SALE OF ASSETS OF CLOSED MICRO FINANCE BANKS BY PUBLIC AUCTION AND PUBLIC COMPETITIVE BID
The Nigeria Deposit Insurance Corporation (NDIC), in exercise of its right as Liquidator of failed Micro finance banks (MFBs), 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 MFBs by PUBLIC COMPETITIVE BIDDING/AUCTION and sealed Bids for Motor Vehicles and Generators:
NDIC MICROFINANCE BANK AUCTIONS - FEBRUARY 2026
(Auction Dates: 24/02/2026 – 27/02/2026)
ABUJA
FCT Microfinance Bank, Center For Arts and Culture Area 10, Garki
Auctioneer: Oko Oroma Ventures Ltd (07032682583)
NDIC Contact: BEU (ABUJA), Plot 447/448, Constitution Avenue, Central Business District, Abuja — 08038218798
AKWA IBOM
Active Point Microfinance Bank, 150, Oron Road, Uyo
Auctioneer: Obot Akpan & Co (08023252472)
NDIC Contact: PORT HARCOURT ZONAL OFFICE, No. 104, Woji Road, off Olu Obasanjo Road, GRA, Port Harcourt, Rivers State — 08023202134
ANAMBRA
Aguleri Microfinance Bank, 16, Irenso Street, Amaeze, Aguleri
Auctioneer: Chief J.C.I Ogbuagu & Co (08033368554)
NDIC Contact: ENUGU ZONAL OFFICE, No 10, Our Lords' Street, Independence Layout, Enugu — 08035769858
Dominion Microfinance Bank, Eke Ihembosi, Ekwusigo LGA
Auctioneer: Nonye Ezeagu & Associates (08068405002)
NDIC Contact: ENUGU ZONAL OFFICE, No 10, Our Lords' Street, Independence Layout, Enugu — 08035769858
Utuh Microfinance Bank, Oye Market Square, Utuh, Nnewi South LGA
Auctioneer: Victoria Chidi Akim & Associates (08068910670)
NDIC Contact: ENUGU ZONAL OFFICE, No 10, Our Lords' Street, Independence Layout, Enugu — 08035769858
CROSS RIVER
Calabar Microfinance Bank, 72 Egerton Street, Calabar
Auctioneer: Okonuga Nig. Ltd (08028512633 & 08161399124)
NDIC Contact: PORT HARCOURT ZONAL OFFICE, No. 104, Woji Road, off Olu Obasanjo Road, GRA, Port Harcourt, Rivers State — 08023202134
DELTA
IC-Global Microfinance Bank, 312, Effurun/Sapele Road, Effurun-Warri
Auctioneer: Humphrey Igberase & Co (08064455503)
NDIC Contact: BENIN ZONAL OFFICE, No. 28A & B, Benoni Road, Off Airport Road, GRA, Benin City, Edo State — 08035727023
Iyede Microfinance Bank, Town Hall Square, Otor-Iyede, Isoko North LGA
Auctioneer: Joe Eziashi & Co (08037204627)
NDIC Contact: BENIN ZONAL OFFICE, No. 28A & B, Benoni Road, Off Airport Road, GRA, Benin City, Edo State — 08035727023
EDO
Smartmicrofinance Bank, 164, Sapele Road, Benin City
Auctioneer: Silva Alele & Associates (08037438529)
NDIC Contact: BENIN ZONAL OFFICE, No. 28A & B, Benoni Road, Off Airport Road, GRA, Benin City, Edo State — 08035727023
ENUGU
Ifeanyichukwu Microfinance Bank, 78, Old Okigwe Road, NA Quarters, Agwu
Auctioneer: Mechetex International Ltd (08033486551)
NDIC Contact: ENUGU ZONAL OFFICE, No 10, Our Lords' Street, Independence Layout, Enugu — 08035769858
IMO
Ogbe-Ahiara Microfinance Bank, Onugot-Hse, Afor Ogbe Market, Ogbe Ahiara, Ahiazu Mbaise
Auctioneer: Stan Okeahialam & Co (08037960430)
NDIC Contact: ENUGU ZONAL OFFICE, No 10, Our Lords' Street, Independence Layout, Enugu — 08035769858
KOGI
Akwengwu Microfinance Bank, Idanuha Quarters, Behind Old Police Station, Ogaminana, Okenne
Auctioneer: J. I. Ajileye & Co (08033114150)
NDIC Contact: BEU (ABUJA), Plot 447/448, Constitution Avenue, Central Business District, Abuja — 08038218798
Kogi Microfinance Bank, Adankolo Area, Opposite Kogi Transmission Station, Okene-Kaba Road, Lokoja
Auctioneer: Ekundayo Ayodele & Partners (08033770713)
NDIC Contact: BEU (ABUJA), Plot 447/448, Constitution Avenue, Central Business District, Abuja — 08038218798
LAGOS
Resort Savings & Loans, 12, Boyle Street, Onikan, Lagos
Auctioneer: Olasunkanmi Enterprises (08023038692)
NDIC Contact: NDIC (ASSET MANAGEMENT DEPARTMENT) — Garba 08062616662, John 08029997846, Aliyu 08062657895
NIGER
Bibajinre Microfinance Bank, Bida-Abuja Road, Badeggi, Kacha Local Govt
Auctioneer: M. B. Nuhu & Company (08037250279)
NDIC Contact: BEU (ABUJA), Plot 447/448, Constitution Avenue, Central Business District, Abuja — 08038218798
OSUN
KJL Microfinance Bank, Amazing Grace Plaza, Alekuwodo, Okefia, Osogbo
Auctioneer: Rapheal Omotola & Co (08061691998)
NDIC Contact: NDIC (ASSET MANAGEMENT DEPARTMENT) — Garba 08062616662, John 08029997846, Aliyu 08062657895
OYO
Ifesowapo Microfinance Bank, Saki Road, Idi-Emi, Sepeteri East LGA
Auctioneer: Seun Adeyemi & Co (08033599944)
NDIC Contact: NDIC (ASSET MANAGEMENT DEPARTMENT) — Garba 08062616662, John 08029997846, Aliyu 08062657895
PLATEAU
Fadama Farmers Microfinance Bank, C/O Plateau Agricultural Devt. Project, Fadama, 111 Project Office, Dogon Dutse, Jos
Auctioneer: Phil Nwachukwu & Associates (08034521261 & 08037021106)
NDIC Contact: BAUCHI ZONAL OFFICE, No 3, Abdulkadir Ahmed Road, Bauchi — 08034664736
RIVERS
Cosmopolitan Microfinance Bank, Charis Plaza, 141, Olu Obasanjo Road, Port-Harcourt
Auctioneer: MN&M Consult (08064669704)
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 will take place from 24th to 27th February, 2026.
CONDITIONS FOR BIDDING FOR THE GENERATORS AND MOTOR VEHICLES
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 microfinance banks (In-Liquidation) and with an inscription “BID FOR GEN SET/MOTOR VEHICLE,” 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)The 10% draft for the unsuccessful bidders would be returned immediately.
3)Bids should be submitted to the Auctioneers or NDIC Contact persons within the stated period.
4)Submitted bids shall be opened before the bidders at the various locations.
5)All Assets are sold as “as is” and “net of all taxes”.
6)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: 08062616662
Lagos Office