DEADLINE: 5TH SEPTEMBER, 2023
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, 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 listed.
(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 Where bank drafts are provided, please note that if the deposit sum exceeds N10 million, 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 comer of the envelope.
(v) The Certified Bank Drafts of unsuccessful bidders will be returned once the bidding process is concluded.
(vi) The successful bidder will be required to pay the 90% outstanding balance of the bid price within 30 calendar days of the bid submission deadline, failing which the 10% deposit becomes non-refundable and the property will be offered to other buyers.
(vii) Bids cannot be withdrawn or cancelled once submitted.
SUBMISSION OF BIDS LAGOS:
(i) Bids for the properties in Lagos and Ogun States (Southwest) 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 11:00 am Monday, September, 4 2023.
(iii) All bids submitted in Lagos will be opened at the AMCON office where the bids were submitted at 12:00 noon, Monday, September 4, 2023.
SUBMISSION OF BIDS ABUJA:
(iv) Bids for the properties outside the southwest 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 lronsi Road, Maitama Abuja
(i) The deadline for the submission of bids is 11:00 am Tuesday, September 5, 2023.
(ii) All bids submitted in Abuja will be opened at the AMCON office where the bids were submitted at 12:00 noon, Tuesday, September 5, 2023.
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 all properties are subject to Board and/or CBN 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” and “where 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
S/N Asset Address Asset Description Location 1 Royal Gardena Estate Ajah, Lagos State Undeveloped plots of commercial land measuring approximately 79,650 sqm and 14,970 sqm within Royal Gardens Estate Ajah, Lagos State earmarked for “Sports and Recreation” and “Primary School” respectively. Lagos 2 Rig known as Onome This Rig is a Friede and Goldman self-elevating cantilever jack-up drilling rig built in Sharjah, UAE by Bake Marine Services and completed in 2009. The rig was designed to operate 3000ft water depth and drilling depth of 30,000ft. It is currently at Marina Jetty, Lagos State Lagos 3 Plot No C13/10 Afam Close Road Agbara Ogun State The subject property is developed on a plot area of approximately 20,180.00 Sqm. Development on the plot consisted mainly of uncompleted warehouse Ogun 4 Umuaduru Road, Osisioma Industrial Layout, Off Enugu Port Harcourt Expressway, Aba, Osisioma Ngwa LGA Abia State. Commercial Asset. The asset being valued here-in is a piece of land comprising a Waiting hall, Warehouse, Factory, Administrative office block. Store. Toilet block, Generator house and Gate House. Land size 9,102.00 Sqm Abia 5 No 62 Market Road, Aba, Abia State Development on site comprise of the following main building on 5 floors and a boy’s quarters on 2 floors. Land Size 450 Sqm Abia 6 No 55 Umoacham ( No. 40 old) road, Aba, Abia State. The property comprises of 3 Bedroom Terrace Duplexes, proposed built Restaurant, uncompleted Building, service quarters and gate house. Size 1623.8 Sqm Abia 7 Plot 35 Enebong, Avenue Home Farm Estate, Calabar South Local Government Area Cross The property compromises of a 6-Bedroom detached house, gate house and Swimming pool. Size 1009,11 Sqm Cross River 8 No 1 Eregha Close, Off Commissioner Road Ekpan, Delta State The property is purpose–built hotel building consisting of a building on 4 floors, 5 Nos, blocks of semidetached apartments, and a Gate House. Land size 4, 583 Sqm Delta 9 Km 46. Benin Auchi Road, Uhunmwonde LGA Edo State The property is known as Edo State Pineapple Farm and Fruit Juice Processing Project Ehor. It comprised 3 bay of warehouses, office block, a gate house, and staff quarters all on a land area of 136.965 hectares. Edo 10 No 3 A Mount Street on Park Avenue, Enugu State Residential No 3A consists of 7 bedroom detached house on 2 floors, a 2 room boys quarters, and a security gate house. 912.5 Sqm Enugu 11 No 3 B Mount Street on Park Avenue. Enugu State No 3B consist of a 7-bedroom detached house on 2 floors and a security gate house – Residential 562.28 Sqm 12 No 3 C Mount Street on Park Avenue, Enugu State No 3C consist of a 7- bedroom detached house on 2 floors, a 2 room boys quarters and a security gate house. Residential 863.25 Sqm Enugu 13 Filling Station Opi/Makurdi Expressway, Nssuka, Enugu State A non-functional Filling station with Administrative Building and Lube Bay Attached with Security & Generator House 1141.822 Sqm Enugu 14 Filling Station Located at Ganaja Junction, Along Murtala Mohammed Way, Lokogoma, Phase 1, Lokoja, Kogi State Filling Station is a Functional purpose built petrol service facility with a Administrative Office block, Shopping Plaza/Generator House/Gate House, Canopy with ten (10) number single nozzle dispensing pumps with othe auxiliary building located at the rear is the purpose built station administrative office cum lubrication. Land size 1,966.68 Sqm Kogi 15 Maina Hotel- located at Liberty Dam Boulevard, Jos, Plateau State Development on the plot consisted of Two Storey building (Hotel block 1), a Storey building (Hotel block 2), Security house, Land Size 12, 400 Sqm Plateau 16 Hotel Sumiram & Green Restaurant located at No 1 Secretariat link road, off Yakubu Gowon way, Jos, Plateau Development on the plot consisted of; Security House, Open Garden 1, Open Garden II, Generator House; Room (Music Room), Main Bar, Main Hotel Pool and Swimming Pool Machine Room. Land size 2,567.74 Sqm Plateau
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.
