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NEWS EXPRESS is Nigeria’s leading online newspaper. Published by Africa’s international award-winning journalist, Mr. Isaac Umunna, NEWS EXPRESS is Nigeria’s first truly professional online daily newspaper. It is published from Lagos, Nigeria’s economic and media hub, and has a provision for occasional special print editions. Thanks to our vast network of sources and dedicated team of professional journalists and contributors spread across Nigeria and overseas, NEWS EXPRESS has become synonymous with newsbreaks and exclusive stories from around the world.
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As the Economic and Financial Crimes Commission (EFCC) begins bid opening for the assets recovered by the commission as proceeds of corruption, the bids for 24 units of luxury flats located at Banana Island in the highbrow Ikoyi area of Lagos State have failed.
At the commencement of the bidding exercise held at the Convocation Square of the National Open University headquarters in Abuja, a bidder who turned in the highest bid of 13.1 billion naira was disqualified for failure to include the stipulated 10% of the bid amount.
Other bidders including the Nigerian Army Welfare Limited By Guarantee and the Lagos State Development and Property Corporation made offers of 2.4 billion naira and four billion naira respectively which according to the commission did not meet the preserve amount for the properties.
Consequently, the Secretary to the Commission, George Ekpungu announced a new date for the bidders to resubmit their bids. (Channels TV)
