Afriupdate News
Tuesday, October 14, 2025
  • Home
  • NewsNew
    • Headlines
    • Africa
    • Nigeria
    • National
    • World
    • Politics
  • Life
    • Beauty
    • Culture
    • Entertainment
    • Events
    • Fashion
    • Food
    • Health & Wellness
    • Love and Relationships
    • Travel and Places
    • Music
    • TV Series
    • What’s New
  • Sports
    • Boxing
    • Football
    • Tennis
    • Other Sports
  • Business
    • Insurance
  • Technology
    • Social media
    • Gadgets
  • Features
    • Guide & Tips
    • Jobs
    • Scholarship
    • Reviews
    • Opinion
  • Submit a News TipGot Tips?
GET NEWS ALARTS
No Result
View All Result
Tuesday, October 14, 2025
Afriupdate News
No Result
View All Result
Afriupdate News
No Result
View All Result
ALERTS
  • News
  • Headlines
  • Sports
  • Business
  • Features
  • Life
  • Sports
  • Technology
ADVERTISEMENT
Home News

Lagos auctions forfeited vehicles, sells Toyota Corolla for N6.5m

Abraham by Abraham
February 15, 2021
in News
0
Lagos auctions forfeited vehicles, sells Toyota Corolla for N6.5m
Some of the auctioned vehicles

Describing it as corrective, the Lagos State government, last week, auctioned vehicles impounded by the state’s task force for flouting traffic regulations, especially driving against traffic.

The offenders were earlier charged to a mobile court and their vehicles forfeited to the government.

On Wednesday, the state’s Ministry of Justice and the Lagos State Task Force offered the over 100 vehicles to highest bidders. One of the exotic cars up for auction, a red Toyota Corolla car, went for N6.5 million as the stake kept rising against the determined car owner’s decision to have his prized vehicle back, which The Guardian learnt belonged to a company.

From an opening bid of N750,000, the bid kept jerking up as the crowd of auctioneers, agents, buyers and the car owner tried to outwit one another as the highest bidder before the bid closed at N6.5 million, more than double the market price of a used vehicle of the make.

MORE FROM AFRIUPDATE

This photo taken on June 6, 2020, shows styrofoam packs and other plastics at the bank of a canal in Festac Town, Lagos. PHOTO: TONYE BAKARE

Lagos bans single-use plastics with ‘immediate effect’

January 22, 2024
FILE: People stand next to the light rail blue line at the inauguration ceremony of the Lagos light rail blue line at Marina Station in Lagos, Nigeria, on January 24, 2023. /CFP

Lagos set to increase train trips on Chinese-built metro rail

October 12, 2023
Canoe, Isolo, Lagos on Thursday. PHOTO: ENIOLA DANIEL

Despite hike in bill, Lagos’ filth, waste worsen

May 15, 2023
Handcuffs. Photo: Getty Images

Police arrest suspected killer of Lagos businessman

May 6, 2023
ADVERTISEMENT

However, a woman was lucky as she repurchased her forfeited car with N140,000, after relentlessly appealing to all present to let her alone bid for the vehicle. But luck ran out for another woman too, as she stared blankly after all efforts to bid for her car within her reach failed. Her Toyota Camry car was auctioned for N1,150,000.

Other vehicles auctioned included a Nissan Murano at N1 million, Cabster cabin truck for N1,930,000, a Toyota Corolla for N660,000, a Mack truck went for N2.7 million and a commercial bus for N400,000.

The Guardian learnt some of those who gathered at the task force junk yard in Alausa were there to trade as licensed auctioneers, who would win bids for the cars and later resell to original owners with some extra money added. Many of the over 100 cars up for auction were commercial buses, popularly called Danfo, trucks, vans and regular private cars.

Once a bid was concluded, winners were expected to make a down payment of non-refundable 40 per cent with the balance to be paid two days later, else the bid would be cancelled.

ADVERTISEMENT

The Lagos task force chairman, Shola Jejeloye, said the process was all about a corrective action for Lagosians to comply with the traffic offences and avoid the task force confiscating their vehicles and charging them to court.

“Even for us, it is not an easy process. It is corrective rather than punitive measure and the process is fair and transparent from the point of arrest to the court and now to auction. We urge motorists to be abreast of the laws of the state, and particularly avoid driving against traffic.”

The coordinator of Mobile Courts at the Ministry of Justice, Mrs Arinola Ogbara Banjoko, said victims are allowed to defend themselves in court and if they provide genuine evidence and the court is satisfied, they would be let go but if found guilty beyond reasonable doubt, the cars would be forfeited to the state.

“Our aim is not to trade in cars, but for citizens to obey the laws and stop plying prohibited routes,” she added.

Follow our socials Whatsapp, Facebook, Instagram, Twitter, and Google News.

Related topics: Lagos auctionsLagos State
ShareTweetSendShare
ADVERTISEMENT
Next Post
Zulum

Doctor gets N14m, car from Zulum for meritorious service

The burnt cocoa farm

Police investigate cause of cocoa farmer’s death in Ibarapa

Shoes on display at Arena and Oshodi market

Traders lament low patronage on Valentines Day

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Home
  • About Us
  • Contact us
  • Advertisement
  • Privacy Policy

© 2023 Afriupdate News. All Rights Reserved

Welcome Back!

Sign In with Google
Sign In with Linked In
OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Sign Up with Google
Sign Up with Linked In
OR

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • Login
  • Sign Up
No Result
View All Result
  • Home
  • News
    • Headlines
    • Africa
    • Nigeria
    • National
    • World
    • Politics
  • Life
    • Beauty
    • Culture
    • Entertainment
    • Events
    • Fashion
    • Food
    • Health & Wellness
    • Love and Relationships
    • Travel and Places
    • Music
    • TV Series
    • What’s New
  • Sports
    • Boxing
    • Football
    • Tennis
    • Other Sports
  • Business
    • Insurance
  • Technology
    • Social media
    • Gadgets
  • Features
    • Guide & Tips
    • Jobs
    • Scholarship
    • Reviews
    • Opinion
  • Submit a News Tip

© 2023 Afriupdate News. All Rights Reserved