DEADLINE: 24TH MAY, 2021
ASSET MANAGEMENT CORPORATION OF NIGERIA (AMCON)
INVITATION TO A COMPETITIVE AUCTION OF ASSETS
The public is by this publication put on notice of the intended auction of the following assets by a competitive auction process to be coordinated by the licenced auctioneers on the set dates per asset as scheduled below:
| S/NO | PROPERTY ADDRESS | AUCTIONERS | CONTACT | DATE OF AUCTION |
| 1 | No. 35/37 Isheri Road, Ogba, Ikeja, Lagos | Samurira Ventures Integrated Services Ltd | 08034106546 | May 24, 2021, 10am prompt |
| 2 | Plot No.7, Alhaji Yusuf Street, Off Muyibi Link, Olodi -Apapa, Lagos | Confidential Realtors | 09029777555 | May 25, 2021, 11am prompt |
| 3 | PAN Shampet Building, Plot No. 4, Road B, Kakuri Industrial Area, Kaduna South | Tana Fazah Nigeria Limited | 08039550775 | May 24, 2021, 10am prompt |
TERMS & CONDITIONS
i. All interested parties are to liaise with the relevant auctioneer on the assets through their designated contact numbers detailed in the schedule above.
ii. All assets are to be sold “as is” with no recourse for any claim or charge subsequently to the owner.
iii. The auctions will be conducted at the individual asset addresses on the designated dates as contained in the schedule.
iv. The winning bidder is required to make a 10% non-refundable deposit immediately after completion of the exercise. Any winning bidder that is unable to meet up with this requirement will forfeit the winner position to the 2nd runner-up, who is to immediately make payment of the non-refundable deposit due to the highest bidder. Same condition applies to the 2nd runner-up in the event of non-performance. The 3rd runner-up is declared winner to make immediate payment of the deposit.
v. The balance 90% payment by the declared winner in line with the provisions of item iv above, is to be made within 30 days from the date of auction.
vi. Handover of asset and transfer of title to be completed after receipt of payment for the entire consideration sum and completion KYC forms.
vii. All interested parties are to make their logistic arrangement for attending the auctions.
viii. All title transfer costs and charges are to be borne by the bid winner on completion of the exercise.
SIGNED: MANAGEMENT
