Auctioneers demand probe of MDAs’ asset disposal process

The Nigeria Auctioneers Association has demanded a probe into the asset disposal process of ministries, departments, and agencies (MDAs) in Nigeria, accusing them of bypassing licensed auctioneers and violating due process. The association specifically criticized the Nigeria Customs Service for creating internal structures to value and dispose of seized and public assets, which they claim has led to the loss of substantial revenue and undermined transparency in public property management.

Association President Musa Kurra emphasized that government agencies should engage licensed auctioneers to auction off seized properties, stating that the practice of MDAs assuming the roles of both custodians and auctioneers is detrimental to the government's financial interests.

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