SALE OF ASSETS OF CLOSED MICRO FINANCE BANKS BY PUBLIC AUCTION AND PUBLIC COMPETITIVE BID

$F:\ndic logo.png$

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:

S/NO	BANK	BANK ADDRESS	STATE	APPOINTED AUCTIONERS	DATE OF AUCTION	NDIC CONTACT PERSON
1	AKWENGWU MICROFINANCE BANK	IDANUHA QUARTERS, BEHIND OLD POLICE STATION, OGAMINANA, OKENNE	KOGI	J. I. Ajileye & Co. 08033114150	24/02/26 – 27/02/26	BEU (ABUJA), Plot 447/448, Constitution Avenue, Central Business District, Abuja. 08038218798
2	BIBAJINRE MICROFINANCE BANK	BIDA-ABUJA ROAD, BADEGGI, KACHA LOCAL GOVT	NIGER	M. B. Nuhu & Company. 08037250279	24/02/26 – 27/02/26	Ditto
3	FCT MICROFINANCE BANK	CENTER FOR ARTS AND CULTURE AREA 10, GARKI	ABUJA	Oko Oroma Ventures Ltd. 07032682583	24/02/26 – 27/02/26	Ditto
4	KOGI MICROFINANCE BANK	ADANKOLO AREA. OPPOSITE KOGI TRANSMISSION STATION, OKENE-KABA ROAD, LOKOJA	KOGI	Ekundayo Ayodele & Partners. 08033770713	24/02/26 – 27/02/26	Ditto
5	FADAMA FARMERS MICROFINANCE BANK	C/O PLATEAU AGRICULTURAL DEVT. PROJECT, FADAMA, 111, PROJECT OFFICE, DOGON DUTSE, JOS	PLATEAU	Phil Nwachukwu & Associates. 08034521261 & 08037021106	24/02/26 – 27/02/26	BAUCHI ZONAL OFFICE, No 3, Abdulkadir Ahmed Road, Bauchi. 08034664736
6	AGULERI MICROFINANCE BANK	16, IRENSO STREET, AMAEZE, AGULERI	ANAMBRA	Chief J.C.I Ogbuagu & Co 08033368554	24/02/26 – 27/02/26	ENUGU ZONAL OFFICE, No 10, Our Lords’ Street, Independence Layout, Enugu. 08035769858
7	DOMINION MICROFINANCE BANK	EKE IHEMBOSI EKWUSIGO LGA	ANAMBRA	Nonye Ezeagu & Associates. 08068405002	24/02/26 – 27/02/26	Ditto
8	IFEANYICHUKWU MICROFINANCE BANK	78, OLD OKIGWE ROAD, NA QUARTERS, AGWU	ENUGU	Mechetex International Ltd. 08033486551	24/02/26 – 27/02/26	Ditto
9	OGBE-AHIARA MICROFINANCE BANK	ONUGOT-HSE, AFOR OGBE MARKET, OGBE AHIARA, AHIAZU MBAISE	IMO	Stan Okeahialam & Co, 08037960430	24/02/26 – 27/02/26	Ditto
10	UTUH MICROFINANCE BANK	OYE MARKET SQUARE, UTUH, NNEWI SOUTH LGA	ANAMBRA	Victoria Chidi Akim & Associates. 08068910670	24/02/26 – 27/02/26	Ditto
11	ACTIVE POINT MICROFINANCE BANK	150, ORON ROAD UYO	AKWA IBOM	Obot Akpan & Co. 08023252472	24/02/26 – 27/02/26	PORT HARCOURT ZONAL OFFICE. No. 104, Woji Road, off Olu Obasanjo Road, GRA, Port Harcourt, Rivers State. 08023202134
12	CALABAR MICROFINANCE BANK	72 EGERTON STREET CALABAR	CROSS RIVER	Okonuga Nig. Ltd. 08028512633 & 08161399124	24/02/26 – 27/02/26	Ditto
13	COSMOPOLITAN MICROFINANCE BANK	(CHARIS PLAZA) 141, OLU OBASANJO ROAD, PORT-HARCOURT	RIVERS	MN&M Consult. 08064669704	24/02/26 – 27/02/26	Ditto
14	IC-GLOBAL MICROFINANCE BANK	312, EFFURUN/SAPELE ROAD, EFFURUN-WARRI	DELTA	Humphrey Igberase & Co. 08064455503	24/02/26 – 27/02/26	BENIN ZONAL OFFICE No. 28A & B, Benoni Road, Off Airport Road, GRA, Benin City, Edo State. 08035727023
15	IYEDE MICROFINANCE BANK	TOWN HALL SQUARE, OTOR-IYEDE , ISOKO NORTH LGA	DELTA	Joe Eziashi & Co. 08037204627	24/02/26 – 27/02/26	Ditto
16	SMARTMICROFINANCE BANK	164, SAPELE ROAD, BENIN CITY	EDO	Silva Alele & Associates. 08037438529	24/02/26 – 27/02/26	Ditto
17	IFESOWAPO MICROFINANCE BANK	SAKI ROAD, IDI-EMI, SEPETERI EAST LGA	OYO	Seun Adeyemi & Co. 08033599944	24/02/26 – 27/02/26	NDIC (ASSET MANAGEMENT DEPARTMENT) Garba, 08062616662. John, 08029997846. Aliyu, 08062657895
18	KJL MICROFINANCE BANK	AMAZING GRACE PLAZA, ALEKUWODO, OKEFIA, OSOGBO	OSUN	Rapheal Omotola & Co. 08061691998	24/02/26 – 27/02/26	Ditto
19	RESORT SAVINGS & LOANS	12, BOYLE STREET, ONIKAN LAGOS	LAGOS	Olasunkanmi Enterprises 08023038692	24/02/26 – 27/02/26	Ditto

AUCTION PROCESS

The Public Auction for the furniture, fixtures, fittings & equipment will take place from 24^th to 27^th February, 2026.

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 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 (9^th Floor),

23A, Marina,

Lagos.

Tel No: 08062616662

Lagos Office

$C:\Users\ijaha\Desktop\Social Media Logos.png$

February 11, 2026

HON. MINISTER OF FINANCE’S KEYNOTE SPEECH AT IADI-ARC WORKSHOP & ANNUAL MEETING 2026

July 22, 2026

MD/CE NDIC’S WELCOME REMARK AT IADI-ARC WORKSHOP & ANNUAL MEETING 2026

July 21, 2026

NDIC TO HOST 2026 IADI – AFRICA REGIONAL COMMITTEE ANNUAL MEETING AND WORKSHOP IN ABUJA

July 17, 2026

UPDATE ON THE REVOCATION OF THE OPERATING LICENSES OF 46 MICROFINANCE BANKS BY THE CENTRAL BANK OF NIGERIA

July 9, 2026

SALE OF ASSETS OF CLOSED MICRO FINANCE BANKS BY PUBLIC AUCTION AND PUBLIC COMPETITIVE BID

Head Office

Lagos Office

More Info

Related Websites

© Nigeria Deposit Insurance Corporation, 2026 | Privacy Policy