DEADLINE: 6TH APRIL, 2021
ASSET MANAGEMENT CORPORATION OF NIGERIA (AMCON)
INVITATION TO BID FOR PROPERTY FOR SALE
The Asset Management Corporation of Nigeria (AMCON) in fulfilment of its objectives and exercise of its statutory duty of efficiently resolving Eligible Bank Assets purchased from various eligible financial institutions in Nigeria, offers the following property for sale to interested members of the public. Further details of the property available for sale, can be found on the following website: www.amcon.com.ng
ELIGIBILITY TO PARTICIPATE:
To participate in the process, an interested party must meet the following criteria:
(i) Individual/Corporate entity must not be indebted to AMCON;
(ii) Directors of interested companies must not be indebted to AMCON; and
(iii) Individual must not be an AMCON employee, a relative of an AMCON employee or member of the Board of AMCON.
BIDDING PROCESS:
(i) A competitive bidding process has been adopted for the disposal of the properties.
(ii) Bid forms are available from the coordinating agent, Osy Kamalu & Associates: 09051331416, 08036274306. Alternatively, they can be downloaded from AMCON’s website www.amcon.com.ng under Asset Disposal – Assets for Sale or requested by emailing amcon.disposals@amcon.com.ng; osykamaluassociates@gmail.com or osykamaluagency@gmail.com
(iii) Bid forms must be submitted alongside 10% of the bid amount in Certified Bank Drafts payable to the Asset Management Corporation of Nigeria or evidence of the transfer of 10% of the bid sum to AMCON via the Remita platform, details of which are provided with the bid forms. Where bank drafts are provided, please note that if the deposit sum exceeds N10million multiple certified bank drafts must be provided.
(iv) The bid submission must be made in a sealed envelope with “Bid for Property” inscribed on the top left corner of the envelope.
( v) The Certified Bank Drafts and transferred funds of unsuccessful bidders will be refunded once the bidding process is concluded.
(vi) The successful bidder will be required to pay the 90% outstanding balance of the bid price within 15 calendar days of the bid submission deadline, failing which the 10% deposit becomes non-refundable and the property can be offered to other buyers.
(vii) Bids cannot be withdrawn or cancelled once submitted.
SUBMISSION OF BIDS LAGOS:
(i) Bids for properties located in Lagos, Rivers, Ogun, Abia, Oyo and Delta state, must be sealed and submitted in the designated bid box at the following address:
Asset Management Corporation of Nigeria (AMCON)
67, Marina Street, Lagos Island, Lagos
(ii) The deadline for the submission of bids is 12:00 noon Tuesday, April 6, 2021
(iii) All bids submitted in Lagos will be opened at the AMCON office where the bids were submitted at 1:00pm, Tuesday, April 6, 2021
SUBMISSION OF BIDS ABUJA:
(i) Bids for properties located in Abuja must be sealed and submitted in the designated bid box at the following address:
Asset Management Corporation of Nigeria (AMCON)
Plot 417, Tigris Crescent, Off Aguiyi Ironsi Road, Maitama, Abuja
(i) The deadline for the submission of bids is 10:00am Wednesday, April 7, 2021
(ii) All bids submitted in Abuja will be opened at the AMCON office where the bids were submitted at 11:00am Wednesday, April 7, 2021
OPENING OF BIDS:
(i) All bidders and / or their representatives are welcome to be present at the bid opening. The highest bid for each property will emerge the winner subject to the highest bid being equal to or above the reserve price. Results will be announced immediately after the conduct of the exercise.
(ii) In the event of a tied bid at the bid opening or where none of the bids match or exceed the reserve price, bidders will be required to submit fresh bids at the bid opening. The outcome of the fresh bid submissions will be announced at the bid opening.
(iii) Conclusion of sale of some properties, due to size, may further be subject to higher authority approval.
PROPERTY INSPECTION:
All interested bidders are invited to contact the Coordinating Agent, Osy Kamalu & Associates – 09051331416; 08036274306 for guided inspections of the properties and enquiries. The properties will be sold on an “as is” basis.
For further information and clarification please visit our website www.amcon.com.ng or email AMCON at amcon.disposal@amcon.com.ng
SIGNED:
The Secretary,
Asset Sale & Negotiation Committee
417, Tigris Crescent Off Aguiyi Ironsi Street,
Maitama, Abuja.
This publication and process neither creates any commitment nor establishes any binding or legal obligation on the seller. All costs incurred by prospective buyers as a result of responding to this advertisement and any subsequent request for information shall be on the prospective buyer’s account.
SN PROPERTY ADDRESS LOCATION PROPERTY TYPE DESCRIPTION OF PROPERTY 1 Plot 15 Road 1 Close 1, Federal Housing Estate, Woji Town, Port Harcourt Rivers Residential The subject properly is a residential on a parcel of land located at road 1,close 1,plot 15,federal housing estate Woji Town,Obi/Akpor local government Area, Rivers state. The development on the site consist of ground floor with a sitting area, kitchen, guest room and upper floor with 4 nos and 2 nos balconies 2 Property located at Owerintta Road, Owerri Aba Road, Abia State Abia Commercial The property is located at owerrinta community along owerri-aba road notable landmarks are Imo river bridge and the nig naval base. It has about 5.5 hectares which is fenced with block walls which incorporate a double leaf iron gate. 3 Property located at No 114/116 Owerri-Aba Koad, Umugasi, Aba, Abia State Abia Commercial The property is strategically located along Aba-Owerri road with notable landmarks are Living world academy Rhema University Abia State Polytechnic, development on the site comprises of the administrative block, warehouse, printing block, office store and production block, has approximately 7,641 sqm. 4 Property located at Km 8 Old Ibadan-Lagos Road, Ibadan, Oyo State Oyo Commercial The property is located along KM 8 old Ibadan Lagos Road which is tarred gbodo road, the notable landmarks are Nigerian Tobacco Company, Jaud Hotel, Zartec Company and Jabaili Agrotec. The asset comprises of office block, warehouse and storage space on 4.12 hectares of land. 5 Plot 8, C and C Estate off R.D Road, off Okporo Road, Port Harcourt Rivers Residential The plot is a rectangular shaped development site which comprises of 7 bedroom detached duplex, domestic servant quarters security house and generator house. 6 No 4 Nda Street, off Eliada Layout (Cocaine Estate), Rumuogba, Port Harcourt Rivers Residential The subject property is a residential development comprising a 5 Bedroom storey building, Boys Quarters and gate house with other appurtenances within a fenced parcel of land 7 Property at no 34 & 38 glover road, phase 2 brain & hammers estate life camp, kafe district, Abuja. Abuja Residential The Subject property consists of 4Nos 4Bedroom terrace triplex condominium, adjoining each other on a block of 6Nos terrace triplex with a boy’s quarter attached to each. 8 Property located directly along Isheri Oshun/Isolo dual carriage way Isolo LGA Lagos Commercial The property is situated few metres away from Milaco Petroleum, directly along the Isheri Osun/Isolo dual carriage way. The dual carriage way which is an offshoot of Isolo/Oke Afa Ejigbo/Ikotun. Development on site comprises a bungalow used for fish farming, and another bungalow consisting 4 shops and a fish smoking shed all on a site area of about 587.40sqm 9 C of O No. 027627 Measuring 1.196 Hectares Located in Low Village Via Ofada, Along Mowe Ofada-Owode Road, Obafemi/Owode LGA Ogun Commercial The property is a factory premises with less than 5% of the 1.196 hectare, site being built up with three structures namely the gate house, the staff canteen and the gate house, 10 Plot 11, Block 46 in Magodo Residential Scheme, Lagos Registered As 5/5/2156 At The Lagos State Land Registry Office, Ikeja Dated 5th January, 2007 Lagos Residential The property is on a mature highbrow mixed use (residential and commercial ) neighbourhood of the prestigious Magodo estate of Lagos State Government. It has well set back main building, with a bungalow, a front building more like security house and a small swimming pool. 11 Hotel located at No 1 Eregha Close off Adjenughure Street Ekpan Delta Commercial The subject property is a hotel apartment which development on the site consists of 3 nos floors with a pent house a bungalow namely Block A,B,C1,C2 ,and D. The ground floor has conference hall, reception and offices while first floor has 18 nos rooms and second floor has 2nos executive suite on the pent floor.
