The Nigeria Customs Service (NCS) announced that it successfully raised over N500 million from the sale of seized and overdue vehicles through its e-auction portal, spanning from January 16 to February 13, 2024.

This achievement was highlighted in a video shared on the Nigerian Customs Service’s official X account on Sunday, detailing the triumph of the e-auction events across five windows, from Tuesday, January 16, to Tuesday, February 13, 2024.

The NCS reported that the e-auction attracted considerable interest, with 13,605 individuals registering to participate.

Furthermore, the update disclosed that throughout the five auction windows, 476 vehicles were listed on the portal, out of which 462 were successfully auctioned to bidders.

“The total value of won vehicles is N556,738,736,” the post further highlighted.

Earlier, Nairametrics reported that the Customs declared the e-auction portal would be open for bids every Tuesday, from 12 noon until 6 pm.
To participate, bidders are required to have a Tax Identification Number (TIN) from the Federal Inland Revenue Service (FIRS), verified through Tax Pro-Max, and an active email account for registration on the platform.