Established to provide professional qualifications of the highest standards through its training courses and seminars, sharing of experiences, and ideas and development of contacts between members nationally and other auctioneers’ institutes around the globe.
1. Sets the Professional standard, train and educate individuals as the case may be in the act of auctioneering practise in Nigeria.
2. Provides proficiency training for auctioneers and award trainees with proficiency certificates.
3. Organise conferences, seminars, training, and workshops to impact more knowledge and issue attendees the certificate of participation.
4. To issue and award professional training certificate qualifications in auctioneering to members.
5. To make auctioneering a teaching subject and course of study in Nigerian Universities and Polytechnics.
6. Restores discipline by way of re-instating decorum in auctioneering practice in Nigeria.
7. Conducts research and publish the outcome of such in auctioneering.
8. Conducts and provides consultancy services to individuals and organisations in auctioneering.
9. Increases public awareness and understanding of auctioneering as a vital business factor with a contribution to make to the nation and prosperity of Nigerians.
10. At the same time, it seeks to participate in National Public Affairs by representing the Government at all levels and other national bodies for the common good of the auction industry and national prosperity.