NIGERIA DEPOSIT INSURANCE CORPORATION – NDIC
SALES OF ASSETS OF CLOSED 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 public to buy the assets (landed property) of the under listed defunct MFBs through competitive Sealed Bidding.

S/NOBANK NAMESTATELOCATIONDESCRIPTIONCONTACT
1ABATETE MFBAnambraAbatete-Ogidi Road. Idemili North I.GABungalow08033275721 & 08066584479
2GUDDIRI MFBBauchiNo 10. Old Kano Road,Azare Bauchi StateBungalow08034526727
3GARU MFBBauchiNO,5. Illelah Street, off Emir RoadOne Storey Building08023804014 & 08059050504
4ALOAYE MFBEdoNo 31. Mission Road. Agenebode Etsako East LG A. Ldo StaleBungalow08188277949 & 08037438529
5AMURO MFBKogiNo 79. Federal Road Okoker Amuro Mopamuro. L.G.A, Edo State2No undeveloped plots of land08083114150
6TRANSWEALTH MFBFkitiPalmsprings Garden Estate. Iworoko Road. Ado-Ekiti 3No undeveloped Plots of Land08037147736 A’ 08039137123
7MBA MFBOyoOjo-Aro Village near Olorunda. Ibadan. Oyo StateAn undeveloped Plot of Land07046055202
8KABBA MFBKogiNo 9. Market Road, KabbaBungalow08083114150
9SADAU MFBBauchiNo. 3. KofarFada. Itas LGC. Bauchi State4 Bedroom Bungalow, Gate/Security House and fenced round with solid gate08065744744
10ORAEZU MFBAnambraShop Nos DI2/5 & D12 /6 Main Market Idemili North LG A2NO shops0803.3223277
11BAKASI MFBCross River8th Miles. Calabar Cross River SuiteBungalow08023159344
12UNITED MFBDeltaNo 2. Udumota Quarters. Ekpan Effurun. Warri. Delta StateBungalow0803772870208023201421
13AFATAMODI OGUOLA MFBOgunOdemo Road. Sabo Area. Oke Bola, Isara. Remo LGA Ogun StateBungalow’07040055202 012711051
14AYETE MFBOyoAyete MFB. Ayete. Ibarapa North L.G.A Oyo StateBungalow08035777438 & 08023071614
15GBOKO MFBBenueTomator Market by L.G.E.A Primary School. Akrenlpav Road. Gboko South. Benue StateBungalow08065696000
16OMU MFBOgunErebe Community Land Omu-ljebu. Ogun State6 NO undeveloped Plots of Land07046055202012711051
17KPACHARKAMFBNigerAgwaraBungalow08034524199
18KPACHARKAMFBGuttanti Central Market Agwara2 Plot of Land (12ft X 15ft)08034524199
19LAVUNKPANMFBNigerBida-Mokwa Highway. Kutigi Town Lavun LGABungalow08034524199

A. CONDITION OF SALE
(i) The properties are being sold on “as is” basis.
(ii) Prospective buyers are required to contact the Corporation’s Agents/Representatives through the phone lines provided for further enquiries
(iii) 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 hanks (In-Liquidation) and with an inscription “BID FOR LANDED PROPERTY,” on the top left hand corner of the envelope. The bid should contain the name, address and telephone numbers of the bidder.
(iv) The 10% draft for the unsuccessful bidders would be returned immediately, while the deposit becomes part-payment for the winner

B. SUBMISSION OF BIDS
Bids should be submitted to the office of The Director, Asset Management Department, Nigeria Deposit Insurance Corporation, Lagos Office Annex, NECOM House (25th Floor), 15 Marina, Lagos on or before 4.00pm on Monday, 14 October, 2019.

c. OPENING OF BIDS
Submitted bids shall he opened in the presence of all bidders on Tuesday 15 October, 2019 by 12 noon prompt in the office of The Director, Asset Management Department, Nigeria Deposit Insurance Corporation, as stated above.

SIGNED:
DIRECTOR, ASSET MANAGEMENT DEPARTMENT,
NIGERIA DEPOSIT INSURANCE CORPORATION, LAGOS OFFICE ANNEX,
NECOM HOUSE (25TH FLOOR),
15 MARINA, LAGOS.

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