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/N	BANK NAME	ADDRESS	STATE	AUCTIONEERS NAME AND PHONE NO.	AUCTION DATE	NDIC CONTACT PERSONS
1	STAKO MFB,	No. 1 Mobil Road, Apapa, Lagos State	Lagos	Alhaji YSOA Abdullahi Nig. Ltd 08038339475 & 08022022236	22/05/2019      to 25/05/2019	NDIC (ASSET MANAGEMENT DEPARTMENT)Odili, 08131695143. John, 08029997846. Tijani, 08036142876
2	OMU MFB	No 1, Otumba Gbenga Daniel Street, Omu-Ijebu, Ogun State	Ogun	Answereth Culture Enterprises07033661741 & 08023845430	22/05/2019      to 25/05/2019	Ditto
3	AFATAMODI -OGUOLA MFB	Bank House, Oke Oyingbo, Odemo Road, Ogun State	Ogun	Answereth Culture Enterprises 07033661741 & 08023845430	22/05/2019      to 25/05/2019	Ditto
4	AYETE MFB	Ayete Postal Agency, Ayete, Ibarapa North LGA	Oyo	Kingly Ejikson Enterprises 08060020689	22/05/2019      to 25/05/2019	Ditto
5	ERUNWON MFB	No. 1 Churchstreet, Erunwon Town, Ijebu Ode, Ogun State	Ogun	Alhaji YSOA Abdullahi Nig. Ltd 08038339475 & 08022022236	22/05/2019      to 25/05/2019	Ditto
6	NEW VISION MFB	Takie Square oyo/Ibadan Road, Ogbomosho, Oyo State	Oyo	Kingly Ejikson Enterprises 08060020689	22/05/2019      to 25/05/2019	Ditto
7	MBA MFB	51, Ashi Bodija Road, Ibadan	Oyo	Answereth Culture Enterprises 07033661741 & 08023845430	22/05/2019      to 25/05/2019	Ditto
8	HARVEST MFB	Olujudo Road, Ido-Osi  LGA	Ekiti	Okebulu Ajike 08123277951 & 08033770604	22/05/2019      to 25/05/2019	Ditto
9	TRANSWEALTH MFB	No. 1 Owode Street, Odo-Ado Street, Ekiti State	Ekiti	Okebulu Ajike 08123277951 & 08033770604	22/05/2019      to 25/05/2019	Ditto
10	ABOKI MFB	Plot 2, Murtala Mohammed Squere, By Independence Way, Kaduna State	Kaduna	Alhaji Mohamadu Salihu 08066764476, 08034644944 & 08023140952	22/05/2019      to 25/05/2019	BEU (ABUJA), Plot 447/448, Constitution Avenue, Central Business District, Abuja. 080063424357 & 08039187500
11	AMURO MFB	Post Office Building, Amuro,  LGA	Kogi	Fero Investment Ltd 07058816222 & 08186286047	22/05/2019      to 25/05/2019	Ditto
12	SKYLINE MFB	No 2, Baba Street, Mararaba, Nasarawa State	Nasarawa	Mallam A. A. Raha & Son 08067246413	22/05/2019      to 25/05/2019	Ditto
13	LAPAI MFB	No.7, Ahmadu Bello Way, Lapai, Niger State	Niger	Mallam A. A. Raha & Son 08067246413	22/05/2019      to 25/05/2019	Ditto
14	KPACHARKA MFB	Agwara, Niger State	Niger	Yakubu Mohammed 08033334369	22/05/2019      to 25/05/2019	Ditto
15	COMMONWEALTH MFB	No. 8B, Kagoro Road, Kafanchan	Kaduna	Thread Lines Investment Ltd 08060364353	22/05/2019      to 25/05/2019	Ditto
16	ZUMWA MFB	Unguwan Sarki, Sabon-Wuse	Niger	Yakubu Mohammed 08033334369	22/05/2019      to 25/05/2019	Ditto
17	NEU-KOM MFB	Suite 14b, ABM Plaza, No. 23, Ekukinam Street, Utako	FCT, Abuja	Bawa Garba Enterprises 08032903555	22/05/2019      to 25/05/2019	Ditto
18	GAINS MFB	No. 2 Marine Road, Lokoja, Kogi State	Kogi	Yakubu Mohammed 08033334369	22/05/2019      to 25/05/2019	Ditto
19	INRI MFB	Plot 100, Okigwe, Afikpo Hope vile Junction, Uturu, Abia State	Abia	Global Services Nig. Ltd 08035463980	22/05/2019      to 25/05/2019	ENUGU ZONAL OFFICE, No 10, Our Lords’ Street, Independence Layout, Enugu.  07059763471
20	OHAMBELE MFB	Ndoki, Ukwa East LGA	Abia	Mezue & Associates 08033097742 & 08051005388	22/05/2019      to 25/05/2019	Ditto
21	OGIDI MFB	Akpalapgwe, Old Enugu/Onitsha Ogidi	Anambra	Chief J. C. I. Ogabuagu & Co 08023389633	22/05/2019      to 25/05/2019	Ditto
22	ORAEZU MFB	No.3 Igweike Odu Strt, Omagba Onitsha	Anambra	Chief J. C. I. Ogabuagu & Co 08023389633	22/05/2019      to 25/05/2019	Ditto
23	ABATETE MFB	Idemili North  LGA	Anambra	I. O. U & Sons Enterprises 08037584627 & 08036753362	22/05/2019      to 25/05/2019	Ditto
24	ORIE ORBA MFB	NO 1 Obollo Road, Orie Orba, Udenu LGA	Enugu	Mezue & Associates 08033097742 & 08051005388	22/05/2019      to 25/05/2019	Ditto
25	ARONDIZIOGU MFB	Ndiakunwa, NTA Uno, Arondiziogu, Ideato North LGA	Imo	Kalu Kalu & Partners 08033281058	22/05/2019      to 25/05/2019	Ditto
26	AMAIFEKE MFB	Amaifeke, Orlu, Imo State	Imo	Kalu Kalu & Partners 08033281058	22/05/2019      to 25/05/2019	Ditto
27	SAVIOR MFB	No. 141, Oweri Road, Imo State	Imo	Kalu Kalu & Partners 08033281058	22/05/2019      to 25/05/2019	Ditto
28	IDEATO SOUTH MFB	Plot 1. Ideato Central Market, Ntueke Ideato South LGA, Imo State	Imo	I. O. U & Sons Enterprises 08037584627 & 08036753362	22/05/2019      to 25/05/2019	Ditto
29	UGBOJU MFB	No. 2, Ogbobia, Ubaboju Ehakje Ward, Otukpo	Benue	Frank Maluze & Associates 08037976466, 08033129022 & 08079742001	22/05/2019      to 25/05/2019	Ditto
30	ALACHE MFB	No. 12, Bank Road, Ogoja, Cross River, State	Cross River	Mechetex International Ltd 08033486551 & 08022744226	22/05/2019      to 25/05/2019	Ditto
31	FCE MFB, OBUDU	Federal College of Education, Obudu	Cross River	Frank Maluze & Associates 08037976466, 08033129022 & 08079742001	22/05/2019      to 25/05/2019	Ditto
32	BAKASI MFB	8th Miles, Calabar, Cross River State	Cross River	Global Services Nig. Ltd 08035463980	22/05/2019      to 25/05/2019	Ditto
33	GBOKO MFB	No. 40, J.S. Tarka Way, Gboko LGA, Benue State	Benue	Mechetex International Ltd 08033486551& 08022744226	22/05/2019      to 25/05/2019	Ditto
34	SADAU MFB	No. 3, Kofar Fada, Itas,	Bauchi	Thread Lines Investment Ltd 08060364353	22/05/2019      to 25/05/2019	BAUCHI ZONAL OFFICE, No 3, Abdulkadir Ahmed Road, Bauchi. 09020441972 & 09020441975
35	GUDDIRI MFB	No. 40, Old Kano Road, Azare	Bauchi	North Land Resources Ltd 08028502113 & 07067675502	22/05/2019      to 25/05/2019	Ditto
36	GARU MFB	NO.5, Illelah Street, off Emir Road	Bauchi	Alhaji Umaru Sanda Adamu 08067349890	22/05/2019      to 25/05/2019	Ditto
37	MISSAU MRB	No. 2, Kano-Kari Road, Misau	Bauchi	North Land Resources Ltd 08028502113 & 07067675502	22/05/2019      to 25/05/2019	Ditto
38	WARJI MFB	No.10, Bakin Kasuwa, Emirs Drive, Katanga, Warji LGA and a Cash Center at Bauchi Investment Center	Bauchi	Isa Musa Matori 08066889900	22/05/2019      to 25/05/2019	Ditto
39	BUNZA MFB	Sabon Gari Area, Bunza, LGA	Kebbi	Thread Lines Investment Ltd 08060364353	22/05/2019      to 25/05/2019	SOKOTO ZONAL OFFICE. No. 2, Gusau Road, Opp. NNPC Mega Station, Sokoto. 09035795104 & 07055769606
40	SHINKAFI MFB	Sabo Birni Road, Shinkafi Zamfara State	Zamfara	Alhaji Mohamadu Salihu 08066764476, 08034644944 & 08023140952	22/05/2019      to 25/05/2019	Ditto
41	UNITED MFB	No 2, Udumota Quarters, Ekpan Effuru, Warri	Delta	Hybros Nig. Enterprises 08037096570	22/05/2019      to 25/05/2019	BENIN ZONAL OFFICE No. 28A & B, Benoni Road, Off Airport Road, GRA, Benin City, Edo State. 08033207975 & 08150999588
42	ALOAYE MFB	No. 3, Mission Road, Agenebode, Etsako East LGA, Edo State	Edo	Uaneghe Nig Ltd 08032895739	22/05/2019      to 25/05/2019	Ditto
43	EBU MFB	Ebu-Lilah Road, Ebu Town, Oshimili North LGA	Delta State	Hybros Nig. Enterprises 08037096570	22/05/2019      to 25/05/2019	Ditto
44	AGBERHO MFB	95A Old Ugheli/Warri Road, Orhogbarho	Delta	Silva Alele & Associates 08037438529 & 08188277949	22/05/2019      to 25/05/2019	Ditto
45	ADAIGBO MFB	No. 12, NEPA Road, Ogwashi-uku, Aniocha South LGA	Delta	Uaneghe Nig Ltd 08032895739	22/05/2019      to 25/05/2019	Ditto
46	IJOMU-ORO MFB	Oro, Kwara State	Kwara	Fero Investment Ltd 07058816222 & 08186286047	22/05/2019      to 25/05/2019	ILORIN ZONA OFFICE. No. 23B, Ahmadu Bello Way, GRA, Opp. DSS Office, Beside Sharia Court of Appeal. 08023123185 & 08187960908
47	TRANSATLANTIC MORTGAGES	No. 244, Chief Melford Okilo Road, Ekiki, Yenogoa	Bayelsa	Rhea Maria & Co. 234-084-484570	22/05/2019      to 25/05/2019	PORT HARCOURT ZONAL OFFICE. No. 104, Woji Road, off Olu Obasanjo Road, GRA, Port Harcourt, Rivers State. 09090726737 & 08084291777

AUCTION PROCESS

The Public Auction for the furniture, fixtures, fittings & equipment will take place from 22^nd to 25^th May, 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 (25^th Floor)
15, Marina P.M.B. 12882, Lagos
Website: www.ndic.gov.ng 
Tel: 08023159275
Help Desk Toll Free Number: 080063424357