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Terms & Conditions

Please review and accept these terms to browse Rainoil Limited's asset auctions.

1. Sold As-Is, Where-Is

All assets listed on this platform are decommissioned or surplus property of Rainoil Limited, offered for sale strictly on an as-is, where-is basis. Rainoil makes no warranty, express or implied, as to the condition, fitness for purpose, or merchantability of any asset. Bidders are strongly encouraged to inspect an asset in person before bidding.

2. Eligibility & Sign-in

This platform is open to Rainoil Limited staff only. You must sign in with your Rainoil Microsoft work account before placing a bid. Accounts are personal and may not be shared; you are responsible for all activity under your account. Every bid is recorded and available to Internal Audit.

3. Bids Are Binding

Every bid you place is a binding offer to purchase the asset at that price. Bids cannot be withdrawn once submitted. Only bid amounts you are prepared and able to pay. The highest valid bid standing when an auction's countdown reaches zero wins that auction.

4. Payment & Collection

Winning bidders will be contacted by the Admin & Protocol Department using the details on their account to arrange payment and collection. This platform does not process payment online. Failure to complete payment and collection within the timeframe communicated by the Admin & Protocol Department may result in forfeiture of the winning bid and re-listing of the asset.

5. Rainoil's Rights

Rainoil Limited reserves the right to withdraw, reschedule, or cancel any listing at its discretion, and to reject any bid it reasonably believes to be fraudulent, made in bad faith, or in breach of these terms, without liability to the bidder.

6. Governing Law

These terms are governed by the laws of the Federal Republic of Nigeria. Any dispute arising from use of this platform or an auction conducted on it shall be subject to the exclusive jurisdiction of the Nigerian courts.

Rainoil
2015 Toyota Coaster — MUS 381 DQ
Live NowVehicle

2015 Toyota Coaster — MUS 381 DQ

White 2015 Toyota Coaster staff bus, 26-seater.

Location: Rainoil Head Office, Lagos

Description

This Toyota Coaster served as a staff bus and has been fully utilized and replaced with a newer unit. It is being disposed of in accordance with company asset disposal policy, following review by Audit and Finance and approval by Executive Management. Sold strictly as-is, where-is.

Specifications

Make / Model
Toyota Coaster
Registration No.
MUS 381 DQ
Year of Purchase
2015
Original Purchase Cost
₦12,890,000
Former Use
Staff Bus
Current Book Value
₦100

Condition Notes

  • Transmission ageing due to oil shortage
  • Engine ageing due to oil shortage
  • Bad braking and clutch system
  • Rough body condition
  • Exhaust and catalyst require attention

All assets are sold strictly as-is, where-is. Bidders are encouraged to inspect assets in person prior to bidding.

Starting bid

₦1,800,000

0 bids · Increment ₦50,000

 
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Bid increment: ₦50,000

Bid History

No bids yet. Be the first to bid on this asset.

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