In a bid to enhance transparency and inclusivity in the disposal of seized goods, the Nigeria Customs Service has introduced an innovative e-Auction platform.
This digital initiative allows individuals to participate in the auctioning of various items, including cars, through the official Customs e-Auction website.
Below are the detailed steps for those interested in engaging with this groundbreaking approach.
1. Registration on Customs e-Auction Site
Visit the official e-Auction site: https://auction.nigeriatradehub.gov.ng.
Create an account by providing necessary personal information.
Agree to the terms and conditions set by the Nigeria Customs Service.
2. Verification Process
Participants are required to present a valid Tax Identification Number (TIN), an email address linked to their TIN, and a phone number for verification.
The Nigeria Customs may perform a verification process to confirm the participant’s identity.
3. Administrative Charge
Pay a nominal Administrative Charge of N1,000 for a successful sign-up on the Customs Service e-Auction platform.
4. Fund E-Wallet
Log in to the auction site.
Create an e-wallet and fund it to enable bidding on displayed items.
5. Viewing e-Auction Listings
Browse through the listings of items available for auction.
Review details, descriptions, and conditions of the items.
6. Bidding Period
The auctions are periodic, opening every Tuesday at noon and closing at 6 pm.
Participants of the Nigeria Customs auction can bid on up to two items in a window, with the option to place repeated bids for increased chances of winning.
7. Notice of Winning Bid
Participants with the highest bids are notified immediately after the bid period ends.
Winners must download their winning certificates promptly via the provided link sent to their email.
8. Payment
Winners are required to pay for the items won within a specified time frame.
Payment methods and instructions are provided on the e-Auction site, and money should not be paid into any entity’s personal account.
9. Clearance Process
Winners must provide the winning certificate at the location where their goods are kept.
The clearance process takes seven days.
10. Terms and Conditions
Nigeria Customs Officers and owners of seized items are ineligible to participate.
Winning bids must be validated at the Customs Area Controllers’ offices.
Prompt payment, including a 7.5% VAT, and a refundable container deposit (if applicable), are mandatory.
This digital leap by the Nigeria Customs Service aims to streamline and democratize the auctioning process, providing a seamless experience for participants interested in acquiring seized goods.**
Share on Facebook «||» Share on Twitter «||» Share on Reddit «||» Share on LinkedIn