04, 2017 09.09 AM / News
1. The site was launched and bidding started by 12 noon yesterday Monday 3rd July, 2017.
2. To participate fully in the auction process, one must have a valid TIN number registered with FIRS.
3. Upon registration on the website https://app.trade.gov.ng/eauction, an e-wallet will automatically be created by the system for the user.
4. The user is to select any customs designated bank of his/her choice listed on the website and make payments into his/her wallet.
5. The administrative fee of NGN1000 per bid as specified on the terms and conditions page will be deducted from the e-wallet.
6. A user is allowed a maximum of 2 bids per bidding window.
7. It's pertinent to note that monies deposited in the e-wallet cannot be withdrawn afterwards, and if a bid is won, the money in the e-wallet cannot be used for the payment. So it's wise to deposit what may be enough per time for bids to be placed.
8. If a bid is won, the user has a maximum of 5 working days to pay up at any designated bank and a maximum of 2 weeks to move the item from the auction site. Failure to do so would mean the item will be automatically aloted to the next highest bidder in that bidding window.
9. Please peruse the items properly and be sure before placing a bid as all items are auctioned 'as is' to avoid stories that touch.
NB: Customs Auctions live on https://app.trade.gov.ng/eauction.
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