The Lagos State Ministry of Commerce, Industry and Cooperatives (MCIC) has commenced the drive for compliance with the Auction Law Cap. A12 (2015) of Lagos State. This was revealed by the Permanent Secretary, Ministry of Commerce, Industry and Cooperatives, Mrs. Adetutu Ososanya while receiving the leadership of the National Association of Auctioneers (NAA) and Certified […]
The Nigeria Association of Auctioneers (NAA) has cautioned the federal government against plans to engage in online auctioning of forfeited or recovered assets. The group said adopting the online platform to dispose what it described as “unserviceable and perishable” items was tantamount to delay and loss of revenue, which could neither benefit sellers nor potential […]
The Nigeria Customs Services has allegedly sold about 6,000 impounded vehicles and other items to selected firms and individuals, The PUNCH has learnt. The auction of the vehicles, it was gathered, was done without open competitive bidding, contrary to the Bureau of Public Procurement Act, 2007. The vehicles were allegedly branded as scraps and sold […]