DEADLINE: 29TH APRIL, 2026
NIGERIA ELECTRICITY LIABILITY MANAGEMENT LTD/GTE
SALE OF THIRD BATCH OF DEFUNCT PHCN PROPERTIES
Introduction
The Nigeria Electricity Liability Management Ltd/Gte (NELMCO), is a Special Purpose Entity (SPE) created by the Federal Government of Nigeria and saddled with the responsibility of managing the Liabilities and Non-Core Assets of the defunct Power Holding Company of Nigeria (PHCN). NELMCO, in pursuant of her mandate, is offering the underlisted properties for sale to interested members of the public in line with the Public Procurement Act 2007:
PROPERTY DETAILS
LOT 1
| S/N | LOT NO | PROPERTY ADDRESS | DESCRIPTION |
| 1 | 1A | Property At Nima Foam, Mubi Road, Bajabure, Jimeta Yola | Land around the Guest house/ bareland |
| 2 | 1B | Plot 4A Okada Avenue GRA, Benin City | Bungalow with boys’ quarters. |
| 3 | 1C | Plot 115 Ugbowo Housing Estate, Benin City | Bungalow with boys’ quarters. |
| 4 | 1D | Plot 133 Ugbowo Housing Estate, Benin City | Bungalow with boys’ quarters. |
| 5 | 1E | Plot 161 Ugbowo Housing Estate, Benin City | Bungalow with boys’ quarters. |
| 6 | 1F | Plot 100 Ugbowo Housing Estate, Benin City | Bungalow with boys’ quarters. |
| 7 | 1G | Property At Shehu Laminu Way, behind State Hotel, Maiduguri | 4 bedroom bungalow with a boys, quarters |
SALES AGENT CONTACT – 08033129022
LOT 2
S/N LOT NO PROPERTY ADDRESS DESCRIPTION 1 2A Property at Market Road, Sapele, Delta State. Service Centre Staff Quarters 2 2B Property at Onisha-Uku Delta State Staff Quarters (Units). Uncompleted building 3 2C Property at Onisha-Uku Delta State Prefabricated Building 4 2D Property at Jattu Road Junction, Auchi, Edo State. Bungalow with large expanse of unutilized land 5 2E Nepa Road, Jimeta Yola Old Power House 6 2F No 128 Benin/Sapele Road, Benin City A block of 4Nos. 3-Bedroom flats on 2 floors. 7 2G No.1/2 Atiku Abubakar Road Jimeta Yola Adamawa State 2 Nos of Office Complexes, Large Store and Bungalow on large expense of land.
SALES AGENT CONTACT-08033208265
LOT 3
S/N LOT NO PROPERTY ADDRESS DESCRIPTION 1 3A Property along Station Road, Ikirun, Osun State Undeveloped land fenced with barbwire 2 3B Property at GRA, Oshogbo, Osun State 6Nos. Flats in a block of 6-Flats with BQ 3 3C Property At Bajabure –Yola Office Bungalow With Boys Quarters 4 3D Paul Bassey street, Uyo, Akwa Ibom State 2Nos. Bungalows 5 3E Paul Bassey street, Uyo, Akwa Ibom State Undeveloped parcel of land + Computer Centre + abandoned store under construction 6 3F Paul Bassey street, Uyo, Akwa Ibom State Bungalow, uncompleted store and a vast area of land
SALES AGENT CONTACT-08087960877
LOT 4
S/N LOT NO PROPERTY ADDRESS DESCRIPTION 1 4A Property at Ahmadu Bello way. Kaduna 1No. 5-Storey office complex with sufficient parking space within the premises. 2 4B House No. 2 Legislative Qtrs Angwan Rukuba, Jos 1No. 3-Beroom Bungalow with BQ 3 4C House No. 3 Legislative Qtrs Angwan Rukuba, Jos 3-Bedroom flat with Boys Quarters 4 4D Property at Adamawa Road, Dutsen Kuru, Minna GRA, Niger State. Three-bedroom detached bungalow with 1No. 2 rooms boys quarters 5 4E Property at Adamawa Road, Dutsen Kuru, Minna GRA, Niger State. 6 4F Accra Street, Port Harcourt Three-bedroom detached bungalow with 1No.2 rooms boys quarters
SALES AGENT CONTACT- 08033495000
LOT 5
S/N LOT NO PROPERTY ADDRESS DESCRIPTION 1 5A Property along Gombe Road, behind Bauchi State House of Assembly Undeveloped land 2 5B Property at Jebba Paper Mill Colony, Jebba. 2Nos. 3-Bedroom Semi Detached Bungalows 3 5C Property at Jebba Paper Mill Colony, Jebba. 1No. 2-Bedroom bungalow. 4 5D Lagos Street, PortHarcourt Flat 57, 1 No, Flats. 5 5E Lagos Street, PortHarcourt Flat 47, 1 No, Flats. 6 5F Property under Model Business Unit, Osun State Main Quarters/Boys Quarters Model Business Unit
SALES AGENT CONTACT – 08037037803
LOT 6
S/N LOT NO PROPERTY ADDRESS DESCRIPTION 1 6A No. 3 St. Pirans Avenue, GRA Jos 1Nos. 3-Bedroom Bungalow with large expanse of land 2 6B Property at Katambiri Area, Pankshin PHCN Quarters 3 6C No. 19, Murumba, Off Zaria Road, Jos 2 buildings on 1200sqm land.C15:C20CC15:C20 4 6D Property at FCE Road, GRA, Kontagora Undeveloped Plot of land 5 6E Property at Shandam Road, Langtang.Plateau State 1No. 3-Bedroom Bungalow with BQ 6 6F No. 134, Gboko Road, Makurdi Benue State 1No. 3-bedroom bungalow. 7 6G Property at 8B, Oke-Ode Street, Adewole Estate, Ilorin. 1.No. 3-Bedroom Detached Bungalow
SALES AGENT CONTACT – 07038459968
COLLECTION OF APPLICATION/BID FORM:
Application Forms and other documents/information to participate in the process can be obtained upon payment of the application fee of N50,000.00 (Fifty Thousand Naira Only) to the Remita Account of Nigeria Electricity Lability Management Ltd/GTE. Original copy of the Remita Receipt shall be presented to representatives of NELMCO or the Sales Agent, to collect the Application Form and Property information Compendium.
ELIGIBILITY REQUIREMENTS:
Sale of property is open to interested individuals and corporate entities as follows:
(i) Evidence of Certificate of Registration with the Corporate Affairs Commission (CAC) Including Form CAC2 and CAC7 (for corporate entities);
(ii) Evidence of current Tax Clearance Certificate (for Individuals and corporate entities);
(iii) Valid means of identification (National ID, Driver’s license, International Passport Data Page) for individuals and Directors of Corporate entities;
(iv) Proof of financial capability and source of funding;
BIDDING PROCEDURE:
(i) The sale process shall be through an open competitive bidding process,
(ii) The properties shall be sold “as is” and “where is”
(iii) Application forms can be obtained after the payment of application fee from NELMCO Office or the designated Sales Agent/Data Room;
(iv) All bids must be submitted with a bid Guarantee of 10% of the value of the bid for the property in the form of Certified Bank Draft in favor of Nigeria Electricity Liability Management Ltd/GTE or evidence of transfer of 10% of the total bid amount to the NELMCO Remita Account contained in the Application Form. Kindly note that where Bank Guarantee exceeds N10million, multiple certified bank drafts must be provided to the value of the 10% of the bid price;
(v) Bids cannot be withdrawn or cancelled after submission;
(vi) Property shall be offered to the highest bidder above the reserved price in line with the conditions for sale as contained in the Sales Guidelines;
(vii) Where there is a tie or all the bids in a Lot fall short of the reserved price, bidders shall immediately go into a second round of bidding and the highest bidder above the reserved price shall be the preferred bidder. (The preferred bidder under this circumstance, shall be required to make up the difference in their bid guarantee (10%) within five (5) working days);
(viii) Current lessees will be given the privilege of first refusal for the property they are leasing at the highest bid price, provided they have fulfilled all the terms and obligations of the lease;
(ix) Successful bidders shall be required to pay the full payment for the property within the stipulated time of thirty (30) calendar days from the date of bid opening as contained in the Sales Guidelines, failure to comply will lead to forfeiture of their Bid Guarantee and property offered to other bidders;
(x) All Bid Guarantees of unsuccessful bidders shall be returned at the conclusion of the bidding process;
SUBMISSION OF APPLICATION/BID:
Interested individuals/firms shall submit their Application Forms/Bids and ensure they fill the Bid Submission Register. The document should be submitted in a sealed envelope with the Property Address and Lot Number clearly marked on the right-side top corner of the envelope and addressed to:
The Managing Director/CE
Nigeria Electricity Liability Management Ltd/Gte
39 Jimmy Carter Street,
Asokoro,
Abuja FCT.
The reverse side of the envelope should be clearly marked with the Name and address of the Bidder and dropped in the designated Bid Box for each Lot at the Ground Floor Conference Room NELMCO office not later than 11:00am on the 29th of April, 2026.
Please, ensure you sign the Bid Submission Register as NELMCO or any of the appointed Sales Agent shall not be held liable for misplaced or wrongly submitted bids. For further enquiries please contact the designated Sales Agents or NELMCO’s Representatives on 09131390475/07054823926 and email: procurement@nelmco.gov.ng
OPENING OF APPLICATION/BID:
All Bids in each Lot, shall be opened immediately after the deadline for submission on the closing date at the Ground Floor Conference Room, NELMCO Office, 39 Jimmy Carter Street, Asokoro, Abuja, in the presence of all the bidders or their representatives.
INSPECTION OF PROPERTIES:
All interested bidders are invited to contact NELMCO’s representatives or any of the designated Sales Agents to schedule physical inspection for the properties in the Lots.
For online viewing, kindly log on to our website on www.nelmco.gov.ng/properties
Additional Information
(a) Application Forms must be filled in English Language and signed by an official authorized by the bidder;
(b) Application Forms submitted after the deadline for submission shall be returned un-opened;
(c) Interested bidders shall not be a staff of NELMCO or their direct relatives;
(d) Firms and their representatives that participated in the Valuation Exercise are not eligible to bid/represent any bidder;
(e) Representatives of other Agencies/Organisation that directly participated/participating in any activities in the sales process (Valuation Report Review Committee, Evaluation Committee etc.) are not eligible to participate in the bid process;
(f) All application cost shall be borne by the bidders;
(g) Delivery through courier shall NOT be accepted;
(h) This Publication and process does not create any commitment nor establishes any binding or legal obligation on NELMCO or any of the appointed
SIGNED
MANAGING DIRECTOR/CE
NELMCO
NIESV
