DEADLINE: 6TH AUGUST, 2021
ASSET MANAGEMENT CORPORATION OF NIGERIA (AMCON)
AUCTION SALES OF PROPERTIES
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(vii) Bids cannot be withdrawn or cancelled once submitted.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 Edo, Delta 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 Friday, August 6, 2021
S/N PROPERTY ADDRESS DESCRIPTION LOCATION PROPERTY TYPE 1 No. 39, Delta Crescent off Ikpokpan Road, G.R.A, Benin City Detached duplex, a gate house and generator house within a medium density mixed used neighborhood. Edo Residential 2 Plot 114,GRA SUB – Division Extension, Benin City in Oredo Government Area, Edo State Detached duplex, a gate house and generator house within a medium density mixed used neighborhood. Edo Residential 3 Property located at Edjeba Road, off NPA Road, Hexagon Petro Services Limited, Warri Purpose built commercial development consisting of Jar service centre, slotting bay and gate house Delta Commercial 4 Plot 1161 CENTRAL AREA ABUJA Ultramodern shopping Mall exclusive of the six storey building in the premises. The Mall is built to accommodate shops, offices spaces and entertainment section. Abuja Mall
(iii) All bids submitted in Lagos will be opened at the AMCON office where the bids were submitted at 1.00pm, Friday, August 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 Monday, August 9, 2021
(ii) All bids submitted in Abuja will be opened at the AMCON office where the bids were submitted at 11:00am August 9, 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.disposals@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.
