The exercise, which took place at the premises of the Federal Ministry of Justice, Abuja, was supervised by the Inter-Ministerial Committee on the Disposal of Forfeited Assets.
The assets were recovered from alleged treasury looters and forfeited to the government on the order of courts.
Apata, who doubles as the Permanent Secretary of the Ministry of Justice and Solicitor General of the Federation, said the forfeited assets included landed properties, plants, machinery, motor vehicles, electronics, furniture and equipment, water vessels, jewelry, ornaments, as well as clothing materials.
Apata said the committee had earlier embarked on onsite verification and auditing of the forfeited assets to confirm their existence and to ascertain their current state.
He said the committee carried out proper valuation of all the assets in accordance with international best practices and was able to ascertain their current market values.
While assuring all the bidders of fairness and equal treatment, Apata disclosed that no member of the committee or any estate valuer firm that participated in the valuation process would be allowed to partake in the auction.No tags for this post.