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EFCC auctions over 190 vehicles in Abuja, Ibadan, others

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EFCC auctions seven forfeited cars in Kwara

The Economic and Financial Crimes Commission, EFCC, on Tuesday conducted a public auction of over 190 vehicles and electronic devices at its Zonal Offices in Abuja, Benin, Port Harcourt, Kano, Ibadan and Uyo.

The exercise was preceded by a public inspection of the displayed photographs of the assets on Monday, December 12, 2022, where potential bidders viewed and identified the vehicles of their choice.

The auction proper commenced in the early hours of Tuesday, with various licensed auctioneers taking charge of the exercise at the designated centres.

EFCC Spokesperson, Wilson Uwujaren, disclosed this in a statement on Tuesday.

According to him, at Paragon Demonstration School, Limit Road, Benin City, scores of potential buyers bid competitively for the 20 vehicles slated for auction.

The process began at 10:am with the auctioneer putting the first car on sale to the highest bidder.

Kelly Osunbor, a human rights activist who observed the process commended the Commission for the transparency process.

According to him, open bidding gives credibility to the process. One of the bidders, Odiase Itua, called for a limit to the amount people can bid. According to him, some bidders intentionally raised the stake to frustrate others from winning. “I was shocked by what I saw. The amount was too much,” he said.

In Ibadan where 80 vehicles were auctioned, the exercise took place at the Adamasingba stadium, Ibadan, with a member of the EFCC Asset Disposal Committee and Director, Proceeds of Crime Management, CE Aliyu Yusuf on hand to coordinate the activities of the three licensed auctioneers, PSC International Investment Limited, Aikson Nwonkwo D.S. and Aliyu A. Kiliya &Co, selected to conduct the auction.

In a brief remark before the auction, Aliyu reiterated the integrity of the arrangement as well as the Commission’s determination to ensure the exercise was transparent.

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He charged bidders to be disciplined and follow the approved guidelines for a seamless auction.

The exercise in Uyo took place at the National Agricultural Land Development Authority, NALDA, along 4 lanes in Uyo, Akwa Ibom State. It began at about 9.45 am and ended around 12. 35pm with 9 cars, two trucks, 11 computers and 9 mobile phones changing hands in an open and transparent bidding process conducted by Trevamteck K & G Limited, the auctioneer.

Dr Nnamdi Enenwa who won a Mercedes-Benz C-Class said he was impressed with how the Commission conducted the exercise. “I was here at the venue yesterday during the inspection and today we came back for the auction exercise and it went very well. It was really well organized” he said.

Also, a representative of Civil Society Organisations, Mrs Nkechi Udoh, Executive Director, of Udeme Community Development Foundation, who observed the entire process, commended the Commission for a flawless auction process. “It was transparent and the auctioneers gave equal opportunity to all to bid publicly, and everyone heard everything. I like the fact that the venue was a neutral ground and was also accessible to all, so nobody felt intimidated. I must also commend the publicity because the turnout was a clear indication of a well-publicized exercise” Nkechi said.

In Kano, two cars, 16 mobile phones and one laptop were offered to the public by auction, while 35 vehicles, computers and electronic devices were put up for sale in Abuja, where hundreds of bidders participated in the exercise at the Car Park A of the Wuse Zone 2 office of the Commission.

According to Simon Idoko, a participant, the registration process went smoothly though the crowd was a bit unruly.

Bidding started at about 1 pm and ended a few hours later with one R. Lawal the lucky winner of a Ford Explorer.

The ongoing sale of forfeited assets by the EFCC began on December 6, 2022, at the Lagos Command of the agency.

Speaking during the exercise, Commander of the EFCC, CE Osita Nwajah, a member of the Asset Disposal Committee, said the EFCC gave the exercise wide publicity to ensure full participation by citizens.

“We gave this exercise very wide publicity because we want total Nigerian participation. There is no hanky-panky, and there are no underhand tactics. Everything that is done here is open and transparent, we want to be accountable to the Nigerian people.

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China Introduces Instant Tax Refunds for Foreign Tourists to Boost Shopping Experience

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China Introduces Instant Tax Refunds for Foreign Tourists to Boost Shopping Experience

China has revamped its tax refund policy for foreign tourists, shifting from a refund-upon-departure model to a more convenient refund-upon-purchase system, according to the State Taxation Administration (STA).

The STA announced on Tuesday that under the new system, foreign visitors can now claim Value Added Tax (VAT) rebates instantly at designated tax-free stores. This change allows tourists to use their refunded amount immediately for additional shopping, enhancing their overall experience in China.

Previously, VAT rebates could only be withdrawn upon departure, but with the new policy, tourists will be able to access their refunds in real-time during their stay. The policy, which was initially tested in cities like Shanghai, Beijing, and Guangdong, has now passed all operational requirements and will be rolled out nationwide.

The STA emphasized its dedication to improving policy guidance and simplifying refund procedures to better serve international visitors.

Li Xuhong, Vice-President and Professor at the Beijing National Accounting Institute, welcomed the change, stating that the nationwide implementation would raise China’s tourism service standards. “It will foster a friendly, efficient, and convenient tourism environment,” Xuhong added.

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Nigeria Reaffirms Commitment to One-China Policy Amid Taiwan’s Trade Office Claims

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Nigeria Reaffirms Commitment to One-China Policy Amid Taiwan's Trade Office Claims

Rep. Jaafaru Yakubu, Chairman of the House of Representatives Committee on China-Nigeria Parliamentary Relations, has reiterated Nigeria’s firm commitment to the One-China Policy, following recent comments by Taiwan’s Trade Mission Head in Nigeria, Andy Yih-Ping Liu.

Speaking in Abuja on Tuesday, Yakubu firmly declared that Nigeria continues to recognize Taiwan as an integral part of the People’s Republic of China. He rejected Liu’s claim that Taiwan was not part of China, labelling it as “propaganda” aimed at undermining the strong diplomatic ties between Nigeria and China.

“For the record, United Nations General Assembly Resolution 2758, adopted in 1971, recognised the People’s Republic of China as the sole legitimate representative of all of China, including Taiwan,” Yakubu stated. “The One-China Policy remains the cornerstone of China-Nigeria relations.”

He emphasized that since Nigeria and China established diplomatic ties in 1971, the country has consistently upheld this principle. “Efforts by Taiwan’s trade office to challenge this stance are futile and will not succeed,” Yakubu added.

Yakubu criticized Liu’s comments as an attempt to draw Nigeria into China’s internal matters, accusing the Taiwanese official of deliberately sowing discord and provoking a diplomatic rift. “Nigeria’s relationship with China is built on mutual respect and non-interference in each other’s political matters,” he said.

In response to Liu’s claim that China acted as a bully, Yakubu pointed to the positive trajectory of Nigeria-China relations. “Contrary to these baseless assertions, Nigeria has enjoyed a mutually beneficial partnership with China, yielding tangible results for both nations. Since 1971, our ties have grown significantly.”

He highlighted the strategic nature of the partnership, referencing the elevation of the relationship to a Comprehensive Strategic Partnership during the 2024 FOCAC Summit in Beijing. “Today, Nigeria stands as China’s second-largest trading partner in Africa, with bilateral trade surpassing 20 billion dollars,” Yakubu noted.

Furthermore, Yakubu praised China’s role in Nigeria’s infrastructural development, with investments in sectors such as rail networks, roads, ports, power stations, and water treatment facilities.

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Shettima Warns Media Against Romanticising National Challenges

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Shettima Warns Media Against Romanticising National Challenges

Vice President Kashim Shettima has cautioned Nigerian media practitioners against the growing tendency to romanticise serious national issues, describing the trend as a dangerous departure from the media’s constitutional duty of promoting truth and accountability.

Represented by his Special Adviser on Special Duties, Modibbo Umar, the Vice President issued the warning on Tuesday while delivering a speech at the 17th LEADERSHIP Conference and Awards held at the Old Banquet Hall of the State House, Abuja.

“We must resist the temptation to romanticise serious national issues or frame them in ways that distort public understanding,” Shettima said. “Doing so only weakens the fabric of our democracy and derails our collective efforts at nation-building.”

The Vice President’s remarks came as stakeholders in governance, business, and civil society gathered to reflect on the theme of the event, “Challenges and Opportunities in Nigeria’s Fiscal Federalism.” The conference provided a platform for thoughtful engagement on some of the country’s most pressing issues, with a focus on the responsibilities of leadership at all levels.

Shettima also used the occasion to commend LEADERSHIP Newspapers Group for its consistent contributions to national discourse and its commitment to celebrating excellence in leadership.

“I commend LEADERSHIP Newspaper for the vision to convene this vital discourse and for shining the light on those who have chosen to lead with courage and competence. May we never tire of striving for a better Nigeria,” he said.

The annual LEADERSHIP Conference and Awards continues to be a major event that brings together influential voices to deliberate on national progress and honour individuals and institutions making meaningful impact in society.

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