Asset Management Corporation Of Nigeria (AMCON) - Sale Of Properties By Auction (18 Lots)

ASSET MANAGEMENT CORPORATION OF NIGERIA (AMCON) PROPERTIES FOR SALE

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, offers the following properties for sale to interested members of the public. Further details of the properties available for sale, can be found on the following website: www.amcon.com.ng

ELIGIBILITY TO PARTICIPATE: To participate in the process, an interested party must meet the following criteria: (i) Individual / Corporate entity must not be indebted to AMCON; (ii) Directors of interested companies must not be indebted to AMCON: and (iii) Individual must not be an AMCON employee, a relative of an AMCON employee or 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 agent, Osy Kamalu & Associates: 09051331416, 08036274306. Alternatively, they can be downloaded from AMCON’s website www.amcon.com.ng under Asset Disposal Assets for Sale or requested by emailing amcon.disposals@amcon.com.ng ; osykamaluassociates@gmail.com or osykamaluagency@gmail.com (iii) Bid forms must be submitted alongside 10% of the bid amount in Certified Bank Drafts payable to the Asset Management Corporation of Nigeria or evidence of the transfer of 10% of the bid sum to AMCON via the Remita platform, details of which are provided with the bid forms. Where bank drafts are provided, please note that if the deposit sum exceeds N10million multiple certified bank drafts must be provided, (iv) The bid submission must be made in a sealed envelope with “Bid for Property” inscribed on the top left corner of the envelope, (v) The Certified Bank Drafts and transferred funds of unsuccessful bidders will be refunded once the bidding process is concluded. (vi) The successful bidder will be required to pay the 90% outstanding balance of the bid price within 15 calendar days of the bid submission deadline, failing which the 10% deposit becomes non-refundable and the property can be offered to other buyers. (vii) Bids cannot be withdrawn or cancelled once submitted.

SUBMISSION OF BIDS LAGOS: (i) Bids for properties located in Lagos, Oyo and Ogun States must be sealed and submitted in the designated bid box at the following address: Asset Management Corporation of Nigeria (AMCON) 67, Marina Street, Lagos Island, Lagos (ii) The deadline for the submission of bids is 12:00 noon Wednesday, July 1, 2020 (iii) All bids submitted in Lagos will be opened at the AMCON Lagos office where the bids were submitted at 1.00pm Wednesday, July 1, 2020.

SUBMISSION OF BIDS ABUJA: (i) Bids for properties located in Abuja, Enugu, Rivers, Delta, Kwara, Akwa Ibom and Benue States must be sealed and submitted in the designated bid box at the following address: Asset Management Corporation of Nigeria (AMCON) Plot 417, Tigris Crescent, Off Aguiyi Ironsi Road, Maitama Abuja (i) The deadline for the submission of bids is 10:00am Thursday, July 2, 2020 (ii) All bids submitted in Abuja will be opened at the AMCON Abuja office where the bids were submitted at 11:00am Thursday, July 2, 2020

OPENING OF BIDS: (i) All bidders and / or their representatives are welcome to be present at the bid opening. The highest bid for each property will emerge the winner subject to the highest bid being equal to or above the reserve price. Results will be announced immediately after the conduct of the exercise. (ii) 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 fresh bid submissions will be announced at the bid opening. (iii) Conclusion of sale of some properties, due to size, may further be subject to higher authority approval.

PROPERTY INSPECTION: All interested bidders are invited to contact the Coordinating Agent, Osy Kamalu & Associates – 09051331416; 08036274306 for guided inspections of the properties and enquiries. The properties will be sold on an “as is” basis. For further information and clarification please visit our website www.amcon.com.ng or email AMCON at amcon.disposals@amcon.com.ng .

SIGNED: The Secretary, Asset Sale & Negotiation Committee 417, Tigris Crescent Off Aguiyi Ironsi Street, Maitama, Abuja.

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.

S/N PROPERTY ADDRESS LOCATION PROPERTY TYPE PROPERTY DETAILS 1 Km 9, Old Lagos Road, Podo (Plot 1,2 & 3) (Plot 1, 2 & 3 Road 1 Zone 2) Mogbojubola Industrial Layout, Opere Village, Off Lagos Road. Ibadan, Oyo Oyo Commercial Development on site comprises majorly a Warehouse/office block. Other structure on-site include a security block/gatehouse, external toilet block and a generator block aII on a site Area of approximately 12,802.831sqm 2 Plot 29, municipally known as No. 75, Zik Avenue, Uwani Enugu, Enugu State. Enugu Commercial Development on Site is a detached structure on 2 floors on a site area measuring approximately 356.158sqm 3 No 5 & 7 Ojiogbo Street, off Ikwerre Road, Mile 3 Port Harcourt, Rivers State Rivers Residential Development on site in an L-shaped residential structure on 3 floors comprising several units of 1 bedroom, 2 bedroom and 3 bedroom flat 4 Development comprises several commercial structures and warehouses All on a land Area of appproximately 39,205sqm located At Ikeja lsheri Road Agidingbi Village, Ikeja Lagos State Lagos Commercial Development comprises several commercial structures and warehouses all on a land area of appproximately 39,205sqm located at Ikeja lsheri Road Agidingbi Village, Ikeja Lagos State 5 Plot of land At No. 80 Community Road, Akoka – Yaba Lagos State Lagos Bare Land The property is a bare land measuring approximately 818.196sqm 6 Plot 8,9,24 and 25 of the Olokonla Family Land at Olokonla Village, near Ajah town Lagos Residential The property comprises 7 Units of Duplexes all on a land area of approximately 2,635.150sqm. 7 Property at No. 34 Bola Street. Ebute Metta, Yaba, Lagos. Lagos Commercial The property is on 4 floors approxi. land Size of 1,723.36sqm. 8 Road 1, Close 1, Plot 15 Federal Housing Estate Woji Town, Obio/Akpor LGA, Port Harcourt, Rivers State Rivers Residential Comprised of Terrace House (6 nos apartments). Block of 4 nos three Bedroom flats. Block of 12 nos one Bedroom flats. Gate House A. Gate House B. and generator House approxi land size of 2,611.51 9 53, Bashiru Shittu Street, Magodo GRA Lagos Lagos Commercial Major development on site Is an L-Shaped five floor Hotel. Other structures and facilities on site are an admin Block, a Swimming pool, a Bar section, gym centre, restaurant. Ironing room, airport shuttle, car Hire, conference facilities, meeting room and multi purpose Hall all on a land area of approximately 6699.5sqm 10 Plot 515A, 8th Street DDPA Estate Warri Delta Residential Development on a site measuring approximately 512.38sqm. Is a gated and fenced detached bungalow within DDPA residential estate. Delta State 11 KM 43, Lagos Abeokuta expressway Owade, ljako Sango-Otta Ogun State Ogun Bare land Undeveloped land mensuring approximately 4,799.981sqm. 12 4,064.65sqm Land at Ijegun-Egba, Satellite Town, Amuwo Odofin Local Government Lagos Lagos Bare land Bareland measuring approximately 4,066.65sqm. At Ijegun – Egba, Satellite town. Amuwon Odofln LGA of Lagos 13 Block 4, House 5A, Mobolaji Johnson Estate. Lekki 1, second gate Lagos Residential Development on site comprises a 4 Bedroom semi-detached House and 1 Boys’ quarters 14 Fifty-two (52) plots of land located atKm 6, Airport Road, Aluu Junction Rukpokwu Obio/Akpo LGA. Port Harcourt, Rivers State Rivers Bare land Fifty-Two (52) plots of land located at Km 6, Airport Road. Aluu (unction Rukpokwu Obio/Akpo LGA. Port Harcourt. Rivers State 15 Plot 71, Abacha Link Road GRA Phase 3, Port Harcourt Rivers Residential Development on site comprises 2 units 5 bed room detach duplexes, 2 wings of 4 bedroom semi-detached structure, a gate house and power House. 16 Property at by Odofin Lane, off Kareem Adrniran Street. Ilorin. Kwara. Kwara Residential Development on site Is a fenced 5 Bedroom bungalow with 3 bedroom guest charlet and a gate House 17 Property at No. 7 Kareem Adeniran Street, Ilorin, Kwara. Kwara Residential Development on site Is a 4 Bedroom Bungalow and gate House on a site area of approximately 958.35sqm 18 No.28 Ibafon Road, off Apapa-Oshodi Expressway, Coconut Bus-Stop, Apapa Lagos State Lagos Residential Development on site Is a residential Block comprising several units of flats 19 TPS 142 “Plot 847” Gboko Road, Makurdi, Benue State Benue Residential Development on site comprises 4 units of self contained apartments, a Block comprising several units of 1 Bedroom, 4 Bedroom and 2 Bedroom flats. Other structures include a security house and generator house. 20 Plot 6 Esther Adeleke, Lekki (House) Lagos Residential Development on site comprises a block of 8 units of 3bedroom flats and a block of 6 units of 4 bedroom duplexes with servant quarters. Other facilities on site are a swimming pool and generator House all on a site area measuring 3,223.5sqm 21 Plot 1297, Cadastral Zone, A7, Nairobi Street off Aminu Kano Crescent Wuse II, Abuja Abuja Residential Development on site comprises block of 6 units of 3 bedroom flat with attached servant quarters and a gate House. 22 18A Ladipo Oluwole Street, Apapa GRA Lagos Lagos Residential Development on site Is a 3 bedroom duplex with several servant quarters, a gate House on land area of approximately 1000sqm. 23 Property located at No. 133 Redeemed Christian Church (RCC) road. Trans Amadi Industrial Layout, Port Harcourt Rivers Commercial Development on site is an L – Shaped structure comprising 2 bay ware Houses attached to an office block on 2 floors all on a vast site area of approximately 9,720sqm 24 Plot 4, XXI. Magbaogunje Street.Onlru Lagos Residential Development on site comprises 2 units of 3 bedroom semi-detached Houses on a land area of approximately 431.48sqm 25 Plot 11, House 7A. B, C Ogunyemi Street, Oniru Estate , V/I Lagos Residential Development on site comprises 3 units of 5- bedroom semi detached Houses on approximate land size of 1000.5sqm. 26 No. 3 Olaletan Oniru road, Oniru Private Estate, Victoria Island. Lagos Residential Development on site ls a residential mini estate premises segmented Into four (4) fully detached houses (House A, B, C & D). Houses A, B & C have common vehicular and pedestrial gate while access to house D is via a separate gate (vehicular and pedestrian) 27 Property at 17 (Plot 49) Sir, Tony Eromosele Off Femi Pedro Street, Parkview Extension, Parkview Estate Ikoyi, Lagos Lagos Residential Development on site In a 9-bedroom guest House with a pent house, other structures/facilities are service quarters, swimming pool, security house and generator house, all on a land size of approximately 2,136.62sqm 28 Uncompleted office complex known as Victoria House located at Mobolaji Bank Anthony Way Ikeja Lagos Commercial Development on site area of approximately 2847.82 square metres is an uncompleted office block on 9 floors located directly on Mobolaji bank Anthony Way, lkeja. 29 Okipp Factory Oku Iboku, Akwa Ibom State Akwa Ibom Commercial The property was formerly known as Nigerian Newsprint Manufacturing Company Limited, located at Oku Iboku. Itu Local Government Area. Akwa Ibom State, It occupies an area of approximately 422.03 hectares. 30 Independent Power Plant at Ilupeju.Lagos Lagos Commercial The Independent Power Plants are 2 Nos 700kva Deutz-Tella Natural Gas Model Powered with TCG 2016 v16 Engines

Asset Management Corporation Of Nigeria (AMCON) – Sale Of Properties By Auction (18 Lots)

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