The Chief Executive Officer (CEO) of Asper Online Auto Auction, Saheed Ashogbon, has disclosed plans to introduce $100 million virtual auto auction model similar to what is obtainable in the United States.

Speaking with journalists in Lagos, he disclosed the virtual auction model include selling abandoned, disused and privately owned vehicles nationwide. “I want to introduce a business that will benefit the country. I propose to bring an auction platform from the USA to sell all disused and abandoned vehicles across the country, “ he said.

He said the company is planning to establish its headquarters in Lagos and set up branches in all 36 states of the country, including the Federal Capital Territory (FCT) Abuja.

The business tycoon, however, expressed displeasure over what he described as government’s attitude to a proposal he wrote to state governors and the President in securing land for vehicle impoundment facilities.

Ashogbon revealed that research conducted by his company identified more than 500,000 indiscriminately parked and abandoned vehicles in Lagos State alone.

He said: “I wrote 14 letters and reached out to several state governments and the Federal Government, but I did not get the required support, especially in terms of land acquisition.”

Despite these challenges, Ashogbon noted he is resolute and remains committed to changing narratives of vehicle sales and contributing to the growth of the nation’s economy.