DEADLINE: 27TH FEBRUARY, 2026
NIGERIA DEPOSIT INSURANCE CORPORATION (NDIC)
PLOT 447/448 CONSTITUTION AVENUE, CENTRAL BUSINESS DISTRICT, ABUJA
E-MAIL: info@ndic.gov.ng, WEBSITE: www.ndic.gov.ng
SALE OF ASSETS OF CLOSED MICRO FINANCE BANKS BY PUBLIC AUCTION AND PUBLIC COMPETITIVE BID
The Nigeria Deposit Insurance Corporation (NDIC), in exercise of its right as Liquidator of failed Microfinance banks (MFBs), hereby invites interested members of the general public to buy the assets (furniture, fixture, fittings, equipment, generators, motor vehicles etc) of the under listed defunct MFBs by PUBLIC COMPETITIVE BIDDING/AUCTION and sealed Bids for Motor Vehicles and Generators:
| S/NO | BANK | BANK ADDRESS | STATE | APPOINTED AUCTIONEERS | DATE OF AUCTION | NDIC CONTACT PERSON |
|---|---|---|---|---|---|---|
| 1 | AKWENGWU MICROFINANCE BANK | IDANUHA QUARTERS, BEHIND OLD POLICE STATION, OGAMINANA, OKENNE | KOGI | J. I. Ajileye & Co. 08033114150 | 24/02/26 – 27/02/26 | BEU (ABUJA), Plot 447/448, Constitution Avenue, Central Business District, Abuja. 08038218798 |
| 2 | BIBAJINRE MICROFINANCE BANK | BIDA-ABUJA ROAD, BADegGI, KACHA LOCAL GOVT | NIGER | M. B. Nuhu & Company. 08037250279 | 24/02/26 – 27/02/26 | Ditto |
| 3 | FCT MICROFINANCE BANK | CENTER FOR ARTS AND CULTURE AREA 10, GARKI | ABUJA | Oko Oroma Ventures Ltd. 07032682 583 | 24/02/26 – 27/02/26 | Ditto |
| 4 | KOGI MICROFINANCE BANK | ADANKOLO AREA, OPPOSITE KOGI TRANSMISSION STATION, OKENE-KABA ROAD, LOKOJA | KOGI | Ekundayo Ayodele & Partners. 08033770713 | 24/02/26 – 27/02/26 | Ditto |
| 5 | FADAMA FARMERS MICROFINANCE BANK | C/O PLATEAU AGRICULTURAL DEV. PROJECT, FADAMA, 111, PROJECT OFFICE, DOGON DUTSE, JOS | PLATEAU | Phil Nwachukwu & Associates .08034521261 & 08037021106 | 24/02/26 – 27/02/26 | BAUCHI ZONAL OFFICE, No 3, Abdulkadir Ahmed Road, Bauchi. 08034664736 |
| 6 | AGULERI MICROFINANCE BANK | 16, IRENSEO STREET, AMAEZE, AGULERI | ANAMBRA | Chief J.C.I Ogbuagu & Co 08033368 554 | 24/02/26 – 27/02/26 | ENUGU ZONAL OFFICE, No 10, Our — Enugu. 08035769858 |
| 7 | DOMINION MICROFINANCE BANK | EKE IHEMBOSI EKWUSIGO LGA | ANAMBRA | Nonye Ezeagu & Associates. 08068405002 | 24/02/26 – 27/02/26 | Ditto |
| 8 | IFEANYICHUK WU MICROFINANCE BANK | 78, OLD OKIGWE ROAD, NA QUARTERS, AGWU | ENUGU | Mechetex International Ltd. 08033486 551 | 24/02/26 – 27/02/26 | Ditto |
| 9 | OGBE-AHIARA MICROFINANCE BANK | ONUGOT-HSE, AFOR OGBE MARKET, OGBE AHIARA, AHIAZU MBAISE | IMO | Stan Okeahialam & Co. 08037960430 | 24/02/26 – 27/02/26 | Ditto |
| 10 | UTUH MICROFINANCE BANK | OYE MARKET SQUARE, UTUH, NNEWI SOUTH LGA | ANAMBRA | Victoria Chidi Akim & Associates. 08068910670 | 24/02/26 – 27/02/26 | Ditto |
| 11 | ACTIVE POINT MICROFINANCE BANK | 150, ORON ROAD UYO | AKWA IBOM | Obot Akpan & Co. 08023252 472 | 24/02/26 – 27/02/26 | PORT HAR COURT ZONAL OFFICE. No. 104, Wojii Road, off Olu Obasanjo Road, GRA, Port Harcourt, Rivers State. 08023202134 |
| 12 | CALABAR MICROFINANCE BANK | 72 EGERTON STREET CALABAR | CROSS RIVER | Okonuga Nig. Ltd. 08028512633 & 08161399124 | 24/02/26 – 27/02/26 | Ditto |
| 13 | COSMOPOLIT AN MICROFINANCE BANK | (CHARIS PLAZA) 141, OLU OBASANJO ROAD, PORT-HARCOURT | RIVERS | MN&M Consult. 08064669704 | 24/02/26 – 27/02/26 | Ditto |
| 14 | IC-GLOBAL MICROFINANCE BANK | 312, EFFURUN/SAPEL E ROAD, EFFURUN-WARRI | DELTA | Humphrey Igberase & Co. 08064455503 | 24/02/26 – 27/02/26 | BENIN ZONAL OFFICE No. 28A & B, Benoni Road, Off Airport Road, GRA, Benin City, Edo State. 08035727023 |
| 15 | IYEDE MICROFINANCE BANK | TOWN HALL SQUARE, OTOR-IYEDE, ISOKO NORTH LGA | DELTA | Joe Eziasli & Co. 08037204627 | 24/02/26 – 27/02/26 | Ditto |
| 16 | SMARTMICRO FINANCE BANK | 164, SAPELE ROAD, BENIN CITY | EDO | Silva Alele & Associates. 08037438529 | 24/02/26 – 27/02/26 | Ditto |
| 17 | IFESOWAPO MICROFINANCE BANK | SAKI ROAD, IDI-EMI, SEPETERI EAST LGA | OYO | Seun Adeyemi & Co. 08033599944 | 24/02/26 – 27/02/26 | NDIC (ASSET MANAGEMENT DEPARTMENT) Garba, 08062616662. John, 08029997846. Aliyu, 08062657895 |
| 18 | KJL MICROFINANCE BANK | AMAZING GRACE PLAZA, ALEKUWODO, OKEFIA, OSOGBO | OSUN | Rapheal Omotola & Co. 08061691998 | 24/02/26 – 27/02/26 | Ditto |
| 19 | RESORT SAVINGS & LOANS | 12, BOYLE STREET, ONIKAN LAGOS | LAGOS | Olasunkanmi Enterprises 08023038692 | 24/02/26 – 27/02/26 | Ditto |
AUCTION PROCESS
The Public Auction for the furniture, fixtures, fittings & equipment will take place from 24ᵗʰ to 27ᵗʰ February, 2026.
CONDITIONS FOR BIDDING FOR THE GENERATORS AND MOTOR VEHICLES
1) Bids should be submitted in a sealed envelope together with a deposit of 10% of the bid price in Certified Bank Draft in favour of the respective microfinance banks (In-Liquidation) and with an inscription “BID FOR GEN SET/MOTOR VEHICLE,” on the top left hand corner of the envelope. The bid should contain the name, address and telephone numbers of the bidder. The successful bidder will be required to pay the balance of the bid price within 24 hours of winning the bid.
2) The 10% draft for the unsuccessful bidders would be returned immediately.
3) Bids should be submitted to the Auctioneers or NDIC Contact persons within the stated period.
4) Submitted bids shall be opened before the bidders at the various locations.
5) All Assets are sold as “as is” and “net of all taxes”.
6) All purchased items must be evacuated within 24 hours of purchase.
For further enquiries, please contact:
Director, Asset Management Department,
Nigeria Deposit Insurance Corporation, Lagos Office,
Mamman Kotangora House (5ᵗʰ Floor),
23A, Marina, Lagos.
Tel No: 08062616662
Lagos Office
