ASSET MANAGEMENT CORPORATION OF NIGERIA (AMCON)
417, TIGRIS CRESCENT, OFF AGUIYI IRONSI STREET, MAITAMA, ABUJA
67, MARINA STREET, LAGOS ISLAND, LAGOS
PROPERTY FOR SALE

The Receiver/Manager of Rockson Engineering Company Limited (in Receivership), who was appointed by the Asset Management Corporation of Nigeria (AMCON), is desirous of selling the property described below:

A mansion on 2,000.29sq metres comprising the following:
• 8-bedroom en-suite
• 3-bedroom guest chalet
• 2 Conference rooms
• 2-bedroom boy’s quarters
• 4 living rooms
• Swimming pool
• 2-bedroom basement

ELIGIBILITY TO PARTICIPATE
To participate in the process, an interested party must meet the following criteria:
(i) Individual/Corporate entity, Directors of interested companies must not be indebted to AMCON;
(ii) 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.
(ii) Bid must be submitted with 10% of bid amount in Bank Drafts payable to Rockson Engineering Co. Ltd. (In Receivership).
(iii) The bid submission must be made in a sealed envelope with “Bid for Property”.
(iv) The Bank Drafts of unsuccessful bidders will be refunded once the bidding process is concluded.
(v) The successful bidder will be required to pay the 90% outstanding balance of the bid price within 10 calendar days of the bid submission deadline, failing which the 10% deposit becomes non-refundable and the property can be offered to other buyers.
(vi) Bids cannot be withdrawn or cancelled once submitted.

SUBMISSION OF BIDS
(i) The property must be sealed and submitted at the following address:
Asset Management Corporation of Nigeria (AMCON)
Plot 417, Tigris Crescent, Off Aguiyi Ironsi Road,
Maitama, Abuja
(ii) The bid must be submitted at the address above in a box marked “Abuja Property”.
(iii) The deadline for the submission of the bids is 12:00 noon Wednesday, 22 January, 2020.
(iv) All bids submitted will be opened at the AMCON office where the bids were submitted at 1:00pm Thursday, 22 January, 2020.

OPENING OF BIDS:
(i) All bidders and/or their representatives are welcome to be present at the bid opening. The highest bid for the property will emerge the winner subject to the highest bid being equal to or above the reserve price. Results will be announced immediately.
(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

PROPERTY INSPECTION:
All interested bidders are invited to contact the Receiver Manager on rocksonengr@gmail.com for guided inspections of the property and enquiries. The property will be sold on an “as is” basis.

SIGNED:
RECEIVER MANAGER