Customs Sets to Open e-Auction Portal on Monday, January 15th

Comptroller-General of Nigeria Customs Service, Bashir Adewale Adeniyi MFR

BY GODWIN OBI

The Nigeria Customs Service is set to open its electronic Auction Portal (e-auction) for the general public participation on Monday 15th January 2024.

In a circulated information cited by Frontline Reporters the Customs has however restricted its officers from the auction. According to the customs, owners of seized items are also ineligible to participate.

See more details below;

HOW TO PARTICIPATE

1. Ensure you possess a valid Tax Identification Number (TIN) from FIRS and an active email. Also ensure that the TIN is validated on Tax Promax

2. Sign up at https://auction.nigeriatrade hub.gov.ng

FEES AND PAYMENTS

3. Pay a non-refundable administrative fee of N,1000 via the platforms channel

4. Each bid attracts a participation fee of N1000

BIDDING DETAILS

5. Bid for a maximum of two items, with unlimited bids on these items.

6. Items are auctioned “as it is” and requests for replacements or refunds won’t be entertained.

TIMELINE

7a. Portal opens Monday 15th of January 2024.
7b. Auction dwell time is 6hours (every Tuesday 12.noon to 6pm)
Also, payment of items won is to be made within 3 days and seven days to remove the item from designated terminals after payment.

SHIPPING AND CARGO

8. Overtime cargo incurs an additional 50% charge of the winning bid (25% to shipping company and 25% to terminal operators).

9. Winners claiming items must provide necessary documentation and identification.

TERMS AND CONDITIONS

10. Nigeria Customs Officers and owners of seized items are ineligible to participate.

11. Winning bids must be validated at the Customs Area Controllers’ offices.

12. Prompt payment, 7.5% VAT, and refundable container deposit (if applicable) are mandatory.

FURTHER GUIDELINES

13. Allottee transfers and sales carry buyer’s risk. No replacements or refunds for paid charges.

NOTE

14. Interested participants must carefully consider and abide by the terms of this e-auction.

ACT NOW