NIGERIA DEPOSIT INSURANCE CORPORATION (NDIC)
SALE OF ASSETS OF CLOSED MICRO FINANCE BANKS BY PUBLIC AUCTION AND PUBLIC COMPETITIVE BID

The Nigeria Deposit Insurance Corporation (NDIC), in exercise of its right as Liquidator of failed Micro finance banks interested members of the general public to buy the assets (furniture, fixture, finings, equipment, generators, motor vehicles etc.) of the under listed defunct MFBs by Public Competitive Bidding /Auction and sealed Bids for Motor Vehicles, and Generators:

SNNAME OF BANK / ADDRESSADDRESSSTATEAUCTIONEER NAM E AND PHONE NO.DATE OFAUCTIONNDIC CONTACT PERSON
1COCONUT AVENUE MFBNo. 3 Tex Olawale Crescent, Coconut Bus stop, Tincan Island, Apapa LagosLagosKacbikwn-Ugeh & Co. 08033241379July 14-17, 2021NDIC (Asset Management Department) Mamman Konlegori Lagos23A, Marina Street, Lagos John: 08029997846, Aliyu: 08062657895 & Hamza: 08038002352
2SUSU MFB34 Commercial Avenue Sabo Yaba LagosLagosAnswereeth Culture Enterprises. 08033661741 & 08023845430July 14-17.2021Ditto
3ERF CITY MFBEre-Ijesha/ilabun Road Ere-Ijesha, Oriade LGA, Osun StateOsunKingley Ejikson Enterprises. 08060020689July 14 -17, 2021Ditto
4Korede MFBPlot no 3, Luwoye Street, IgbotakeOndoKingsley Ejikson EnterprisesJuly 14-17, 2021Ditto
5IBOGUN MFBIbogun-Egbeda, Ifo LGAOgunOkebulu Ajike, 08123277951 & 08033770604July 14 -17, 2021Ditto
6ACKOFED MFBEkin Itam II, Ikot Ekpene Road, Uyo LGA.Akwa IbomRose Udokang & Co. 08027878892July 14-17, 2021Port Harcourt Zonal Office, No 104, Woji Road, off Ola Olbasanjo Road, GRA, Port Harcourt, Rivers State. 09090726737 & 08084291777
7SAPPHIRE MFBAPICO House, 115, Abak Road, UyoAkwa IbomRose Udokang & Co. 08027878892July 14-17, 2021Ditto
8GUFAX MFB3, tJdotung Ubo Street, Uyo, Akwa Ibom StateAkwa Ibom StateRose Udokang & Co. 08027878892July 14 – 17, 2021Ditto
9KANGIWA MFBKangiwa LGA, Kebbi Slate.KebbiMuhammad & Co. 08033581237July 14 -17, 2021Sokoto Zonal Office, No. 2. Gusau Road, Opp. NNPC Mega Station. Sokoto. 09035795104 & 07055769606
10AUGIE MFBSecretarial Road, AugieKebbiMuhammad & Co. 08033581237July 14-17, 2021Ditto
11Rinigim Universal MFBOpposite Ringim Central Market, Ringim LGA Jigawa StateJigawaAbubakar G. Musa & Co. 08033477441July 14-17, 2021Ditto
12ROGO MFBRogo Town,KanoA msalat Ltd. 08062924834July 14-17, 2021Kano Zonal Office, Plot 44/45, Muhammad Muhammad Avenue, Holoro GRA Kano 08173283539 & 08053283539
13TAKAI MFBAlong Kano-Birnin Kudu Road, Takai, Kano StateKanoA msalat Ltd. 08062924834July 14-17, 2021Ditto
14Makoda MFB7, Koguna Street, KogunaKanoAbubakar G. Musa & Co. 08033477441July 14 – 17, 2021Ditto
15BAGWAI MFBBagwai LGA, KanoKanoGarba Kibiya & Co. Kibiya 08025477321July 14 -17, 2021Ditto
16AJ1NGI MFBNo. 10 Hakimi Street, Ajingi Town, Ajingi LGAKanoAbubakar G. Musa & Co. 08033477441July 14 -17, 2021Ditto
17BEBEJI MFB10 Gidan Iyan, Bebeji Town, Bebeji LGA KanoKanoGarba Kibiya & Co. 08025477321July 14- 17, 2021Ditto
18BIGIHANA MFB6 Ali Akilu Road, KadunaKadunaAmsalat Ltd. 08062924834July 14-17, 2021Ditto
19Garko MFBGarko Town,  Kano StateKanoAbubakar G. Musa & Co. 08033477441July 14-17, 2021Ditto
20KIRFI MFBNo 7, Market Street Cheledi, Kirfi LGA, Bauchi StateBauchiAlhaji Umaru Sanda Adamu,08067349890July 14-17, 2021Bauchi Zonal Office, No 3, Abdulkadir Ahmed Road, Bauchi. 09020441972 & 09020441975
21Langtang MFBNo. 90, Solomon Lar Way, Langlang North LGAPlateauUmar Ibrahim Nig. Ents. 08035781209 & 08027676333July 14 -17, 2021Ditto
22MOPA MFBSilas Bamidele Daniyan House, Kabba- Ilorin Road, Mopamuro LGAKogiJ. I. Ajileye & Co. 08033114150July 14 -17, 2021BEU (ABUJA), Plot 447/448. Constitution Avenue, Central Business District, Abuja. 080063424357 & 08039187500
23WAPO MEBOkene-Lokoja Road, Nagazi. Adavi LGAKogiJ. 1. Ajileye & Co. 08033114150July 14- 17,  2021Ditto
24Hedgeworth MFBB06, Gouba Plaza, Plot 171, A.E. Ekukinam Street, Utako District, AbujaFCTMallam A. A. Rahn & Son. 08067246413July 14- 17, 2021Ditto–
25ONIMA MFBNipost building, Achingali Road, Ekeoha Onitsha, Ezinhitte, MbaiseImoCentury Phonix Nig. Ltd. 08037799800July 14-17, 2021Enugu Zonal Office, No 10, Our lords’ Street. Independence Layout Enugu. 07059763471
26Home Trust MFB76 Orlu-Road, Nkwere, Imo StateImoStan Okeahialam & Co. 08037960430 & 08034957598July 14-17, 2021Ditto
Fufore MFB25. Gurin Road Fufore, Fufore L.G.A. Adamawa State.AdamawaBombilak Integrated 08036152448  & 08036197741July 14- 17, 2021Yola Zonal Office. No. 6. Numan Road, Jimeta – Yola 08089814064 & 08023202803

AUCTION PROCESS
The Public Auction for the furniture, fixtures, fittings & equipment will take place from 14 to 16 July, 2021.

CONDITIONS FOR BIDDING FOR THE GENERATORS AND MOTOR VEHICLES
(1) Bids should be submitted in a sealed envelope together with a deposit of 10% of the bid price in Certified Bank Draft in favour of the respective microfinance banks (In-Liquidation) and with an inscription “BID FOR GEN SET/MOTOR VEHICLE ” on the ton left hand corner of the envelope. The bid should contain the name, address and telephone numbers of the bidder. The successful bidder will be required to pay the balance of the bid price within 24 hours of winning the bid.

(2) The 10% draft for the unsuccessful bidders would be returned immediately.

(3) Bids should be submitted to the Auctioneers or NDIC Contact persons within the stated period.

(4) Submitted bids shall be opened before the bidders at the various locations.

(5) All Assets are sold as “as is” and “net of all taxes”.

(6) All purchased items must be evacuated within 24 hours of purchase.

For further enquiries, please contact:

Director,
Asset Management Department,
Nigeria Deposit Insurance Corporation,
Lagos Office Annexe,
Mamin an Kontagora House (9th Floor),
23A, Marina,
Lagos.
Tel No: 08023159275.
Lagos Office

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