The Nigeria Customs Service (NCS), under Comptroller General of Customs (CGC), Col. Hameed Ibrahim Ali (Rtd), will be carrying out its first auctioneering exercise, through an electronic auction platform that will launch on the 1st of July, 2017.
NCS aims to generate NGN 1trillion revenue as generated through various initiatives, including the auctioning process and the infamous directive in March that all vehicles without duty papers should proceed to normalise them.
In a statement, Customs PRO, Mr. Joseph Attah said: “After repeated tests of the e-auction platform, the Nigeria Customs is now set to deploy the e-auction portal on the July 1, 2017.
“The portal is now fully networked to designated banks to ensure money accruing from the auction gets to the Central Bank of Nigeria’s Treasury Single Account for transparency and accountability,” he noted.
According to Daily Trust, www.trade.gov.ng/e-auction has been dedicated to the auction and would become active and accessible to members of the public next Sunday while lasting for 28 days.
The requirement for any participant is to have a valid Tax Identification Number (TIN) issued by the Federal Inland Revenue Service (FIRS) with an active e-mail account. A non-refundable administrative charge of N1,000 is also required and that auctioned goods may not be replaced if the person becomes dissatisfied with it.
A successful bidder will have to make payment within five working days and may lose the auctioned item to the second highest bidder if he fails to pay within the period.
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