DEADLINE: 24TH NOVEMBER, 2022
ASSET MANAGEMENT CORPORATION OF NIGERIA (AMCON)
AUCTION SALE 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, hereby offers the following properties for sale to interested members of the public. Further details of properties 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 AMCONs website www.amcon.com.ng under Asset Disposal – Assets for Sale or requested by emailing amcon.disposals@amcon.com.ng; osykamalyassodates@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(vii) Bids cannot be withdrawn or cancelled once submitted.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 the properties located in Ogun, Abia 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 Wednesday, 23 November, 2022
(iii) All bids submitted in Lagos will be opened at the AMCON office where the bids were submitted at 1:00pm, Wednesday, 23 November, 2022.
SUBMISSION OF BIDS ABUJA:
(iv) Bids for properties located in Abuja, Plateau, Rivers state 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
C ASSET ADDRESS ASSET DESCRIPTION DETAILS LOCATION 1 Plot 1161, Central Business District, Cadastral Zone A00, Abuja FCT (excluding telecommunication building within Premises) Mall A mall located within the Central Business District of Abuja. It is a multi-storey commercial development made up of mainly shops, restaurants and a Cinema. It has a gross lettable area of 15,650, 10sqm Abuja 2 Undeveloped plots of land (40 plots) beside Masters Energy Port Harcourt Bareland The property is situated at Ikpokwu Wozuzu family, Odohia farmland Rumuolumeni, Obio/Akpor Local Government Area, River State and measures approximately 18.819.13 sqm Rivers 3 Undeveloped panel of lard located along East West Road, Port Harcourt Bareland Bareland known as Plot No 6F is situated at “Ani MGBARAJA” Rumba along East West Road Rivers State. Rumcsi in Obio/Akpor Local Government Area of Rivers State and measures approximately 1,130.99sqm Rivers 4 Hotel located at Liberty Dam Boulevard Road, Jos Plateau State Hotel Liberty dam Boulevard Road (Ministers Quarters) Jos – Plateau State. The neighbourhood is mix residential and recreational land users. Plateau 5 Hotel and Restaurant located at No, 1. Secretariat Link Road, Off Yakubu Gowon Wav, Jos Hotel & Restaurant The Neighbourhood is a mix of institutional and recreational land users.Notable landmark within the vicinity of the subject property includes Blue Wheels Motel, State Secretariat, Metro Guest Inn and Inmate Corp Engineering Plateau 6 Property is located along Old Badagry Sokoto Expressway, Igbelle Ajana Atan Ota Ogun State Factory and Land Uncompleted Hour Mill Factory. The Property consist of office building, Silos Foundation, retaining walls, security /Gate house, site office. Development on site Comprises Land and building, plant and equipment and stock of factory equipment all on a land area of approximately 100,200 Ogun 7 Factory at Km 7 Aba/Umuahia Expressway Osisioma, Aba Land, building, Plant & Machinery Neighbourhood at Osisioma,Ngwa Local Government area of Aba, Abia State Aba-Umuahia Expressway is the major arterial road leading from Port Harcourt through Aba and leads inwards Umuahia, When going in the direction of Aba towards Umuahia, Property is situated on a land size of approximately 21,561.629 Sqm Abia
(v) The deadline for the submission of bids is 12:00 noon Thursday, 24 November, 2022
(vi) All bids submitted in Lagos will be opened at the AMCON office where the bids were submitted at 1:00pm Thursday, 24 November, 2022.
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.
