NIGERIA DEPOSIT INSURANCE CORPORATION
PLOT 447/448 CONSTITUTION AVENUE, CENTRAL BUSINESS DISTRICT, ABUja
E-mail: info@ndic.gov.ng, Website: www.ndic.gov.ng

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.

S/N	BANK NAME	ADDRESS	STATE	APPOINTED AUCTIONEER	DATE OF AUCTION	NDIC CONTACT PERSON
1	UNION HOMES SAVINGS & LOANS	4 Godis close, off Power Encounter Road, Ellowanhi, off East-West Road, Port-Harcourt.	Rivers State	Beautiful Feathers Global LTD	23/06/2026 – 25/06/2026	PORT HARCOURT ZONAL OFFICE. No. 104, Woji Road, off Olu Obasanjo Road, GRA, Port Harcourt, Rivers State. 08023202134
2	UNION HOMES SAVINGS & LOANS	Plot 146, Okpanam Road, Asaba.	Delta State	Sheyi Oladeji 08121120547	23/06/2026 – 25/06/2026	BENIN ZONAL OFFICE No. 28A & B, Benoni Road, Off Airport Road, GRA, Benin City, Edo State. 08035727023
3	UNION HOMES SAVINGS & LOANS	Plot 1479, 12 Ago Oro Crescent, off Ahmadu Bello Way, Garki.	FCT, Abuja	Arinze Nnochukwu & Associates 08033110393	23/06/2026 – 25/06/2026	BEU (ABUJA), Plot 447/448, Constitution Avenue, Central Business District, Abuja. 08038218798
4	UNION HOMES SAVINGS & LOANS	V20 Ahmadu Bello Way, Zaria Road, Kaduna	Kaduna State	Abdulhad Logistics LTD 08033085931	23/06/2026 – 25/06/2026	BEU (ABUJA), Plot 447/448, Constitution Avenue, Central Business District, Abuja. 08038218798
5	UNION HOMES SAVINGS & LOANS	37, Niger/Murtala Mohammed Way, Kano. NB: Chattels were moved to NDIC Kano Office	Kano State	Kunle Amao & Co 08060349049	23/06/2026 – 25/06/2026	KANO ZONAL OFFICE Plot 44/45, Muhammad Muhammad Avenue, Off Maiduguri Road, Hotoro, G.R.A., Kano Phone No 07088877887
6	ASO SAVINGS & LOANS	Corporate Head Office & Branch Office Plot 266 FMBN Building, Central Area Abuja	FCT, Abuja	Abu Usman Consulting 08036101758	23/06/2026 – 25/06/2026	BEU (ABUJA), Plot 447/448, Constitution Avenue, Central Business District, Abuja. 08038218798
7	ASO SAVINGS & LOANS	Parking Lot, Opp. Federal Secretariat Building, Eagle Square, Abuja	FCT, Abuja	Arinze Unochuckwu & Associates 08033110398	23/06/2026 – 25/06/2026	BEU (ABUJA), Plot 447/448, Constitution Avenue, Central Business District, Abuja. 08038218798
8	ASO SAVINGS & LOANS	Three Arms Zone, National Assembly, Abuja	FCT, Abuja	Sina Adiatud & Co 08034044331	23/06/2026 – 25/06/2026	BEU (ABUJA), Plot 447/448, Constitution Avenue, Central Business District, Abuja. 08038218798
9	ASO SAVINGS & LOANS	28 Imam House, Ahmadu Bello Way, Kaduna	Kaduna	Abdulhad Logistics LTD 08033085931	23/06/2026 – 25/06/2026	BEU (ABUJA), Plot 447/448, Constitution Avenue, Central Business District, Abuja. 08038218798
10	ASO SAVINGS & LOANS	No.19 Oba Akran Way, Ikeja	Lagos	Kene Onuora Consulting	23/06/2026 – 25/06/2026	NDIC (ASSET MANAGEMENT DEPARTMENT) Garba, 08062616662. John, 08029997846. Aliyu, 08062657895
11	ASO SAVINGS & LOANS	No. 18 Construction House, Adeyemo Alakija Street, VI Lagos	Lagos	Alao & Co 08062512654	23/06/2026 – 25/06/2026	NDIC (ASSET MANAGEMENT DEPARTMENT) Garba, 08062616662. John, 08029997846. Aliyu, 08062657895
12	ASO SAVINGS & LOANS	Tisco House, Alagbaka, Akure	Ondo	Patron Auctioneers Nigeria LTD	23/06/2026 – 25/06/2026	NDIC (ASSET MANAGEMENT DEPARTMENT) Garba, 08062616662. John, 08029997846. Aliyu, 08062657895
13	ASO SAVINGS & LOANS	No. 38 Sapele Road, Benin City	Edo	Kene Onuora Consulting	23/06/2026 – 25/06/2026	BENIN ZONAL OFFICE No. 28A & B, Benoni Road, Off Airport Road, GRA, Benin City, Edo State. 08035727023
14	ASO SAVINGS & LOANS	No. 2 Chona Street D/Line Port Harcourt	Rivers	Mamud Momodu & Associates 09034161701	23/06/2026 – 25/06/2026	PORT HARCOURT ZONAL OFFICE. No. 104, Woji Road, off Olu Obasanjo Road, GRA, Port Harcourt, Rivers State. 08023202134
15	ASO SAVINGS & LOANS	Closing Bwari Branch (Bank’s Archive) No. 1 Lafia Close Area 8 Garki	FCT, Abuja	Sina Adiatu & Co 08034044331	23/06/2026 – 25/06/2026	BEU (ABUJA), Plot 447/448, Constitution Avenue, Central Business District, Abuja. 08038218798

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

@NDICNigeria