LAGOS JANUARY 22ND (NEWSRANGERS)-Authorities in the United States have auctioned a luxury wristwatch and a necklace seized from Abidemi Rufai, a former Ogun State official who served a jail term in the United States of America. The United States District Court for Western Tacoma in Washington jailed Abidemi Rufai on 26 September 2022 for wire fraud and…
LAGOS JULY 12TH (NEWSRANGERS)-In line with extant laws and the approval of the comptroller-general of customs, Mr Bashir Adeniyi, the Sokoto/Zamfara Command of the Nigeria Customs Service (NCS) has auctioned seized 55,164 litres of Premium Motor Spirit (PMS) within the period under review. The PMS was auctioned to the general public at a token of…
LAGOS OCTOBER 27TH (NEWSRANGERS)-The House of Representatives yesterday called on the federal government to auction all police barracks across the country to enhance their welfare. The Green Chamber also asked the Ministry of Interior and Ministry of Police Affairs to liaise with the Bureau of Public Enterprise (BPE) to immediately assess the value of all…
LAGOS JUNE 9TH (NEWSRANGERS)-Days after the Central Bank of Nigeria denied Daily Trust’s report that devaluation may be in the cards, it auctioned dollars, Wednesday, at N645 apiece – a rate that was almost 30% weaker than on the tightly controlled official market. According to Bloomberg, the naira sank to a record low yesterday, as…
LAGOS JANUARY 20TH (NEWSRANGERS)-Obianuju Catherine Udeh aks DJ Switch, has berated the Lagos State Government concerning the order it secured from a mobile court to auction 88 cars seized from traffic offenders in the state. THEWILL recalls that the Lagos State Task Force on Environmental Sanitation and Special Offences (Enforcement Unit) had stated that it…
By Ikenna Lansar Aghaji LAGOS NOVEMBER 12TH (NEWSRANGERS)-Like the traditional market where a commodity’s final selling price is based on the decisions of two parties (the seller’s marketing skills and the buyer’s bargaining prowess), transactions via an auction also confers the same authority on the potential buyers and seller of a particular item. In an…
LAGOS JULY 12TH (NEWSRANGERS)-If you happen to have any Tupac memorabilia laying around, you may be sitting on a fortune. In the last few months, items related to late rapper Tupac Shakur have found their way to auction blocks. In January, a raunchy, hand-drawn photo created by Tupac fetched $21K at auction, and we previously…