EFCC Boss, Olukoyede Bags Certified Institute Of Auctioneers Award For Transparency

In his goodwill message, Olukoyede noted that the EFCC is encouraged to engage the Certified Institute of Auctioneers, Nigeria and its members especially members from Lagos chapter who over the last 10 years have upheld professionalism and integrity while practising auctioneering

EFCC boss ably represented by Mr Micheal Wetkas, Acting Director of the Lagos Directorate of the EFCC noted that it is a great milestone for CIAN Nigeria as well as its chapter in Lagos State for upholding standards, integrity, and accountability, which is a testament to upright auction practice in Nigeria.

He further stated: “As we reflect in the past decade, it is important to recognize, how auctioneering has become a vital mechanism towards contributing to the growth of the economy and redistribution of wealth in Nigeria.

“The theme of today’s discourse ‘Repositioning Auction Practice in Nigeria as a Transparent Secondary Derivative Market Space for the Public and Private Sectors’ captures the need for all practising auctioneers in Nigeria to do right by their clients in both public and private sectors as the ever-changing world is evolving with the use of technology to achieve set goals.

Moreover, Commissioner of Commerce, Cooperatives, Trade and Investment, Folashade Ambrose-Medebemthe represented by Mr. Abiodun Adesanya identified collaboration between Lagos State and auctioneers as key to growth within the sector.

She stressed on the need for practitioners to regularize their position with the state and reposition the practice especially as the Institute marks ten years.

Speaking further, Medebem described the event as a celebration of a decade of dedication, professionalism and service that illustrates the commitment and vision that members of the profession have brought to the field of auction business.

She hereby commended members’ consistency over the years and urged them to maintain professionalism and ethical practice while she canvassed a mechanism that will foster transparency, and expand the scope of auctioneering services in Lagos to become more inclusive.

In the same vein, Engr. Sunday Asade; Chief Operating Officer at A.G. Leventis, in his presentation stressed the need for continual development and a better understanding of the ever-evolving world that is headed towards artificial intelligence. “This is clearly important towards understanding what the customer wants especially in the online space.”

He advised members of CIAN to uphold the much-needed level of trust in order to attract the right kind of clients and industries to the sector.

President, FIABCI Africa & Near East Region, Adeniji Adele, stressed the need for financial institutions, technology firms, and institutional investors to participate in auction markets, particularly for trading derivatives, called for the establishment of the Chartered Institute of Auctioneers, Nigeria.

Also, Dr. Ayodeji Fred Mafikuyomi in his presentation applauded the recent effort in the public sector for greater transparency, nonetheless, bemoaning the activities in the past where public assets were sold without much accountability.

Mafikuyomi cited the sales of military helicopters bought at $53 million dollars being disposed for far less at $3million dollars which raises the question as to who bought what at what price.

Meanwhile, Chairman CIAN- Lagos Chapter; Hillary Nwaukor (CEO of i-Naira eAuction Platform) noted that the buzzword around transparency is derived from the need for auctioneers to do things right because a self-proclaimed auctioneer without integrity is not an auctioneer.

He further thanked the Lagos State government for providing an enabling environment in the last 10 years for auctioneers to thrive within the state via the passage of the Lagos State Auction Act into law.

Read more at News Nigeria Online https://newsnigeriaonline.com.ng/efcc-boss-olukoyede-bags-certified-institute-of-auctioneers-award-for-transparency/