DEADLINE: 11TH MARCH, 2026
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 our website: www.amcon.com.ng.
| LOT | ASSET ADDRESS | LOCATION | ADDITIONAL ASSET DETAILS | CO-ORDINATING AGENT |
|---|---|---|---|---|
| 1 | Plot 5 & 7 Titus Akinbola Erinle Layout, Oluwo Village, Ilara Abeokuta, Ogun State (4 Omolaja Sadiku Street, Oluwo Area, Obafemi Owode Abeokuta, Ogun State) | Ogun | The development on site is a detached house on 2 floors comprising 7 ensuite rooms, 1 family lounge, 1 waiting room, a court yard, 1 dining room and 1 kitchen. | Tope Ojo & Tunde Olonisakin – 08033271497, 08091546795, 08023138640 Email: topeandtunde@yahoo.com & info@topeandtunde.com.ng |
| 2 | Plot 35, Block 5 (now Block 93), Akwuzu Street, Lekki Phase 1 – the NOTE below affects this property. | Lagos | Development on site comprises of 5-Bedroom detached house, 2 Rooms ensuite boys quarters, A staff canteen and 1 Nos Room security house. | Tope Ojo & Tunde Olonisakin – 08033271497, 08091546795, 08023138640 Email: topeandtunde@yahoo.com & info@topeandtunde.com.ng |
| 3 | No. 24, Alhaji Rhyomi Street, Off Ago Palace Way, Okota, Lagos. | Lagos | Development on the subject site consist of a six (6) bedroom detached house with pent house and a security/generator house. All on a land area of approximately 657sqm. | Tope Ojo & Tunde Olonisakin – 08033271497, 08091546795, 08023138640 Email: topeandtunde@yahoo.com & info@topeandtunde.com.ng |
| 4 | No. 1 Livinus Avenue, Romi New Extension, Kaduna | Kaduna | The site contains seven structures namely; an administrative block, a workshop building, a security house, a tank stand, an uncompleted building, a pump house, and three single rooms. All in a visibly poor and dilapidated condition. | Tope Ojo & Tunde Olonisakin – 08033271497, 08091546795, 08023138640 Email: topeandtunde@yahoo.com & info@topeandtunde.com.ng |
| 5 | Filling Station Located at Ganaja Junction, Murtala Muhammed Way, beside Ostrich Bakery by the Flyover, Lokoja, Kogi State. | Kogi | The subject assets is a petrol filling station items with the following; 10 nos. double nozzle dispensing pump with different brand and capacity, 7 nos. underground tanks with different capacity, Canopy, 33 KVA Generating set and 100 KVA Transformer. | Tope Ojo & Tunde Olonisakin – 08033271497, 08091546795, 08023138640 Email: topeandtunde@yahoo.com & info@topeandtunde.com.ng |
| 6 | No. 5 Ugwueme Crescent, Independence Layout, Enugu, Enugu State | Enugu | The properties comprises of 2 units of 4 bedroom semi-detached duplex with 2 units of 3 rooms Boys Quarters. The property sits on approximately 1,000 sqm. | Osy Kamalu & Associates. Tel: 0704 590 2963, 0803 627 4306 Email: osykamaluassociates@gmail.com |
| 7 | Plot No. 3A Mount Street on Park Avenue, GRA, Enugu, Enugu State | Enugu | The property consist of a 7-bedroom detached house on 2 floors, a 2room boys quarters and a security gate house. The plot size is approximately 921.5sqm. The property is fenced round with sandcrete block-walls to a height of about 2.5meters and can be accessed via a double-lead metallic gate with pedestrian access. | Osy Kamalu & Associates. Tel: 0704 590 2963, 0803 627 4306 Email: osykamaluassociates@gmail.com |
| 8 | Plot No. 3B Mount Street on Park Avenue, GRA, Enugu, Enugu State | Enugu | The property consist of a 7-bedroom detached house on 2 floors and a security gate house. The plot size is approximately 562.2sqm. The property is fenced round with sandcrete block-walls to a height of about 2.5meters and can be accessed via a double-lead metallic gate with pedestrian access. | Osy Kamalu & Associates. Tel: 0704 590 2963, 0803 627 4306 Email: osykamaluassociates@gmail.com |
| 9 | Plot No. 3C Mount Street on Park Avenue, GRA, Enugu, Enugu State | Enugu | The property consist of a 7-bedroom detached house on 2 floors, a 2room boys quarters and a security gate house. The plot size is approximately 863.25sqm. The property is fenced round with sandcrete block-walls to a height of about 2.5meters and can be accessed via a double-lead metallic gate with pedestrian access. | Osy Kamalu & Associates. Tel: 0704 590 2963, 0803 627 4306 Email: osykamaluassociates@gmail.com |
| 10 | Plot No. 35B Abakaliki Road, GRA, Enugu, Enugu State | Enugu | The property consist of 2 (no) 6-bedroom semi-detached house on 2 floors, 2(no) generator house and a security gate house all fenced round with sand crate block walls to a height of about 3.00 meters. The property is a purpose-built house developed on a plot size approximately 2,055.931sqm | Osy Kamalu & Associates. Tel: 0704 590 2963, 0803 627 4306 Email: osykamaluassociates@gmail.com |
| 11 | Plot 4, Ebeano Estate, Independence Layout, Enugu, Enugu State | Enugu | The property consists of a three (3) number detached duplexes, 2 number bungalow, Generator house and gate house. The property sits on a plot size of approximately 2,285.78sqm | Osy Kamalu & Associates. Tel: 0704 590 2963, 0803 627 4306 Email: osykamaluassociates@gmail.com |
NOTE:
Lot 2: (Plot 35, Block 5 (now Block 93) Akwuzu Street, Lekki Phase 1) is subject to the Tenant’s Right of First Refusal. Accordingly, the highest valid bid (the “Winning Bid”), together with the 10% bid deposit, shall remain valid and binding, refundable only if the tenant elects to exercise its Right of First Refusal by matching the Winning Bid consideration within the period stipulated by the Corporation.
ELIGIBILITY TO PARTICIPATE:
To participate in the process, an interested party must meet the following criteria:
i. The individual/corporate entity must not be indebted to AMCON.
ii. Directors of interested companies must not be indebted to AMCON; and
iii. The individual must not be an AMCON employee, a relative (parents, spouse, or children) of an AMCON employee, or a 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 agents, Osy Kamalu & Associates: 0704 224 2223, 0803 627 4306, osykamaluassociates@gmail.com and Tope Ojo & Tunde Olonisakin, 0803 327 1497, 0809 154 6795, 0802 313 8640, topeandtunde@yahoo.com; info@topeandtunde.com.ng. Alternatively, they can be downloaded from AMCON’s website www.amcon.com.ng under Asset Disposal.
iii. Bid forms must be submitted alongside 10% of the bid amount in Certified Bank Drafts payable to the Asset Management Corporation of Nigeria, details of which are provided with the bid forms. Where bank drafts are provided, please note that if the deposit sum exceeds N10 million, multiple certified bank drafts must be provided.
iv. Bidders must comply fully with AMCON’s KYC requirements contained in the bid forms.
v. The bid submission must be made in an enclosed envelope with a seal with “Bid description of Property” inscribed on the top left corner of the envelope, with no mention of the bid amount on either the cover letter or on the bid envelope.
vi. All bids must be submitted physically by persons who shall sign a register disclosing bidders’ full contact details. Failure of a bidder to complete and sign the register invalidates the bid submitted by such a bidder.
vii. Bids cannot be withdrawn or cancelled by the bidder on the day of bid opening.
viii. The certified bank drafts of unsuccessful bidders will be returned once the bidding process is concluded.
ix. If a successful bidder fails to perform, breaches, or otherwise defaults in any of its obligations under the set out terms and conditions of the bid, and such default continues unremedied for a period of 15 working days after receiving a written notice from the Corporation, the Defaulting Party shall forfeit all rights, claims, interests, entitlements and/or other benefits with respect to the 10% deposited with the Corporation, and such forfeiture shall be deemed final and binding on the bidder.
x. The successful bidder will be required to pay the 90% outstanding balance of the bid price within 15 calendar days after issuance of the offer letter, failing which the 10% deposit becomes non-refundable and the property will be offered to other buyers that meet the stipulated reserve price and requirements.
The deadline for submitting all bids is 4:00 p.m. on Wednesday, March 11th, 2026.
SUBMISSION OF BIDS LAGOS:
i. Bids for the properties in Lagos and Ogun states must be sealed and submitted in the designated bid box at the following address:
Reception Office, Asset Management Corporation of Nigeria (AMCON)
67, Marina Street, Lagos Island, Lagos.
SUBMISSION OF BIDS ABUJA:
i. Bids for the properties in the Kaduna, Kogi and Enugu states must be sealed and submitted in the designated bid box at the following address:
Reception Office, Asset Management Corporation of Nigeria (AMCON)
Plot 417, Tigris Crescent, Off Aguiyi Ironsi Road, Maitama, Abuja.
OPENING OF BIDS:
i. AMCON shall communicate to bidders a bid opening date after the bid submission.
ii. The failure of a bidder or their authorized representative to be present at the bid opening gives the Corporation the right to declare the bid invalid. Such a bid shall not be opened and will be returned to the bidder in its original sealed condition.
iii. 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 new bid submissions will be announced immediately at the bid opening.
iv. The conclusion of the sale of all assets is subject to AMCON’s final approving authority.
PROPERTY INSPECTION:
All interested bidders are invited to contact the Coordinating Agent, Osy Kamalu & Associates – 0704 224 2223; 0803 627 4306 for guided inspections and inquiries of the properties located in Enugu state, and Tope Ojo & Tunde Olonisakin – 08033271497, 08091546795, 08023138640 for inspections and inquiries of the properties located in Kaduna, Kogi, Ogun and Lagos states. The properties will be sold on an “as is” basis. For further information and clarification, please visit our website www.amcon.com.ng.
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.
