FG screens 613 independent valuers for seized assets

23 Oct FG screens 613 independent valuers for seized assets

The inter-Ministerial Committee on the disposal of assets forfeited to the Federal Government has conducted a ballot picking exercise for 613 independent valuers.

During the exercise on Friday, the Chairman of the committee, Mr Mohammed Etsu, said that the assets disposal process anchored on transparency and accountability in line with international best practices.

According to him, the sub-Committee in charge of valuation and due process carried out the technical evaluation of the bids received from interested estate surveyors that indicated interest in the disposal of the forfeited Federal Government assets.

“A total of 613 proposals for the consultancy services were received at the expiration of the deadline for submission of bids.

“The Inter-Ministerial Committee on Disposal of Forfeited Assets adopted competitive bidding for the engagement of consulting estate surveyors and valuers for the valuation of forfeited assets.

“Accordingly, 284 bid for valuation of developed landed properties, both residential, commercial, institutional and underdeveloped plots of lands for disposal.

“Valuation of plants, machinery, motor vehicles, furniture and equipment for disposal received 229 proposals while 75 companies bidded for valuation of water vessels for disposal.

“25 companies bided for valuation of jewelries, ornaments and clothing materials for disposal,’’ he said.

Mohammed, who is also the Solicitor-General of the Federation, however, noted that only clothing materials were available for valuation at the moment, because jewelries were still subjected to litigation.

He reminded the successful valuers of the need to exhibit professionalism and ensure efficient and expedient valuation of all Federal Government forfeited assets.

Hajiya Ladidi Mohammed, Head, Assets Recovery and Disposal Unit, Office of the Attorney General of the Federation, said that the procedure of selection was quality based method.

Mohammed, who is also the Secretary of the Inter Ministerial Committee, said that the consultancy fee would be based on agreed percentage from the proceeds of the disposed assets.

The Chairman of the Media Committee, Mr David Ugolor, solicited for the cooperation of the media and the independent valuers as crucial to a successful conduct of the activity.

Ugolor said: “I am imploring the media and all independent valuers participating in today’s event to accord their maximum cooperation, to ensure that this is conducted with utmost transparency.