DEADLINE: 8TH SEPTEMBER, 2025
PANDAGRIC NOVUM (IN RECEIVERSHIP)
AUCTION SALES OF ASSETS
Pandagric Novum (In Receivership) an agricultural enterprise located at Panda Development Area, Karu Local Government, Nasarawa State, Nigeria, acting through its Receiver/Manager, hereby announces the sale of its assets by public auction to be conducted by LANSAR AGHAJI & CO. (Auctioneers).
1. INSPECTION OF ASSETS
1.1. Inspection of the assets shall be open daily between 9:00 a.m. and 5:00 p.m. from Monday, 1st September 2025 to Friday, 5th September 2025 at the Company’s Panda Development Area, Karu Local Government, Nasarawa State, Nigeria,
2. SUBMISSION OF BIDS
2.1. The bid shall be sealed in an envelope and deposited in the bid box provided at the Venue.
2.2. The bid window opens at 9:00 a.m. on Friday, 5th September 2025 and closes at 1:00 p.m. on Saturday, 6th September 2025.
3. AUCTION AND OPENING OF BIDS
3.1. Date: Saturday, 6th September 2025
3.2. Venue: Panda Development Area, Karu Local Government, Nasarawa State, Nigeria,
3.3. Bidders must be seated by 12:00 noon.
3.4. The opening of bids will commence promptly at 2:00 p.m.
4. ASSETS TO BE AUCTIONED
4.1. The auction comprises a broad range of assets, including but not limited to: vehicles, agricultural and industrial equipment, office and household furniture, electronics, and related assets.
4.2. A comprehensive schedule of items will be provided only upon written request to: info@lansaraghajiandco.com
4.3. Only bidders who have formally requested and acknowledged receipt of the official asset schedule will be eligible to participate in the auction.
5. TERMS & CONDITIONS
5.1. All assets are sold strictly on an “AS IS, WHERE IS” basis, with no warranties, returns, or post-sale claims.
5.2. The entirety of the assets shall be sold as a single lot to the highest approved bidder.
5.3. The winning bidder shall be required to pay the purchase price in accordance with terms stipulated by the Receiver/Manager:
5.3.1. Immediate full settlement is preferred; however,
5.3.2. A structured payment plan may be granted, at the sole discretion of the Receiver/Manager.
5.4. Participation in the auction and all dealings with the Receiver/Manager and Auctioneer are subject to Know Your Customer (KYC) and related statutory compliance requirements.
5.5. Bidders may be required to present acceptable means of identification and/or corporate documentation prior to or after submission of bids.
5.6. The Receiver/Manager reserves the exclusive right to determine the successful bid, and such decision shall be final and binding.
5.7. Neither the Receiver/Manager nor the Auctioneer shall be responsible for removal logistics.
6. DISCLAIMER
6.1. The Receiver/Manager reserves the right to amend, withdraw, or exclude any item(s) from the auction schedule at any time prior to conclusion of the sale, without liability.
6.2. The Receiver/Manager reserves the right to conduct eligibility screening and to decline participation by any person or entity deemed unsuitable.
AUCTIONEER:LANSAR AGHAJI & CO.
Member, Certified Institute of Auctioneers Nigeria
Tel: 08037082245
C.I.A.N Auctioneer of the Year 2024
