Current User: guest

Register | Login

Auction Home


Auction Rooms


Schedule Auction


Auction House Rules

Billboard Auction Rules & Regulations

Due to their limited number, each Billboard will be auctioned out. These rules and regulations have been put into play to ensure fair competition between bidders. These include the following:
  1. The Auction Process
    • The auction house deals in Nigerian Naira only, this is currently the only supported currency.
    • Auctions can be scheduled by registered users and will typically last between 1 and 7 days.
    • The item being auctioned will be sold to the highest bidder only at the end of the auction.
    • The item being auctioned will be describe accurately, truthfully and completely. However, we strongly recommend that you contact the owner of the item should you have any further enquiries before you place a bid.
    • For every auction, bidding starts at the reserve price of that particular item.
    • Some specific auctions may include a buyout price that any bidder can accept to pay at any time during the auction period and instantly win that particular auction.
    • We encourage only serious participants and urge everyone to conduct themselves in a civilized manner; unruly behaviour will result in automatic eviction, disqualification and the possibility of an outright account ban.

  2. Bidding on Items
    • You must be a registered user to bid on items.
    • By bidding, you are stating that you are ready, able and willing to purchase that item for your bid amount. Ensure you bid within your means and that you can cover the funds which you commit to while bidding.
    • If you are outbid, or your bid does not meet the item's reserve price, you are under no obligation to buy.
    • If you win the auction, you are entering an agreement with LGTNigeria to buy the item, and to deliver payment within the specified time period. Failure to do so will incur penalties including the imposition of restrictions on your account which may culminate in temporary or even full bans.
    • Your bids are final and non-retractable, if you can't pay on time then please don't bid.
    • Your minimum bid amount must be at least N100 more than the previous bid amount.
    • There is no maximum bid amount for any item on auction.
    • Merchants cannot bid in auctions that they scheduled.
    • There is no maximum bid amount for any item on auction.
    • Not chain bidding; users cannot place a bid on an item that they were the last to bid on.

  3. Winning the Auction
    • On winning the auction, the item will be added to your list of orders and an online Invoice will be generated unique to this order. Please refer to the "How to Order" documentation, in particular starting from Step 4 on how to make payment.

      Note: An order that originated from an auction cannot be cancelled without incurring the penalties addressed in Step 2d.

Follow Us on Follow Us on Facebook Facebook™ Follow Us on Twitter Twitter™ Follow Us on LinkedIn LinkedIn™ Follow Us on YouTube YouTube Follow Us on Google+ Google+ Follow Us on BlackBerry BlackBerry® Subscribe Subscribe LGTNigeria RSS FeedsRSS Feeds

In Partnership With

Home Page
Lagos Business Map
About Us
Contact Info
Windows App
LGTNigeria Blog
Job Vacancies

Advertise With Us
Business Listings
Priority/Sponsored Listings
Website Banners
Spot of the Month
General Listings
Special Deals & Offers
Suggest a Company

Member Login
User Registration
Cinema Movies New!
Profile Page
Image Upload
Add To Favorites
Mobile Site

Customer Support Forum
Terms & Conditions
Mobile Data Entry New!
How To Order
How To Purchase
Author Rules
Auction House Rules Internet Directory Listing

making IT easier

Let's Go There: Nigeria!™
Nigeria's Premier Business Listing & Advertising Platform.

©Copyright 2002-2011 HexGEAR™. All rights reserved.