The Economic and Financial Crimes Commission has come under fresh scrutiny over its decision to auction seized vehicles through a platform it intends to manage, with the Nigeria Association of Auctioneers accusing the anti-graft agency of undermining transparency, accountability and due process in the disposal of forfeited assets.
The association said allowing the EFCC to investigate financial crimes, seize assets, retain custody of them and subsequently conduct their sale amounts to a conflict of roles capable of eroding public confidence in the asset recovery process.
Speaking in an interview with The PUNCH on Tuesday, the President of the Nigeria Association of Auctioneers, Benjamin Isibor, insisted that the commission lacked the legal basis to function as both custodian and seller of assets recovered from suspected criminals.
According to him, the association had previously challenged a similar move during the tenure of former EFCC Chairman, Ibrahim Magu.
He said, “The EFCC is
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