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 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:
NDIC MICROFINANCE BANK AUCTIONS - NOVEMBER 2026
(Auction Dates: 27/11/2024 – 29/11/2024)
REMARK (All Entries):
NDIC (ASSET MANAGEMENT DEPARTMENT) — John 08029997846, Aliyu 08062657895, Taiwo 07085772569
ABIA
Statesman Microfinance Bank Limited, 37, Market Road, Uzuakoli
Auctioneer: Century Phonix Nig. Ltd (08037799800)
ABUJA
Atlas Microfinance Bank Limited, Plot 1077, Cadastral Zone B02, Old Federal Secretariat Road, by Area 3 Junction, Durumi
Auctioneer: Oko Oroma Ventures Ltd (07032682583 & 08025157409)
BFL Microfinance Bank Limited, Abuja Shopping Mall, Wuse District
Auctioneer: Bawa Garba Enterprises (08032903555)
AKWA IBOM
Prudential Co-Operative Microfinance Bank Limited, Km 5 Uyo-Ikot Ekpene Road, Essien Udom L.G.A.
Auctioneer: Rose Uduakang & Co (08027878892)
ANAMBRA
Uli Microfinance Bank Limited, Km 45, Onitsha-Owerri Road, Uli, Ihiala LGA
Auctioneer: Emma Ezeh & Co (08033408989)
Ejiamatu Microfinance Bank Limited, Oye Market Square, Mmili John Road, Ojoto Bye Pass, Ojoto, Idemili South LGA
Auctioneer: Emma Ezeh & Co (08033408989)
Nanka Microfinance Bank Limited, Afor Udo Market, Nanka, Orumba North Local Govt. Area
Auctioneer: Okaro & Associates (08033363537)
Umunne Microfinance Bank Limited, 3, Analikwu Road, Nimo, Njikoka LGA
Auctioneer: George Madu & Company (08035902954)
CROSS RIVER
Ogoja Microfinance Bank Limited, 27 Mission Road, Igoli-Ogoja
Auctioneer: Okonuga Nig. Ltd (08028512633 & 08161399124)
DELTA
Unifa Microfinance Bank Limited, 35, Ughelli/Warri Road, Ughelli
Auctioneer: Nkechi Imobhio & Co (8023201421, 8033168848)
Nopov Microfinance Bank Limited, 1, Uwor Street, Ogbeowele, Ibusa
Auctioneer: Silva Alele & Associates (08037438529)
EDO
Ighomo Microfinance Bank Limited, 7 Akpakpava Road, Benin City
Auctioneer: Hybros Nig. Enterprises (08037096572)
SBDC Microfinance Bank Limited, NNB Building, Ring Road, Benin City
Auctioneer: Hybros Nig. Enterprises (08037096572)
EKITI
Eksu Microfinance Bank Limited, ASUU Cooperative Building, Beside Faculty of Social Sciences, Ekiti State University, Ado-Ekiti
Auctioneer: Rapheal Omotola & Co (08061691998)
IMO
Osina Microfinance Bank Limited, Afor Osina, Ideato North LGA
Auctioneer: Joe Onyike & Company (08033263957)
Merit Microfinance Bank Limited, 21, Orlu Road, Amaigbo
Auctioneer: Joe Onyike & Company (08033263957)
Ihioma Microfinance Bank Limited, 245, Ihioma Road, Orlu
Auctioneer: Ivie Idike & Partners (08033069699)
Nwabosi Microfinance Bank Limited, Isiekenesi, Ideato South LGA
Auctioneer: Chinwe Ekeoma & Associates (08033263916)
KADUNA
Kada Microfinance Bank Limited, No. 3, Rigachukun Road, Tundunwada
Auctioneer: Amsalat Limited (08062924834, 08080878991, 08055027688)
Nut-Endwell Microfinance Bank Limited, 19, Gwandu Road
Auctioneer: Callistus Ekeh Nig Enterprises (08037875696)
KOGI
Akwengwu Microfinance Bank Limited, Idanuha Quarters, Behind Old Police Station, Ogaminana, Okenne
Auctioneer: J. I. Ajileye & Co (08033114150)
Kogi Savings and Loans, No. 44, Murtala Mohammed Way, Paparanda, Lokoja
Auctioneer: Basala Ventures (08033589551)
Ohon Microfinance Bank Limited, Aiyegunle-Gbedde, Ijumu LGA
Auctioneer: J. I. Ajileye & Co (08033114150)
Progressive Link Microfinance Bank, Kabba-Ilorin Road, Yagba East LGA
Auctioneer: Ekundayo Ayodele & Partners (08033770713)
KWARA
Ajikobi Microfinance Bank Limited, 13, Ajikobi Street, Ilorin
Auctioneer: Basala Ventures (08033589551)
LAGOS
Crossover Microfinance Bank Limited, 63B, Raymond Njoku Street, South West Ikoyi
Auctioneer: Kayode Segun & Associates (08103206531)
Crowned Eagle Microfinance Bank Limited, 132 Isawo Road, Owutu, Ikorodu
Auctioneer: Olasukanmi Enterprises (08023038692)
Lawebod Microfinance Bank Limited, 18, Moloney Street, Obalende
Auctioneer: Gadco Investment Limited (07030052596, 08023591234)
Seed Capital Microfinance Bank Limited, 2, Montgomery Road, Yaba
Auctioneer: Gadco Investment Limited (07030052596, 08023591234)
NASARAWA
Amba Microfinance Bank Limited, 1, Makurdi Road, Lafia LGA
Auctioneer: Indillah Enterprises Nigeria (08034724308)
Keffi Microfinance Bank Limited, 1, Abubakar Burga Road, Turaki House, Keffi
Auctioneer: Tonjody Ventures (08055454340)
NIGER
Bmazazhin Microfinance Bank Limited, IBB Road, Gawu-Babangida
Auctioneer: Adamu Mohammed & Partners (08035924130)
OGUN
Ekuombe Microfinance Bank Limited, 2, Community Bank Road, Ilaro-Yewa South
Auctioneer: Solomon Soetan & Brothers (08036898044)
West-End Microfinance Bank Limited, 11, Community Road, Igbesa, Ado Odo LGA
Auctioneer: G. Bello Enterprises (08022489945 & 07039000000)
ONDO
Oroke Microfinance Bank Limited, Ibaka Quarters, Ikare Road, Akungba Akoko
Auctioneer: Kehinde Olugbenle & Co (08056382284)
OYO
Igangan Microfinance Bank Limited, No. 1, Community Bank Road, Isale Akao, Igangan, Ibarapa LGA
Auctioneer: A. O. Akintunde & Co (08032505439)
Oaf Microfinance Bank Limited, No. 76, Akinjide Plaza, 4th Floor, Adekunle Fajuyi Road, Adamasingba, Mokola, Ibadan
Auctioneer: Emmanuel the Great Nig. Enterprises (08037706707)
Sal-Fol Microfinance Bank Limited, 25, Ibadan Municipal Shopping Complex, Bank Road, Bodija-Oja, Ibadan
Auctioneer: Emmanuel the Great Nig. Enterprises (08037706707)
Reality Microfinance Bank Limited, Reality House, Oladele George Street By AP Filling Station, Sawmill, Old Ife Road, Ibadan
Auctioneer: Adeolu Adejimi & Co (08038004150)
PLATEAU
Bluewhales Microfinance Bank Limited, Taen Building, Opposite Former NITEL Office, Yakubu Gowon Way, Jos
Auctioneer: Fidel Idoko & Co (08034525954 & 08045120866)
RIVERS
Moneywell Microfinance Bank Limited, 2, Ezimgbu Road, Off Circular Road, G.R.A. Phase IV, Port Harcourt
Auctioneer: MN&M Consult (08089841188)
AUCTION PROCESS
The Public Auction for the furniture, fixtures, fittings & equipment will take place from 27th to 29th November, 2024.
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 at the bank premises and 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 Annex,
Mamman Kontagora House (9th Floor),
23A, Marina, Lagos.
Tel No: 08033140232.
Lagos Office
November, 2024
SIGNED: MANAGEMENT