The Nigeria Customs Service (NCS) said that it generated N272.12 million from the auction of 646 vehicles under its electronic auction scheme
Spokesman of the service, Deputy Comptroller Joseph Attah, disclosed this in Lagos when he briefed newsmen on the activities of the service in 2017.
Attah said the e-auction regime eliminates the manual process of auctioning seizures in the past which was lacking in transparency and did not yield maximum revenue for government.
‘’The introduction of the e-auction process was based on the need to eliminate abuses associated with manual process of the past. This is to ensure maximum revenue from the process while still providing equal opportunity to all interested Nigerians to log on to the e- auction portal and bid for any item they wish
‘’The portal is open to all interested persons to bid between 12 noon Monday to 12 noon Wednesday of every week. So far, 646 number of vehicles have been won with N272,115,366 generated as revenue for the Federal Government,’’ he said.
He said the customs will continue to be careful in handling goods at its warehouses so as not to be dragged into unnecessary litigation by claimants as a result of illegal disposal.