NIGERIA DEPOSIT INSURANCE CORPORATION (NDIC)
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, 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/NNAME  OF BANKLOCATION STATEAUCTIONEERSAUCTION DATENDIC CONTACT PERSON
1IROLU REMO MFBIjesha, Ijebu, Irolu RemoOgunKingsley Ejikson Enterprises. 0806002068918/07/19 to20/07/19NDIC (ASSET MANAGEMENT) Odili, 08131695143. John, 08029997846. Tijani, 08036142876
2Oduduwa MFBNDIC Ware House, 11A/11B, Mobolaji Johnson Way, Oregun, Ikeja, LagosLagosAnswereth Culture Enterprises. 07033661741 & 0802384543018/07/19 to20/07/19Ditto
3AJEKO MFBMarket Square, Iyale, Dekina LGAKogiFero Investment Ltd. 07058816222& 0818628604718/07/19 to20/07/19BEU (ABUJA) Plot 447/448, Constitution Avenue, Central Business District, Abuja. 080063424357 & 08039187500
4KABBA MFBNo. 9, Market Road, KabbaKogiFero Investment Ltd. 07058816222& 0818628604718/07/19 to20/07/19Ditto
5MASOYI MFB Kaduna Road, Kagara, Rafi LGANiger Mallam A.A. Raha & Son 0806724641318/07/19 to20/07/19Ditto
6AJIYA MFB10B Ibrahim TaiwoRoad, Off Ahmadu BelloWay, KadunaKadunaAbubakar G, Musa & co. 0803347744118/07/19 to20/07/19Ditto
S/NNAME OF BANKLOCATIONSTATEAUCTIONEERSAUCTION DATENDIC CONTACT PERSONS
7CHIMHAM MFB23 Road M, SabonGari, Kwoi, Jaba LGA, KadunaKadunaAlhaji Mohammadu Salihu. 08066764476, 0803464494 & 0802314095218/07/19 to20/07/19Ditto
8TIME MFB No. Kaferchan Kagoro Road, Kafernchan LGA, KadunaKadunaAmsalat Ltd. 0806292483418/07/19 to20/07/19Ditto
9HILL SPRING MFBKagoro-Kaduna Road, FadanKagoroKadunaThread Lines Investment Ltd 0806036435318/07/19 to20/07/19Ditto
10AJA-YEJEBWO MFBKm 8, Zugenru Road, Off Airport Road, MaikunkeleNigerMallam A.A. Raha & Son 08067246413 18/07/19 to20/07/19Ditto
11SANGA MFBAbubakar Maikano House, Opp. PDP Secretariat, Akwanga Road Gwantu, Sanga LGAKadunaAmsalat Ltd, 0806292483418/07/19 to20/07/19Ditto
12LAVUNKPAN MFBBida/Mokwa Highway, Kutigi Town, Lavun LGA, Niger StateNigerMallam A.A. Raha & Son 0806724641318/07/19 to20/07/19Ditto
13CHIGBEYAJI MFBZungeru Road, Lemu, Gboko LGA, Niger StateNigerYakubu Mohammed. 08033334369 18/07/19 to20/07/19Ditto
14CONFLUENCE MFB1, No. 5 Ibrahim Taiwo Road, Lokoja, 2, Kotonkarfe Cash Office & 3. Iyara Cash CentreKogiJ. I. Ajileye & Co. 0803311415018/07/19 to20/07/19Ditto
15DARAZO MFBMarket Square BauchiIsa Musa Matori 0806688990018/07/19 to20/07/19BAUCHI ZONAL OFFICE, No 3, Abdulkadir Ahmed Road, Bauchi 09020441972 & 09020441975
16EAGLENo. 5A Tudu Bokkos, Plateau StatePlateauAlhaji Umaru Sanda Adamu 0806734989018/07/19 to20/07/19Ditto
17TAURA MFBNo. 1Main Street Off Kano-Maiduguri Road, Taura Town, Taura LGAJigawaThread Lines Investment Ltd 0806036435318/07/19 to20/07/19SOKOTO ZONAL OFFICE. No 2, Gusau Road, opp. NNPC Mega Station, Sokoto. 09035795104 & 07055769606
S/NNAME OF BANK LOCATION STATEAUCTIONEERSAUCTION DATENDIC CONTACT PERSONS
18IVIE MFBNo. 108, Sapele Road, Benin CityEdoUanegbe Nig. Ltd. 0803289573918/07/19 to20/07/19BENIN ZONAL OFFICE. No. 28A & B, Benoni Road, Off Airport Road, GRA, Benin City, Edo Sate. 08033207975 & 08150999588
19UBULU MFBOgwashi/Umunede Road, Ubuluuku, Aniocha South LGA, Delta StateDeltaUaneghe Nig. Enterprises. 0803709657018/07/19 to20/07/19Ditto
20Leap MFB Delta State5, Okelue Street, Off Nnebisi Road, West end, Asaba, DeltaDeltaHybros Nid. Enterprises 080709657018/07/19 to20/07/19Ditto
21IDUMUJE MFB Abuano Market Square, Idumuje –Uboko, Aniocha North LGADeltaOkebulu Ajike 08123277951 & 0803377060418/07/19 to20/07/19Ditto
22HITECH MFB127 St. Micheal Road, Abia StateAbiaFrank Maluze& Associate 08037976466, 08033129022& 08079744200118/07/19 to20/07/19ENUGU ZONAL OFFICE, No 10, Our Lords’ Street, Independence Layout, ENUG. 07059763471
23ISU MFBAmurie Omanze Village in Isu LGAImoMezue & Associates 08037976466, 0803312902& 0807974200118/07/19 to20/07/19Ditto
24 IHECHI OWA MFBUmuyelhechiowa Arochukwu LGAAbiaCentury Phonix Nig. Ltd. 0803779980018/07/19 to20/07/19Ditto
25VANTAGE MFBNo. 16 IsiukwuatoImoStan Okeahialam &   Co. 08037960430     0803495759818/07/19 to20/07/19Ditto

AUCTION PROCESS
The Public Auction for the furniture, fixtures, fittings & equipment will take place from 18th to 20th July, 2019.

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 24hours 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 24hours hours of purchase.

For further enquiries, please contact:
Director, Asset Management Department Nigeria Deposit Insurance Corporation
Lagos Office
NECOM HOUSE (25th Floor)
15, Marina P.M.B 12882, Lagos
Website: www.ndic.gov.ng
Tel: 08023159275
Help Desk Toll-Free Number 08006342435

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