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:

1COCONUT AVENUE  MFB No. 3 Tex Olawale Crescent, Coconut Bus stop, Tincan Island, Apapa LagosLagosKachikwu-Ugeh & Co. 08033241379July 14 – 17, 2021NDIC (Asset Management Department) Mamman Kontagora House, 23A, Marina Street, Lagos
John: 08029997846, Aliyu: 08062657895 & Hamza: 08038002352
2SUSU MFB               34 Commercial Avenue Sabo Yaba LagosLagosAnswereeth Culture Enterprises. 08033661741 & 08023845430July 14 – 17, 2021Ditto
3ERE CITY MFBEre-Ijesha/ilahun Road, Ere-Ijesha, Oriade LGA, Osun StateOsunKingley Ejikson Enterprises. 08060020689July 14 – 17, 2021Ditto
4Korede MFB                    Plot no. 3, Luwoye Street, IgbotakeOndoKingley Ejikson Enterprises.July 14 – 17, 2021Ditto
5IBOGUN MFB           Ibogun-Egbeda, Ifo LGA,OgunOkebulu Ajike. 08123277951 & 08033770604July 14 – 17, 2021Ditto
6ACKOFED MFBEkin Itam II, Ikot Ekpene Road, Uyo LGA,Akwa IbomRose Udokang & Co.  08027878892July 14 – 17, 2021Port Harcourt Zonal Office, No. 104, Woji Road, off Olu Obasanjo Road, GRA, Port Harcourt, Rivers State. 09090726737 & 08084291777
7SAPPHIRE MFBAPICO House, 115, Abak Road, UyoAkwa IbomRose Udokang & Co. 08027878892July 14 – 17, 2021Ditto
8GUFAX MFB               3, Udotung Ubo Street, Uyo, Akwa Ibom StateAkwa Ibom StateRose Udokang & Co. 08027878892July 14 – 17, 2021Ditto
9KANGIWA MFBKangiwa LGA, Kebbi StateKebbiMuhammad & Co. 08033581237July 14 – 17, 2021Sokoto Zonal Office, No. 2, Gusau Road, Opp. NNPC Mega Station, Sokoto. 09035795104 & 07055769606
10AUGIE MFBSecretariat Road, AugieKebbiMuhammad & Co. 08033581237July 14 – 17, 2021Ditto
11Ringim Universal MFB                            Opposite Ringim Central Market, Ringim LGA Jigawa StateJigawaAbubakar G. Musa & Co. 08033477441July 14 – 17, 2021Ditto
12ROGO MFB           Rogo Town,KanoAmsalat Ltd. 08062924834July 14 – 17, 2021Kano Zonal Office, Plot 44/45, Muhammad Muhammad Avenue, Hotoro GRA, Kano 08173283539 & 08053283539
13TAKAI MFBAlong Kano-Birnin Kudu Road, Takai, Kano StateKanoAmsalat Ltd.  08062924834July 14 – 17, 2021Ditto
14Makoda MFB           7, Koguna Street, Koguna.KanoAbubakar G. Musa & Co.  08033477441July 14 – 17, 2021Ditto
15BAGWAI MFB Bagwai LGA, KanoKanoGarba Kibiya & Co. Kibiya 08025477321July 14 – 17, 2021Ditto
16AJINGI MFBNo. 10 Hakimi Street, Ajingi Town, Ajingi LGAKanoAbubakar G. Musa & Co. 08033477441July 14 – 17, 2021Ditto
17BEBEJI MFB10 Gidan Iyan, Bebeji Town, Bebeji LGA KanoKanoGarba Kibiya & Co. 08025477321July 14 – 17, 2021Ditto
18BIGTHANA MFB6 Ali Akilu Road, KadunaKadunaAmsalat Ltd.  08062924834July 14 – 17, 2021Ditto
19Garko MFBGarko Town, Kano StateKanoAbubakar G. Musa & Co. 08033477441July 14 – 17, 2021Ditto
20KIRFI MFB                      No 7, Market Street Cheledi, Kirfi LGA, Bauchi StateBauchiAlhaji Umaru Sanda Adamu. 08067349890July 14 – 17, 2021Bauchi Zonal Office, No 3, Abdulkadir Ahmed Road, Bauchi. 09020441972 & 09020441975
21Langtang MFB       No. 90, Solomon Lar Way, Langtang North LGAPlateauUmar Ibrahim Nig. Ents.  08035781209 & 08027676333July 14 – 17, 2021Ditto
22MOPA MFB         Silas Bamidele Daniyan House, Kabba-ilorin Road, Mopamuro LGAKogiJ. I. Ajileye & Co. 08033114150July 14 – 17, 2021BEU (ABUJA), Plot 447/448, Constitution Avenue, Central Business District, Abuja. 080063424357 & 08039187500
23WAPO MFB             Okene-Lokoja Road, Nagazi, Adavi LGAKogiJ. I. Ajileye & Co. 08033114150July 14 – 17, 2021Ditto
24Hedgeworth MFB     B06, Gouba Plaza, Plot 171, A.E. Ekukinam Street, Utako District, AbujaFCTMallam A. A. Raha & Son. 08067246413July 14 – 17, 2021Ditto
25ONIMA MFB          Nipost building, Achingali Road, Ekeoha Onitsha, Ezinhitte, Mbaise,ImoCentury Phonix Nig. Ltd.  08037799800July 14 – 17, 2021Enugu Zonal Office, No 10, Our Lords’ Street, Independence Layout, Enugu.  07059763471
26Home Trust MFB     76 Orlu-Road, Nkwere, Imo StateImoStan Okeahialam & Co. 08037960430 & 08034957598July 14 – 17, 2021Ditto
27Fufore MFB                 25, Gurin Road Fufore, Fufore L.G.A, Adamawa State. AdamawaBombilak Intergrated  08036152448 & 08036197741July 14 – 17, 2021Yola  Zonal Office, No.6, Numan Road, Jimeta – Yola 08089814004 & 08023202803


The Public Auction for the furniture, fixtures, fittings & equipment will take place from 14th to 16th July, 2021.


  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 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 Annex,
Mamman Kontagora House (9th Floor),
23A, Marina,

Tel No: 08023159275.
Lagos Office
June, 2021