Customs begins e-auction of seized goods July 1

Customs begins e-auction of seized goods July 1

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THE Nigeria Customs Service (NCS) has announced that it would begin auction of seized and condemned goods to qualified persons on July 1, 2017.
According to the Service, the decision to reopen the suspended auction scheme after about 18 months was taken following successful test running of the new electronic auction portal.
The new date for the auction was contained in a statement obtained from the NCS website which listed ownership of Tax Identification Number (TIN), among others, as criteria to buy any of the goods put up for sale under the scheme.
Comptroller General of Customs (CGC), Col. Hameed Ali, had suspended the auction of seized and condemned goods to allow for a more transparent and electronic method that would allow for equal opportunities for all participants.
‘’After repeated tests of the e-auction platform, Nigeria Customs is now set to deploy the e-auction portal on July 1, 2017,’’ the statement said
The statement added that the portal has been fully networked to designated banks to ensure that money accruing from the auction gets to the Central Bank of Nigeria (CBN) Treasury Single Account for transparency and accountability.

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