NIGERIA DEPOSIT INSURANCE CORPORATION – NDIC
SALE OF ASSETS OF CLOSED FORTIS MICROFINANCE 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 FORTIS MFB by PUBLIC AUCTION and SEALED BIDS for Motor Vehicles and Generators, at the following branches;

S/NO LOCATION STATE AUCTIONEERNAME ANDDATEPHONE NO.AUCTIONDATENDIC CONTACTPERSONS 
1Medife House Wuse, Zone 5. FCTAbuja M/S Ubosi Eleh & Co.08023137052 O8054797506 8th-12th October, 2019BEU, Plot 447/448Constitution Avenue,Central BusinessDistrict, Abuja.080063424357 &08039187500
2Utako Market,Utako DistrictFCTAbuja M/S Ubosi Eleh & Co. 08023137052 O80547975068th-10th October, 2019Ditto  
3Dei-Deei International building Material MarketFCTAbuja M/S Ubosi Eleh & Co. 08023137052 O80547975068th-10th October, 2019Ditto
4Abacha Road, Beside Oando Filling Station, Mararaba, Nasarawa StateNasarawaM/S Ubosi Eleh & Co. 08023137052 O80547975068th-10th October, 2019Ditto
5Alhaji Sule Walalabo Shopping Complex Plaza, Along Toto Road, Abaji Nasarawa, AbajiFCTAbuja M/S Ubosi Eleh & Co. 08023137052 O80547975068th-10th October, 2019Ditto
6By Okada Junction, KabusaFCTAbuja M/S Ubosi Eleh & Co. 08023137052 O80547975068th-10th October, 2019Ditto

AUCTION PROCESS

The Public Auction for the furniture, fixtures, fittings & equipment will take place from 8th to 12th October, 2019.

CONDITION FOR BIDDING OF 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 Fortis Microfinance Bank (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 phone 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, while the deposit becomes part payment for the winner
  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 location
  5. All Assets are sold “as is and “net of all taxes”
  6. All purchased items must be evacuated within 24 hours of purchased

For further enquiries, please contact:
Director, Asset Management Department,
Nigeria Deposit Insurance Corporation, Lagos Office Annex
NECOM House (25 Floor),
15 Marina
Lagos.
Tel No: 08023159275
Lagos Office

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