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Sale of Chattels of Closed Primary Mortgage Banks by Public Auction and Public Competitive Bid.

NDIC 4 min read
Sale of Chattels of Closed Primary Mortgage Banks by Public Auction and Public Competitive Bid.

The Nigeria Deposit Insurance Corporation (NDIC), in exercise of its right as Liquidator of failed Primary Mortgage Banks (PMBs), 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 PMBs by PUBLIC COMPETITIVE SEALED BIDDING/AUCTION.

UNION HOMES SAVINGS & LOANS
(Auction Dates: 23/06/2026 – 25/06/2026)

Rivers State

  • 4 Godis Close, off Power Encounter Road, Ellowanhi, off East-West Road, Port-Harcourt

    • Auctioneer: Beautiful Feathers Global LTD

    • NDIC Contact: PORT HARCOURT ZONAL OFFICE, No. 104, Woji Road, off Olu Obasanjo Road, GRA, Port Harcourt — 08023202134

Delta State

  • Plot 146, Okpanam Road, Asaba

    • Auctioneer: Sheyi Oladeji (08121120547)

    • NDIC Contact: BENIN ZONAL OFFICE, No. 28A & B, Benoni Road, Off Airport Road, GRA, Benin City, Edo State — 08035727023

FCT, Abuja

  • Plot 1479, 12 Ago Oro Crescent, off Ahmadu Bello Way, Garki

    • Auctioneer: Arinze Nnochukwu & Associates (08033110393)

    • NDIC Contact: BEU (ABUJA), Plot 447/448, Constitution Avenue, Central Business District, Abuja — 08038218798

Kaduna State

  • V20 Ahmadu Bello Way, Zaria Road, Kaduna

    • Auctioneer: Abdulhad Logistics LTD (08033085931)

    • NDIC Contact: BEU (ABUJA), Plot 447/448, Constitution Avenue, Central Business District, Abuja — 08038218798

Kano State

  • 37, Niger/Murtala Mohammed Way, Kano (Chattels moved to NDIC Kano Office)

    • Auctioneer: Kunle Amao & Co (08060349049)

    • NDIC Contact: KANO ZONAL OFFICE, Plot 44/45, Muhammad Muhammad Avenue, Off Maiduguri Road, Hotoro, G.R.A., Kano — 07088877887

ASO SAVINGS & LOANS
(Auction Dates: 23/06/2026 – 25/06/2026)

FCT, Abuja

  • Corporate Head Office & Branch Office, Plot 266 FMBN Building, Central Area Abuja

    • Auctioneer: Abu Usman Consulting (08036101758)

    • NDIC Contact: BEU (ABUJA), Plot 447/448, Constitution Avenue, Central Business District, Abuja — 08038218798

  • Parking Lot, Opp. Federal Secretariat Building, Eagle Square, Abuja

    • Auctioneer: Arinze Unochuckwu & Associates (08033110398)

    • NDIC Contact: BEU (ABUJA), Plot 447/448, Constitution Avenue, Central Business District, Abuja — 08038218798

  • Three Arms Zone, National Assembly, Abuja

    • Auctioneer: Sina Adiatud & Co (08034044331)

    • NDIC Contact: BEU (ABUJA), Plot 447/448, Constitution Avenue, Central Business District, Abuja — 08038218798

  • Closing Bwari Branch (Bank's Archive), No. 1 Lafia Close Area 8 Garki

    • Auctioneer: Sina Adiatu & Co (08034044331)

    • NDIC Contact: BEU (ABUJA), Plot 447/448, Constitution Avenue, Central Business District, Abuja — 08038218798

Kaduna

  • 28 Imam House, Ahmadu Bello Way, Kaduna

    • Auctioneer: Abdulhad Logistics LTD (08033085931)

    • NDIC Contact: BEU (ABUJA), Plot 447/448, Constitution Avenue, Central Business District, Abuja — 08038218798

Lagos

  • No. 19 Oba Akran Way, Ikeja

    • Auctioneer: Kene Onuora Consulting

    • NDIC Contact: NDIC (ASSET MANAGEMENT DEPARTMENT) — Garba 08062616662, John 08029997846, Aliyu 08062657895

  • No. 18 Construction House, Adeyemo Alakija Street, Victoria Island

    • Auctioneer: Alao & Co (08062512654)

    • NDIC Contact: NDIC (ASSET MANAGEMENT DEPARTMENT) — Garba 08062616662, John 08029997846, Aliyu 08062657895

Ondo

  • Tisco House, Alagbaka, Akure

    • Auctioneer: Patron Auctioneers Nigeria LTD

    • NDIC Contact: NDIC (ASSET MANAGEMENT DEPARTMENT) — Garba 08062616662, John 08029997846, Aliyu 08062657895

Edo

  • No. 38 Sapele Road, Benin City

    • Auctioneer: Kene Onuora Consulting

    • NDIC Contact: BENIN ZONAL OFFICE, No. 28A & B, Benoni Road, Off Airport Road, GRA, Benin City, Edo State — 08035727023

Rivers

  • No. 2 Chona Street D/Line, Port Harcourt

    • Auctioneer: Mamud Momodu & Associates (09034161701)

    • NDIC Contact: PORT HARCOURT ZONAL OFFICE, No. 104, Woji Road, off Olu Obasanjo Road, GRA, Port Harcourt, Rivers State — 08023202134

AUCTION PROCESS

The Public Auction for the furniture, fixtures, fittings & equipment, etc (ASSETS) will take place from 23rd to 25th June, 2026.

 

CONDITIONS FOR BIDDING FOR THE ASSETS

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 primary mortgage banks (In-Liquidation) and with an inscription “BID FOR ASSETS,” 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) Financial Institutions will be given preference.

3)The 10% draft for the unsuccessful bidders would be returned immediately.

4)Bids should be submitted to the Auctioneers or NDIC Contact persons within the stated period.

5)Submitted bids shall be opened before the bidders at the various locations.

6)All Assets are sold as “as is” and “net of all taxes”.

7)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 (9th Floor),

23A, Marina,

Lagos.

Tel No: 08035925533

Lagos Office

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