Some bidders in Ibadan have decried the high prices placed on the cars being auctioned in Ibadan by the Economic and Financial Crimes Commission, EFCC.

 Two of the bidders, Mr Salami Abiola and Mr Adeniran Adebayo said the high prices on the cars were meant to scare away some potential buyers.

 Mr Abiola and Mr Adebayo urged the Federal Government to intervene in the exercise before it ended.

Meanwhile, some lucky bidders had started making payments for the cars according to the procedure of the EFCC.

Speaking with Radio Nigeria, the President Nigeria Association of Auctioneers, Mr Aliyu Kiliya expressed satisfaction with the EFCC and the bidders.

Mr Kiliya said the payment for the auctioned cars would go to the account of the Federal Government.

The EFCC announced last week that seized vehicles and properties would be auctioned at some centres this week.

Funmilola Obagbayegun

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