Tenders Are Invited For Disposal Of Landed Properties And Other Physical Assets Of Defunct Primary Mortgage Banks

Tenders are invited for Public Auction Disposal of Landed Properties and Other Physical Assets of Defunct Primary Mortgage Banks 1. The scope of disposal will be for the bidding of landed properties belonging to Aso Savings & Loans and Union Homes Savings & Loans (In-Liquidation) across the country. Buyers who wish to participate shall follow laid down guidelines which is aimed at transparency, fair competition, accountability, equity and timeliness in line with the tenets of corporate governance principles to enable recovery of commensurate financial returns from the auction exercise for the payment of liquidation dividends to uninsured depositors and creditors accordingly. 2. The exercise is the disposal of three (3) Landed Properties belonging to the defunct Aso Savings & Loans and Union Homes Savings & Loans across the country. The disposal exercise would be transparent to all interested bidders. 3. Landed properties in the affected location as listed are to be disposed therein. The property will be sold as is and net of all taxes. 4. The bidding exercise shall be open and competitive to all bidders and shall take place at the Mamman Kontagora House, 23A Marina, Lagos. 5. Where the property is being occupied, the sitting tenant would be given preference of first refusal before other bidders can be considered. 6. All interested bidders should submit their sealed bids together with 10% bid security in Bank Draft at the NDIC Lagos Office, Asset Management Department, (9th Floor), Mamman Kontagora House, 23A, Marina, Lagos. Failure to attach the 10% Bank Draft for bid security will render such submitted bids Null and Void. Please note that any winning bidders who failed to pay the balance of 90% within two (2) weeks shall forfeit the deposited 10% bid security sum. 7. All financial bids should be dropped in the bid box provided for this purpose on the 9th floor, Mamman Kontagora House, Marina Lagos on or before Thursday, 2nd July, 2026 by 10 am prompt while the bid opening shall be by 11 am prompt. 8. All interested bidders and general public are invited to the bid opening session at the designated location. Find below the detailed locations of the Landed Properties. S/N: 1. BANK NAME: ASO SAVINGS & LOANS STATE: Abuja DESCRPRIPTION: Fully Detached 1-Story Building and a boys Quarters including Chattels LOCATION: No 9, Ogbomosho Street, Area 8, Garki, Abuja. S/N: 2. BANK NAME: ASO SAVINGS & LOANS STATE: Abuja DESCRPRIPTION: A Fully Detached Bungalow LOCATION: Plot No. 341B Kuje Action Layout, Kuje Area Council, Abuja. S/N: 3. BANK NAME: UNION HOMES SAVINGS & LOANS STATE: Oyo DESCRPRIPTION: Fully Detached 1-Story Building and a boys Quarters including Chattels LOCATION: 32 New Court Road, Old Gbagi Market, Ibadan North-West LGA, Dugbe, Ibadan For further enquiries, please contact: Director, Asset Management Department, Nigeria Deposit Insurance Corporation, Lagos Office, Mamman Kotangora House (9th Floor), 23A, Marina, Lagos. Tel No: 08035925533 Lagos Office Tender Link : https://etenders.com.ng/nigeria-deposit-insurance-corporation-public-auction-disposal-of-landed-properties-and-other-physical-assets-of-defunct-primary-mortgage-banks/