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ASSET MANAGEMENT CORPORATION OF NIGERIA (AMCON)-

PROPERTIES FOR SALE BY SEALED BID AUCTION

ASSET MANAGEMENT CORPORATION OF NIGERIA (AMCON)
PROPERTIES FOR SALE

The Asset Management Corporation of Nigeria (AMCON) in fulfilment of its objectives and exercise of its statutory duty of efficiently resolving Eligible Bank Assets purchased from various eligible financial institutions in Nigeria, offers the following properties for sale to interested members of the public. Further details of the properties available for sale, can be found on the following website: www.amcon.com.ng

ELIGIBILITY TO PARTICIPATE:
To participate in the process, an interested party must meet the following criteria:
(i) Individual/Corporate entity must not be indebted to AMCON;
(ii) Directors of interested companies must not be indebted to AMCON; and
(iii) Individual must not be an AMCON employee, a relative of an AMCON employee or member of the Board of AMCON.

BIDDING PROCESS:
(i) A competitive bidding process has been adopted for the disposal of the properties.
(ii) Bid forms are available from the coordinating agent, Osy Kamalu & Associates: 09051331416, 08036274306. Alternatively, they can be downloaded from AMCON’s website www.amcon.com.ng under Asset Disposal – Assets for Sale or requested by emailing amcon.disposals@amcon.com.ng; osykamaluassociates@gmail.com or osykamaluagency@gmail.com
(iii) Bid forms must be submitted alongside 10% of the bid amount in Certified Bank Drafts payable to the Asset Management Corporation of Nigeria or evidence of the transfer of 10% of the bid sum to AMCON via the Remita platform, details of which are provided with the bid forms. Where bank drafts are provided, please note that if the deposit sum exceeds N10million multiple certified bank drafts must be provided.
(iv) The bid submission must be made in a sealed envelope with “Bid for Property” inscribed on the top left corner of the envelope.
(v) The Certified Bank Drafts and transferred funds of unsuccessful bidders will be refunded once the bidding process is concluded.
(vi) The successful bidder will be required to pay the 90% outstanding balance of the bid price within 15 calendar days of the bid submission deadline, failing which the 10% deposit becomes non-refundable and the property can be offered to other buyers.
(vii) Bids cannot be withdrawn or cancelled once submitted.

S/N PROPERTY ADDRESS LOCATION PROPERTY TYPE DESCRIPTION OF PROPERTY
1 Uncompleted filling station and office block along Lagos- Ibadan expressway Lagos Commercial The property is an uncompleted filling station along Lagos-Ibadan expressway. The development on the site consists of administrative block, petrol station, gate house and a generator house.
2 Plot 15 Road 1 Close 1, Federal Housing Estate, Woji Town Port Harcourt Rivers Residential The subject property is a residential on a percel of land located at road 1, close l, plot 15, federal housing estate Woji town, Obi/Akpor local government Area, Rivers State. The development on the site consists of ground floor with a sitting area, kitchen, guest room and upper floor with 4 nos. and 2 nos. balconies.
3 Block 8, Hall Lane Apapa GRA Lagos Lagos Residential The subject property is located at block 8 Hall lane, off Oduduwa street, Apapa GRA Lagos, which consist a block of 6 nos. 2 bedroom flat, with a generator house and a gate house.
4 6 Units of 3-bedroom flat and a gate house located along Okporo Road, Rumuodara Obi/Akpor Local Government Area, Rivers State. Rivers Residential The property is a rectangular in shape, and development on site comprises of 6 Bedroom Detached Duplex, domestic servant quarters, security house and Generator house.
5 7 Parcels within B Close, Arugo Garden Estate, Owerri, Imo State. Imo Bareland The subject property is underdeveloped plots of land located at arungo garden estate, Owerri Imo State.
6 House No 3, B Close, Arugo Gardens Estate, Owerri, Imo State. Imo Bareland The subject property is an underdeveloped plot of land located at arungo garden estate, Owerri Imo state.
7 House No 4, B Close, Arugo Gardens Estate, Owerri, Imo State. Imo Bareland The subject property is an underdeveloped plot of land located at arungo garden estate, Owerri Imo State.
8 House No 5, B Close, Arugo Gardens Estate, Owerri, Imo State. Imo Bareland The subject property is an underdeveloped plot of land located at arungo garden estate, Owerri Imo State.
9 House No 6, B Close, Arugo Gardens Estate, Owerri, Imo State. Imo Bareland The subject property is an underdeveloped plot of land located at arungo garden estate, Owerri Imo State.
10 House No 7, B Close, Arugo Gardens Estate, Owerri, Imo State. Imo Bareland The subject property is an underdeveloped plot of land located at arungo garden estate, Owerri Imo State.
11 House No 8, B Close, Arugo Gardens Estate, Owerri, Imo State. Imo Bareland The subject property is an underdeveloped plot of land located at arungo garden estate, Owerri Imo State.
12 22 Ojekunle Street Papa Ajao Street Mushin, Lagos Lagos Commercial The subject property which is known as Grace of God plaza is located at number 22 ojukunle street junction. The commercial plaza is on two floors with a pent floor and accommodation, with about 68 unit of lockup shops.
13 Ekwu-Apa Moto, Rumuodani- Elelenwo, Obio/ Akpor Local Government Area, Rivers State measuring 2,314.42 sqm Rivers Bareland The plot of the land is situated within a residential /commercial neighbourhood. The site is suitable for the development of residential apartments.
14 115 Pipeline Street Ikotun Lagos Lagos Commercial The development on the site is a warehouse with adjoined building and 3 nos. stores measuring 695.295sqm, the entire site is fenced round with sandcrete blockwall of about 3 meters. It also has a generator house, general toilet etc.
15 Wokson International Company Limited IHC Beaver Dredger 1600 Standard Cutter Delta The dredger is an IHC beaver 1600 dredger known and identified as DD1 4(flotsome 2). It has a length of 22.00m,a width of 8.00m and a depth of about 2.50m with a maximum standard dredge of about 14:00m

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