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/NOLOCATIONSTATEAUCTIONEER NAME AND PHONE NO.AUCTION DATENDIC CONTACT  PERSONS
1Medife House, Wuse, Zone 5, FCT Abuja.M/S Ubosi Eleh & Co.08023137052080547975068th– 12th, October, 2019BEU, Plot 447/448 Constitution Avenue, Central Business District, Abuja.080063424357 & 08039187500
2Utako Market, Utako District,FCT AbujaM/S Ubosi Eleh & Co.08023137052080547975068th– 10th , October, 2019Ditto
3Dei Dei International building Material Market, FCT AbujaM/S Ubosi Eleh & Co.08023137052080547975068th– 10th, October, 2019Ditto
   4Abacha Road, Beside Oando Filling Station, Mararaba, Nasarawa StateNasarawa M/S Ubosi Eleh & Co.08023137052080547975068th– 10th, October, 2019Ditto
  5Alhaji Sule Walalalo Shopping Complex Plaza, Along Toto Road, Abaji Nassarawa, Abaji,.FCT  AbujaM/S Ubosi Eleh & Co.08023137052080547975068th– 10th, October, 2019Ditto
  6By Okada Junction, Kabusa, FCT   AbujaM/S Ubosi Eleh & Co.08023137052080547975068th– 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

  • 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.
  • The 10% draft for the unsuccessful bidders would be returned immediately, while the deposit becomes part-payment for the winner.
  • Bids should be submitted to the Auctioneers or NDIC Contact persons within the stated period.
  • Submitted bids shall be opened before the bidders at the various location.
  • All Assets are sold “as is” and “net of all taxes”.
  • 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 (25th Floor),
15 Marina,
Lagos.
Tel No: 08023159275
Lagos Office.