NDIC
NIGERIA DEPOSIT INSURANCE CORPORATION
PROTECTING YOUR BANK DEPOSITS
SALE OF CHATTELS OF DEFUNCT BANKS BY PUBLIC AUCTION AND PUBLIC COMPETITIVE BID.

The Nigeria Deposit Insurance Corporation (NDIC), in exercise of its right as Liquidator of failed banks, hereby invites interested members of the general public to buy the assets (furniture, fixtures, fittings, office equipment, generators, motor vehicles, plant and machinery, etc.) of the underlisted defunct banks by PUBLIC COMPETITIVE SEALED BIDDING/AUCTION.

AUCTION PROCESS
The Public Auction for the furniture, fixtures, fittings, equipment, plant and machinery, etc. (ASSETS) will take place from 03 to 04 November 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 a Certified Bank Draft in favour of the respective bank (In-Liquidation) and with an inscription “BID FOR ASSETS” on the top left-hand corner of the envelope. The bid must include the bidder’s name, address, and telephone number. The successful bidder must 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 will 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 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: 08062616662
Lagos Office
@NDICNigeria