The Nigeria Deposit Insurance Corporation (NDIC), in exercise of its right as Liquidator of failed Micro finance banks (MFBs), hereby invites interested members of the general public to buy the assets (furniture ,fixture, fittings, 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 BANKLOCATIONSTATEAUCTIONEERSAUCTION DATENDIC CONTACT PERSON
1IROLU REMO MFB Ijesha, Ijebu, Irolu RemoOgunKingly Ejikson Enterprises. 0806002068918/07/19    to20/07/19NDIC (ASSET MANAGEMENT DEPARTMENT)Odili, 08131695143. John, 08029997846. Tijani, 08036142876
2Oduduwa MFBNDIC Ware House, 11A/11B, Mobolaji Johnson Way, Oregun, Ikeja, LagosLagosAnswereeth Culture Enterprises. 07033661741 & 0802384543018/07/19    to20/07/19 Ditto   
3AJEKO MFB            Market Square, Iyale, Dekina LGAKogiFero Investment Ltd. 07058816222 & 0818628604718/07/19    to20/07/19 BEU (ABUJA), Plot 447/448, Constitution Avenue, Central Business District, Abuja. 080063424357 & 08039187500
4KABBA MFB         No. 9, Market Road, KabbaKogiFero Investment Ltd. 07058816222 & 0818628604718/07/19    to20/07/19 Ditto   
5 MASOYI MFB       Kaduna Road, Kagara, Rafi LGANigerMallam A. A. Raha & Son. 0806724641318/07/19    to20/07/19 Ditto   
6AJIYA MFB10B Ibrahim Taiwo Road, Off Ahmadu Bello Way, KadunaKadunaAbubakar G. Musa & Co. 0803347744118/07/19    to20/07/19 Ditto   
7CHIMHAM MFB23 Road M, Sabon Gari, Kwoi, Jaba LGA, kadunaKadunaAlhaji Mohammadu Salihu. 08066764476, 08034644944 & 0802314095218/07/19    to20/07/19 Ditto    
8TIME MFBNo. 5 Kaferchan – Kagoro Road, Kafernchan LGA, KadunaKadunaAmsalat Ltd. 0806292483418/07/19    to20/07/19 Ditto  
9HILL SPRING MFB   Kagoro-Kaduna Road, Fadan KagoroKadunaThread Lines Investment Ltd. 0806036435318/07/19    to20/07/19Ditto 
10AJA-YEJEBWO MFB Km 8, Zungeru Road, Off Airport Road, Maikunkele,NigerMallam A. A. Raha & Son. 0806724641318/07/19    to20/07/19 Ditto   
11 SANGA MFB       Abubakar Maikano House, Opp. PDP Secretariat, Akwanga Road Gwantu, Sanga LGAKadunaAmsalat Ltd. 0806292483418/07/19    to20/07/19 Ditto      
12LAVUNKPAN MFB    Bida/Mokwa Highway, Kutigi Town, Lavun LGA, Niger StateNigerMallam A. A. Raha & Son. 0806724641318/07/19    to20/07/19 Ditto   
13CHIGBE-YAJI MFB Zungeru Road, Lemu, Gboko LGA, Niger StateNigerYakubu Mohammed. 0803333436918/07/19    to20/07/19 Ditto  
14CONFLUENCE MFB1. No. 5 Ibrahim Taiwo Road, Lokoja, 2.  Kotonkarfe Cash Office & 3.  Iyara Cash CentreKogiJ. I. Ajileye & Co. 0803311415018/07/19    to20/07/19 Ditto     
15DARAZO MFB Market SquareBauchiIsa Musa Matori. 0806688990018/07/19    to20/07/19 BAUCHI ZONAL OFFICE, No 3, Abdulkadir Ahmed Road, Bauchi. 09020441972 & 09020441975
16EAGLE MFBNo. 5A Tudu, Bokkos, Plateau StatePlateauAlhaji Umaru Sanda Adamu. 0806734989018/07/19    to20/07/19 Ditto  
17TAURA MFB        No. 1 MainStreet Off Kano- Maiduguri Road, Taura Town, Taura LGAJigawaThread Lines Investment Ltd. 0806036435318/07/19    to20/07/19 SOKOTO ZONAL OFFICE. No. 2, Gusau Road, Opp. NNPC Mega Station, Sokoto. 09035795104 & 07055769606
18IVIE MFB                     No. 108, Sapele Road, Benin City,EdoUaneghe Nig. Ltd. 0803289573918/07/19    to20/07/19 BENIN ZONAL OFFICE No. 28A & B, Benoni Road, Off Airport Road, GRA, Benin City, Edo State. 08033207975 & 08150999588
19UBULU MFB            Ogwashi/Umunede Road, Ubulu-uku, Aniocha South LGA, Delta State        DeltaUaneghe Nig. Ltd. 0803289573918/07/19    to20/07/19Ditto    
20Leap MFB               Delta State5, Okelue Street, Off Nnebisi Road, West end, Asaba, Delta StateDelta StateHybros Nig. Enterprises. 0803709657018/07/19    to20/07/19Ditto   
21IDUMUJE MFB         Abuano Market Sqaure, Idumuje-Ugboko, Aniocha North LGA       Delta Okebulu Ajike. 08123277951 & 0803377060418/07/19    to20/07/19Ditto
22HITECH MFB127 St. Michael Road, Abia StateAbiaFrank Maluze & Associate. 08037976466, 08033129022 & 0807974200118/07/19    to20/07/19 ENUGU ZONAL OFFICE, No 10, Our Lords’ Street, Independence Layout, Enugu.  07059763471
23ISU MFB                   Amurie Omanze Village in Isu LGAImoMezue & Associates. 08037976466, 08033129022 & 0807974200118/07/19    to20/07/19Ditto    
24IHECHIOWA MFB Umuye Ihechiowa, Arochukwu LGAAbiaCentury Phonix Nig. Ltd. 0803779980018/07/19    to20/07/19 Ditto  
25VANTAGE MFBNo. 16 Isiukwuato Street, Prefab, Owerri, Imo StateImoStan 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

  • 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 24 hours of winning the bid.
  • The 10% draft for the unsuccessful bidders would be returned immediately.
  • 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 locations.
  • All Assets are sold as “as is” and “net of all taxes”.
  • All purchased items must be evacuated within 24 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: 080063424357