NAA Cautions Govt Agencies Against Violating Enabling Legislation in Auctioning Forfeited Assets
Linus Aleke in Abuja The Nigerian Auctioneers Association (NAA) has cautioned government institutions against violating the legal instruments governing the auction of forfeited assets, stating that the process for auctioning public
The Nigerian Auctioneers Association (NAA) has issued a caution to government institutions against violating the legal framework governing the auction of seized assets. According to the association, only licensed auctioneers are authorized to auction assets or property on behalf of the government or corporate entities. During a press conference in Abuja, NAA President Alhaji Musa Kurra warned government agencies against dealing with any impostors pretending to be the association's leader.
Kurra emphasized that his four-year term as president will conclude in 2027, and any unauthorized individuals attempting to operate under his name are illegitimate. The NAA, recognized by Nigerian law, states that government agencies attempting to bypass legal procedures risk tarnishing their credibility. The association called for an end to the illegal establishment of the Direct Auction Administration Department and urged government entities to adhere to the Proceeds of Crime (Recovery and Management) Act, 2022 (POCA), and the Public Procurement Act, 2007 (PPA).
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