signing of a register by the winners against their company name to show their acceptance. 

ShareTweetSend
Previous Post

Empowering the Next Generation: Self Help Africa Partners with Nigerian Youth for 2024 Global Handwashing Day

Next Post

Rotary International Advocates Sustained Efforts To End Polio World Wide 

Admin

Admin

Related Posts

INEC Publishes Final List of Candidates for 2025 Anambra Guber Election, Confirms Campaigns Begin June 11
News

INEC Publishes Final List of Candidates for 2025 Anambra Guber Election, Confirms Campaigns Begin June 11

June 4, 2025
NCC Commissions e-Health Project in Akure to Digitally Transform Healthcare Delivery Across Nigeria
News

Banks to Begin USSD Charges via Airtime as NCC Implements New Billing Policy

June 4, 2025
World Bank Partners with NiMet to Boost Climate Resilience and Early Warning Systems in Nigeria
News

World Bank Partners with NiMet to Boost Climate Resilience and Early Warning Systems in Nigeria

June 4, 2025
Next Post
Rotary International Advocates Sustained Efforts To End Polio World Wide 

Rotary International Advocates Sustained Efforts To End Polio World Wide 

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Editor's Choice

INEC Publishes Final List of Candidates for 2025 Anambra Guber Election, Confirms Campaigns Begin June 11

INEC Publishes Final List of Candidates for 2025 Anambra Guber Election, Confirms Campaigns Begin June 11

June 4, 2025
NCC Commissions e-Health Project in Akure to Digitally Transform Healthcare Delivery Across Nigeria

Banks to Begin USSD Charges via Airtime as NCC Implements New Billing Policy

June 4, 2025
  • Trending
  • Comments
  • Latest
NAVY CAPTAIN A. MNGUVE UNVEILS THREE INSPIRATIONAL BOOKS IN LITERARY TRIUMPH

NAVY CAPTAIN A. MNGUVE UNVEILS THREE INSPIRATIONAL BOOKS IN LITERARY TRIUMPH

May 7, 2025
DICON-D7G Nigeria Limited Board Inaugurated to Enhance National Security and Self-Reliance

DICON-D7G Nigeria Limited Board Inaugurated to Enhance National Security and Self-Reliance

March 19, 2025

Coalition Dismisses Arrest Warrant Claim Against Aisha Achimugu

March 18, 2025
CACO Launches Nigeria Localization Barometer Project in Abuja

CACO Launches Nigeria Localization Barometer Project in Abuja

November 11, 2024

MEDIA FOUNDATION SEEKS UPGRADED DIGITAL INFRASTRUCTURE IN NIGERIA

4

Easter/Eid-el-Fitr: FRSC Records Massive Reduction in Road Crashes.

2
GSAI TRAINS JOURNALISTS TO INTENSIFY ENGAGEMENTS REVOLVING AROUND INVOLVEMENT OF WOMEN IN POLITICS AND GOVERNANCE

GSAI TRAINS JOURNALISTS TO INTENSIFY ENGAGEMENTS REVOLVING AROUND INVOLVEMENT OF WOMEN IN POLITICS AND GOVERNANCE

2

IDENTIFYING BARRIERS TO WOMEN’S POOR REMUNERATIONS, IT’S EFFECTS ON HOUSEHOLD.  LACK OF INCLUSIVE LABOUR LAWS?

2
INEC Publishes Final List of Candidates for 2025 Anambra Guber Election, Confirms Campaigns Begin June 11

INEC Publishes Final List of Candidates for 2025 Anambra Guber Election, Confirms Campaigns Begin June 11

June 4, 2025
NCC Commissions e-Health Project in Akure to Digitally Transform Healthcare Delivery Across Nigeria

Banks to Begin USSD Charges via Airtime as NCC Implements New Billing Policy

June 4, 2025
World Bank Partners with NiMet to Boost Climate Resilience and Early Warning Systems in Nigeria

World Bank Partners with NiMet to Boost Climate Resilience and Early Warning Systems in Nigeria

June 4, 2025
Air Chief Declares “No Hiding Place for Enemies of Nigeria” as NAF Holds Second Quarter Route March in Abuja

Air Chief Declares “No Hiding Place for Enemies of Nigeria” as NAF Holds Second Quarter Route March in Abuja

June 4, 2025
NewsPeg Magazine

Newspeg is a General interest Magazine conceived by Nigerian Media practitioners of like minds across ethnic and geo-political divides of the country, for the purpose of creating uniqueness in Magazine reporting in Nigeria and repositioning the country for the needed growth.

Follow Us

  • About us
  • Advertise
  • Privacy & Policy
  • Contact

© 2024 Newspeg magazine - powered by Vecrit.

No Result
View All Result
  • Home
  • News
    • Business
    • World
  • Technology
  • Entertainment
  • Lifestyle
  • Editorial
  • Columns
  • More

© 2024 Newspeg magazine - powered by Vecrit.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In