The electronic auction portal will be open to the public from July 1, 2017 and it will be open for 28 days after that.
The first auction on the NCS’ new portal will be the first under Comptroller- General of Customs, Col. Hameed Ibrahim Ali (Rtd) and the Service hopes to raise as much as N1 trillion in revenue from the proceeds.
“After repeated tests of the e-auction platform, the Nigeria Customs is now set to deploy the e-auction portal on the July 1, 2017,” said Joseph Attah, Public Relations Officer of the NCS, in a statement, as reported by Innovation Village.
“The portal is now fully networked to designated banks to ensure money accruing from the auction gets to the Central Bank of Nigeria’s Treasury Single Account for transparency and accountability.”
A Daily Trust report says the electronic auction portal will be open to the public from July 1, 2017 and it will be open for 28 days after that.
Anyone willing to participate in the auction must have a valid Tax Identification Number (TIN) as issued by the Federal Inland Revenue Service (FIRS) as well as an active e-mail account.
An “administrative fee” of N1000 will be charged and auctioned goods may not be replaced if the buyer is not satisfied with it.
Payment has to be made in within five days of winning the auction bid and a bidder may lose their bid to the second highest bidder if they fail to pay within the five-day window.
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