i-NAIRA.COM | eAUCTION

SECURED, SCALABLE & TRANSPARENT

STEPS TO BIDDING

1. Register

Register with your Nigerian Phone number; this must be verified with a One Time Pass (OTP). Then proceed to pay your sign-up fees of N10,000. This fee is not specific to any of our clients selling on i-Naira.com. This is an onboarding fee that gives you access to any assets auctioned on this platform.

Please note, if you are interested in only EFCC Project and do not wish to bid when other clients are selling, you can use the payment bypass code EFCC10 to complete your registration for free.

2. Bid

Enter an auction room and bid. You can bid multiple times as well as for many items that you can afford to pay.

Please do not bid for assets that you may not be able to pay for.

3. Win & Pay

Win and pay (Hammer price, VAT 7.5% & Buyers' fee of 10%). Thereafter, you will get your auction certificate of award. Failure to pay for won items, will attract a ban.

Timed Forward Auction

Our auction is transparent and timed, thus all bidders face equal time and chance.
Bid history is available for scrutiny during and after the bid.

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i-Naira eAuction - How it works - Video

SERVICES

PRIVATE AUCTION

Authorised/prequalified bidders can access the Auction Room with an ACCESS CODE provided by the client.
Conducted online. Room entry fees may be required.

PUBLIC  AUCTION

Open to all users. No Access code required. No room entry fees. No restrictions to the public.
Conducted online.

SPOT/DISCREET SALES

We support entities to sell goods discreetly; acting as the middleman while leveraging on our pervasive buyers' contact within the disposal ecosystem.
Privately conducted offline.

CLIENTS

Public Sector

EFCC

Financial Institutions

ECOBANK
NCR
HERITAGE BANK

Embassies & International Development Organisations

British High Commission Abuja
British High Commission Lagos
DAI International development company
Palladium
Oxford Policy Management

Non Governmental Organisations & Programmes

Propcom Mai-Karfi
Market Development in Niger Delta
M4D
Nigerian Conservation Foundation
The Facility for Oil Sector Transparency and Reform (Foster)
Save the Children
Enhancing Financial Innovation & Access (EFInA)

Insurance, Maritime & Multinational Companies

Nigerdock
PepsiCo
Old Mutual
AIICO Insurance American International
emPLE Insurance company

PROFFESSIONAL MEMBERSHIP

CERTIFIED INSTITUTE OF AUCTIONEERS, NIGERIA (CIAN)

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Thank you

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