CIAN Honours I-Naira For Transparency [2018]

The Certified Institute of Auctioneers of Nigeria (CIAN) has given i-Naira Integrated Resources Limited an award for maintaining industry standard and professionalism over the years.

i-Naira, the first online auction company in Nigeria was bestowed the award after being  adjudged as transparent by the Organised Private Sector (OPS).

Its founder and Chief Executive Officer Hillary Nwaukor received the company’s award and stated:

“I feel honoured owing to the fact that an idea to build an auction solution for the Organised Private Sector (OPS) five years ago has become a reality; not only has it become a reality, we have equally become a force to reckon with after three years of operations.

Thus, indeed, I am happy and thankful to the registrar Mr. Adeleke Hassan, the chairman of Lagos state CIAN chapter, Dr. Jogunola Onabanjo and the governing council of Certified Institute of Auctioneers for the recognition. auction system is a stable software that is designed with transparency as the organisation’s watchword, therefore, our customers and clients alike are happy with bid outcomes whenever we run an auction event online.

Emphatically, there can’t be any more assurance or validation required to evidently demonstrate the strategic importance of auction solution in closing the transparency gaps in auction processes in Nigeria while giving corporate entities the opportunity to earn more from assets they consider fully depreciated in their accounting books.” was recently engaged in April/May 2018 to dispose of the assets of Mobilising for Development (M4D) – a DFID sponsored project in Kano, Jigawa, and Kaduna.

Hon. Justice Samuel Ilori, former Chief Judge of Lagos State, said that the auction profession is witnessing a great leap and bound in Nigeria, however a new baby in the public and private sector.

According to Olayinka Oladunjoye, the Commissioner for Commerce and Industry (Lagos State), the State Government will not relent in its efforts in designing and implementing innovative policies that would strengthen auctioning practice.

The Commissioner disclosed that the government is at the forefront of creating a conducive business environment to make auctioneering practice more operational and attractive in Lagos state.

Mr. Oladunjoye further stated that the state government has written agencies of government (state and federal), manufacturing companies, insurance companies as well as financial institutions within the state on the implication of auctioning their assets without working with a recognised and licensed auction company in Lagos.

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