According to the committee, the documents presented showed that Peugeot Expert Ambulance with market value of N200,000 was sold at forced liquidation/auction value of N95,000.
Honda Civic Saloon Car with market value of N170,000 was sold at N76,500.
Toyota Hilux (Grounded) with market value of N300,000 was sold at N140,000.
Another Toyota Hilux (Accidental) with market value of N200,000 was sold at N96,000
Aother Toyota Hilux (Grounded) with market value of N250,000 was sold at N115,000.
Two units of Toyota Hilux which was at the time of inspection in the custody of Carbotage Consultant in Lagos, put at N1 million market value, was sold at N470,000 each forced liquidation/auction value.
Honda Civic put at N210,000 was sold at N95,000.
Honda City put at N190,000 market value was sold at N80,000.
Through its office in Abuja, a Toyota Hilux put at N500,000 market value was sold at N245,000.
Toyota Avensis put at N300,000 market value was sold at N145,000.
Toyota Corolla put at N300,000 market value was sold at N147,000.
Two units of Honda Civic put at N90,000 market value were sold at N30,000 each.
NIMASA’s Executive Director, Mr. Chudi Offodile, announced during the resumed investigative hearing of the committee chaired by Hon. Julius Ihonbvere, that due process was followed.
Other lawmakers who spoke during the investigative hearing, demanded for documentary evidence of funds remitted into the CRF account as provided by extant provisions of the Procurement Act, Proceed of Crimes Act, and other known legislations or financial regulations.
Offodile, who denied knowledge of the provisions of the Public Procurement Act, 2007, on the remittance of the funds generated from the sale of public assets, affirmed that the proceed of sales was paid by the Auctioneers into NIMASA’s coffers.