The Nigeria Deposit Insurance Corporation (NDIC), in exercise of its statutory duty as liquidator of failed banks, hereby invites interested members of the public to buy the interest of the defunct City Express Bank PLC (In Liquidation) in the property stated below through Public Competitive Bidding:
|Atlantic Beach Resort, Southern Abijo GRA, Ibeju-Lekki, Lagos||40 Hectares of Undeveloped Land (approximately).||Certificate of Occupancy|
All interested bidders are invited to contact the people listed below for guided inspection of the property and further enquiries.
1. Tunde Jimoh – 08033308747; 08026267700
2. Kelvin Ojedibie – 07061288441; 08052466587
- Bids together with 10% of the bid price should be submitted in a sealed envelope with the inscription on the top left hand corner of the envelop “BID FOR PROPERTY OF CITY EXPRESS BANK PLC (IN LIQUIDATION) AT IBEJU LEKKI”.
- Bidders should obtain the Account details for the payment of the 10% deposit from the Contacts or Director, Asset Management Department.
- The bid should indicate the bid amount, name, address and telephone numbers of the bidder.
- The successful bidder will be required to pay the balance of the bid price within 30 days of notification of Management’s approval of the sale, failing which the deposit will be forfeited;
- Withdrawal of bid by the successful bidder after bid opening will also attract a forfeiture of the deposit;
- Unsuccessful bidders will get a refund of their deposits only.
- The property is sold “as is” and “net” and if the sale cannot be concluded due to circumstances beyond the control of the Liquidator, deposit only would be refunded to the successful bidder.
SUBMISSION OF BIDS
Bids should be submitted to the Office of The Director, Asset Management Department, Nigeria Deposit Insurance Corporation, 25th Floor, NECOM House, 15 Marina Lagos on or before 4:00 p.m. on Monday, 20th February, 2017
OPENING OF BIDS
Submitted bids shall be opened in the presence of all bidders on Tuesday, 21st February, 2017 by 12 noon prompt in the Office of The Director, Asset Management Department, Nigeria Deposit Insurance Corporation, 25th Floor, NECOM House, 15 Marina, Lagos
The Director, Asset Management Department,
Nigeria Deposit Insurance Corporation,
NECOM House (25th Floor,),
15 Marina, Lagos.