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 under listed defunct Banks in the properties listed below by Public Competitive Bidding:

1Allied Bank of Nigeria  Plc.Plot A350 New Karu Layout NassarawaNasarawa StateUndeveloped plot of land measuring 610sqmCertificate of Occupancy08059262079 & 08033607176
2Allstates Trust Bank Plc.Plot 105, No. 25,Dan Suleiman Crescent,Utako Distrist, AbujaFCTA bungalowCertificate of Occupancy
3Allstates Trust Bank Plc.3 Junction Rd, Kaduna,Kaduna StateA purpose built banking hall.Deed of Assignment 08034521160, 08032366970 & 08069648922
4Saminaka MFBNo. 5, Rd B, jumare Ward, GRA , Saminaka Town, Zaria Kaduna StatePlot of land of about 1,350smSales agreement
5Allied Bank of Nigeria  Plc.Plot A347 New Karu Layout NasarawaNasarawa StateUndeveloped plot of land measuring 325sqmCertificate of Occupancy07038388521 & 08054548589
6Allied Bank of Nigeria  Plc.Plot A348 New Karu Layout NassarawaNasarawa StateUndeveloped plot of land measuring 446sqmCertificate of Occupancy
7Hallmark BankOhaji Oil Mill, Umukene, Umuogo, Ohaji, Imo StateImo StatePalm Oil mill with 1560.25mMortgage Debenture08033281058 & 08052777980
8Etiti MFBIsinweke in Ihite/Uboma LGAImo StateParcel of LandCertificate of Occupancy
9Allstates Trust Bank Plc.IT Village & Training Complex, Igwuruta,Port HarcourtRivers StateA well-built training centre standing on two floors and (ground and  lecture lodge on ground and first floorsDeed of Assignment08033425803 & 08033425805
10Allstates Trust Bank Plc.Mgbodo Village, Aluu, PortharcoartRivers StateUndeveloped Parcel of LandDeed of Assignment
11Allstates Trust Bank Plc.17 Ahmadu Bello Way, JosPlateau StateA purpose built banking hall.Deed of Assignment08034521261 & 08037021106
12Kerena MFBkwata zawan Jos South LGA, Jos,Plateau StateThe Plot measuring 1,800sm fencedSales Agreement
13City Express BankIlaro, Ogun StateOgun State30-room 2 Storey BuildingDeed of Conveyance08051846515 & 08065533861
14Ifonyin MFBIdiroko Road, Agengule, Ilase.Ogun StatePurpose Built banking premisesDeed of Grant
15City Express BankNo 40, Alhaj Amuse Street, papa Ajao Mushn, Lagos State.Lagos State.2 storey buildingCertificate of Occupancy 08052692922
16Intergrated MFBAleshinloye, Oyo StateOyo StateOne Storey Building for banking purpose 
17Assurance BankNo.13/14 Bichi District, Admin. Area KM 44 Katsina Rd, Kano.Kano StatePurpose Built banking premises (Bungalow) situate at the business hub of the townCertificate of Occupancy08054445136 & 08065744744
18Allied Bank of Nigeria  Plc.Along Funtua Birinin Gwari Motor Highway, Kuyello, KadunaKaduna StateA purpose built storey bank buildingCertificate of Occupancy08035533524 
19Allied Bank of Nigeria  Plc.Plot A349 New Karu Layout NassarawaNasarawa StateUndeveloped plot of land measuring 325sqmCertificate of Occupancy08033372110 & 08039302703
20Allstates Trust Bank Plc.35 Enerhen Road,Warri, Delta StateDelta StateA purpose built banking premises Deed of Assignment. 08023200502 & 08133258908
21Allstates Trust Bank Plc.43 Lebanon Rd, Ibadan, Oyo StateOyo StateA purpose built banking hall. Deed of Assignment.08094855853 & 08023168680
22Allstates Trust Bank Plc.2 Ilo Edo Na Ezemewi Road, NnewiAnambra StateUndeveloped plot of land Deed of Assignment08083142284
23Umunze MFBNkwo Market, Orumba South LGA, AnambraAnambra State13 No Blocks of storesRight of Occupancy08033097742
24TRI-STAR MFB9th Mile, Obolo-Afor , Old Road, Beside Afor Main Market, Eha-Alumuna, Nsuka, L.G.A., Enugu StateEnugu StatePurpose Built banking premisesDeed of Customary Grant08033683833 & 08032658001
25Hilltop MFBAjero’s Palace, along Market Road, Ijero-Ekiti, Ekiti StateEkiti StateBanking Hall, Office Complex and a residential bungalow Deed of Assignment08092847697 & 08038981964
26Bekwara MFBOgoja – Katsina Ala Road, Abochiche, BekwaraLGA, Cross River StateCross River StateAbungalow build for banking purposeDeed of Assignment08023159344 & 08098103228
27Idah MFBNo. 60 Ayegba Oma-Idoko Way, Idah, Kogi StateKogi StatePurpose Built banking premises 08035906096 & 08099350325


All interested bidders should liaise with the respective contacts stated in the schedule above for guided inspection of the properties and further enquiries.


  •  Bids together with 10% of the bid amount in Certified Bank Draft/Cheque should be submitted in a sealed envelope with “BID FOR LANDED PROPERTY inscribed on the top left corner of the envelope.
  •  Bidders may obtain the bank account details for the payment of the 10% deposit from the respective NDIC offices, where necessary.
  •  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 attract a forfeiture of the deposit;
  •  Unsuccessful bidders will get a refund of their deposits.
  •  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.


Bids should be submitted to the office of The Director, Asset Management Depart, Nigeria Deposit Insurance Corporation, 25th Floor, NECOM House, 15 Marina Lagos or through any of the contacts on or before 1:00 p.m. on Tuesday, 2nd May, 2017.

Submitted bids shall be opened in the presence of all bidders on Wednesday, 3rd May, 2017 by 1 p.m. prompt at the Conference Room, 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.