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:

AUCTION PROCESS

The Public Auction for the furniture, fixtures, fittings & equipment will take place from 21st to 24th February, 2024.

CONDITIONS FOR BIDDING FOR THE GENERATORS AND MOTOR VEHICLES

1. 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.

2. The 10% draft for the unsuccessful bidders would be returned immediately.

3. Bids should be submitted to the Auctioneers or NDIC Contact persons at the bank premises and within the stated period.

4. Submitted bids shall be opened before the bidders at the various locations.

5. All Assets are sold as “as is” and “net of all taxes”.

6. 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, Mamman Kotangora House (9th Floor),

23A, Marina, Lagos.

Tel No: 08062616662.