Terms and Conditions
Please Read Carefully
1. Participation is free in this online auction handled by LANSAR AGHAJI & CO. and you must be 18years and above.
2. 10% Buyers premium is paid on the amount purchased by successful buyers and also A 7.5% VAT on buyers premium
3. Indiscriminate and callous bidding will be met with eviction from the bidding room. Bidding without money to pay will attract a ban from all our future e-auctions, so be sure you are financially ready before you bid. If the current bid for an item is higher than your financial capacity, please leave it and move to another item you can afford.
4. All items are sold “AS IS” and “WHERE IS” with no warranty expressed or implied. All sales are final, No refunds or returns will be allowed.
5. Removal of won items is the sole responsibility of the winner. We will not assist in the dismantling or removal of items won.
6. Auction commences 11:00 AM to 4:00 PM on Monday, 27th January, 2025
7. The auction is open to the general public throughout Nigeria for the duration of the bidding period stated above.
8. Asset Viewing is free on website.
9. Prospective bidders will only be granted viewing access to view the vehicles in the respective lots on the websites from Monday 20th January to Monday 27th January, 2025
10. No asset will be sold below its reserve price.
11. A winning bid can only be equal or above the Commission’s reserve price.
12. Any person who places the highest bid for an asset will be declared the winning bidder of the asset at the end of the auction.
13. Upon declaration of winning bidder, a 100% payment via Remita, Retrieval Reference (RRR) to be issued by Auctioneer for direct payment to Government TSA.
14. Successful bidder will have 24 hours window to make full payment.
15. A7.5% VAT will be charged added to the “SOLD” price and must be paid to Government TSA
16. At the expiration of the payment window of 24 hours, consequent upon the failure of the Winning Bid to make payment, the second highest bidder will be offered the asset with payment to be made within 24hours
17. A Release Note will be issued by the Seller for each item won and sent to all buyers after confirmation of payment. The Release Note will be used by buyers to pick up any items won.
18. The Commission reserves the right to withdraw any and all assets during the auction process.
NB:
The Exercise is not open to:
- Staff of Economic and Financial Crimes Commission (EFCC)
- Persons, groups or organizations against whom the forfeiture order is made.
If you are having problems with the process, you can call +2348037082245 for our customer care to help you.
By clicking on the “I AGREE” button, you hereby agree and are bound by the terms & conditions listed above.
I HAVE READ AND UNDERSTOOD ALL OF THE FOLLOWING TERMS AND CONDITIONS OF THE AUCTION.
I HEREBY AGREE TO BE BOUND BY THE FOLLOWING TERMS AND CONDITIONS.
I FURTHER AGREE TO BE RESPONSIBLE AND PAY FOR ALL PURCHASES.