The Nigeria Deposit Insurance Corporation (NDIC), in exercise of its right as Liquidator of failed Microfinance banks (MFBs), hereby invites interested members of the general public to buy the assets (landed property) of the under listed defunct MFBs through competitive SEALED BIDDING:

1ABATETE MFBAnambraAbatete-Ogidi Road, Idemili North LGABungalow08033275721                    & 08066584479
2GUDDIRI MFBBauchiNo. 40, Old Kano Road, Azare Bauchi StateBungalow08034526727
3GARU MFBBauchiNO.5, Illelah Street, off Emir RoadOne Storey Building08023804014 & 08059050504
   4ALOAYE MFBEdoNo. 31, Mission Road, Agenebode, Etsako East LGA, Edo StateBungalow08188277949 & 08037438529
5AMURO MFBKogiNo. 79, Federal Road, Okokere, AmuroMopamuro, LGA2No. undeveloped plots of land08083114150
6TRANSWEALTH MFBEkitiPalmsprings Garden Estate, Iworoko Road, Ado-Ekiti3No undeveloped Plots of Land08037147736 & 08039137123
7MBA MFB          OyoOjo-Aro Village near Olorunda, Ibadan, Oyo State.An undeveloped Plot of Land07046055202
8KABBA MFB        KogiNo. 9, Market Road, KabbaBungalow08083114150
9SADAU MFB      BauchiNo. 3, KofarFada, Itas LGC, Bauchi State4 Bedroom Bungalow, Gate/Security House and fenced round with solid gate08065744744
10ORAEZU MFBAnambraShop Nos: D12/5 & D12/6 Main Market Idemili North LGA2NO shops08033223277
11BAKASI MFBCross River8th Miles, Calabar, Cross River StateBungalow08023159344
12UNITED MFBDeltaNo 2, Udumota Quarters, Ekpan Effurun, Warri, Delta StateBungalow 0803772870208023201421
13AFATAMODI -OGUOLA MFBOgunOdemo Road, Sabo Area, Oke Bola, Isara, Remo LGA Ogun StateBungalow07046055202012711051
14AYETE MFBOyoAyete MFB, Ayete, Ibarapa North LGA, Oyo StateBungalow08035777438 & 08023071614
15GBOKO MFBBenueTomator Market by L.G.E.A Primary School, AkrenIpav Road, Gboko South, Benue StateBungalow08065696000
16OMU MFBOgunErebe Community Land Omu-Ijebu, Ogun State6 NO undeveloped Plots of Land07046055202012711051
17KPACHARKA MFBNigerAgwara  Bungalow08034524199
18KPACHARKA MFBGuttanti Central Market Agwara2. Plot of Land (12ft X 15ft)08034524199
19LAVUNKPAN MFBNigerBida-Mokwa Highway, Kutigi Town Lavun LGABungalow08034524199

Condition Of Sale

  • The properties are being sold on “as is” basis.
  • Prospective buyers are required to contact the Corporation’s Agents/Representatives through the phone lines provided for further enquiries
  • 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 LANDED PROPERTY,” on the top left hand corner of the envelope. The bid should contain the name, address and telephone numbers of the bidder.
  • The 10% draft for the unsuccessful bidders would be returned immediately, while the deposit becomes part-payment for the winner.SUBMISSION OF BIDSBids should be submitted to the office of The Director, Asset Management Department, Nigeria Deposit Insurance Corporation, Lagos Office Annex, NECOM House (25th Floor), 15 Marina, Lagos on or before 4.00pm on Monday, 14th October, 2019.OPENING OF BIDSSubmitted bids shall be opened in the presence of all bidders on Tuesday 15th October, 2019 by 12 noon prompt SIGNED:Nigeria Deposit Insurance Corporation, Lagos Office Annex,15 Marina, Lagos.

NECOM House (25th Floor),
Director, Asset Management Department in the office of The Director, Asset Management Department, Nigeria Deposit Insurance Corporation, as stated above.