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FEDERAL MINISTRY OF JUSTICE-

REQUEST FOR PROPOSAL FOR THE VALUATION OF FORFEITED ASSETS TO THE FEDERAL GOVERNMENT OF NIGERIA

FEDERAL MINISTRY OF JUSTICE
PLOT 71B SHEHU SHAGARI WAY, THREE ARMS ZONE ABUJA
REQUEST FOR PROPOSAL FOR THE VALUATION OF FORFEITED ASSETS TO THE FEDERAL GOVERNMENT OF NIGERIA

INTRODUCTION
The Inter-Ministerial Committee on Disposal of Forfeited to the Federal Government was inaugurated by the Attorney General of the Federation and Minister of Justice pursuant to provisions of the Asset Tracing, Recovery and Management Regulations, 2019. The initiative was as a result of President Muhammadu Buhari’s directive in October 2020 which is also a fall out from the recommendations of the Presidential Audit Committee on Recovery and Management of Stolen Assets in 2018, where the Committee recommended the need for efficient management of the recovered assets and for proper coordination and disposal of assets forfeited to the Federal Government.

The Committee in keeping with its mandate and in compliance with the provisions of the Public Procurement Act, 2007, intends to engage the service of consulting Estate Surveyors and Valuers with relevant experience and good record of accomplishments for the procurement of the under listed services

S/N LOT NO DESCRIPTION OF SERVICE
1 Lot 1 VALUATION OF LANDED PROPERTIES
2 Lot 2 VALUATION OF PLANTS, MACHINERY, MOTOR VEHICLESELECTRONICS, FURNITURE AND EQUIPMENT
3 Lot 3 VALUATION OF WATER VESSELS (CANOES, BOATS, BARGES, SHIP)
4 Lot 4 VALUATION OF JEWELRY, ORNAMENTS AND CLOTHING MATERIALS

SCOPE OF SERVICE
The service is to ensure proper coordination and valuation of Federal Government’s assets and to promote a uniform, harmonized and transparent procedure for disposal of forfeited assets in line with the anti-corruption drive of this administration.
The consulting Estate Surveyors and Valuers will ensure efficient and expedient valuation of all Federal Government of Nigeria forfeited assets.

The Method of selection is Quality Based Selection Method (QBS) while the Consultancy fee will be based on agreed percentage from the proceed of the disposed assets.

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