National president of the association, Aliyu Mohammed Kiliya, said online auction or internet auctioning of unserviceable and perishable items is tantamount to delay and loss of revenue.He said sales deals on special items like brand new vehicles, plants and machineries should be sold online and not unserviceable or perishable items as the case of those recovered assets that are mostly vehicles and other items that are now beyond economic repairs.
“We sincerely appreciate the Government joint committee chaired by the Honorable Minister of Justice, Abubakar Malami for working tirelessly to ensure that due process are followed to avoid litigation and by extension for inviting all auctioneers that expressed their interest to submit their bids as stakeholders of the business and also participate as observers.
“The committee have demonstrated high level of transparency. Most potential buyers prefer open competitive Auction sales of unserviceable and perishable items. Online auction sales can result to hard sales due to lack of physical access to the items which can lead total decay of the items involved.
eBay is making hundreds of millions of dollars from the online auction market. The only reason for refusal to approve online auctions in this clime is because of kickbacks and corruption.
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