Invitation to Bid for Property Sale at the Asset Management Corporation of Nigeria (AMCON)

Posted by Future on Fri 23rd Jul, 2021 - nigeriantenders.com

The Asset Management Corporation of Nigeria (AMCON) invites competent real estate merchant and interested members of the public to submit tender bids documents for the following works:

Asset Management Corporation of Nigeria (AMCON) was established on the 19th July 2010, when the President of the Federal Republic of Nigeria signed the AMCON Act into Law.

AMCON was created to be a key stabilizing and re-vitalizing tool aimed at reviving the financial system by efficiently resolving the non-performing loan assets of the banks in the Nigerian economy.

Applications are invited for:

Title: Invitation to Bid for Property Sale

Preamble
The Asset Management Corporation of Nigeria (AMCON) in fulfillment 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 property for sale to interested members of the public.

Scope of Works

S/N	Property Address	Description	Location	Property Type
1	No 39, Delta Crescent off Ikpokpan Road, G.R.A, Benin City	Detached duplex, a gate house and generator house within a medium density mixed used neighbourhood	Edo	Residential
2	Plot 114,GRASUB - Division Extension, Benin City in Oredo Government Area, Edo State	Detached duplex, a gate house and generator house within a a medium density mixed used neighbourhood	Edo	Residential
3	Property located at Edjeba Road,off NPA Road, Hexagon Petro Services Limited Warri.	Purpose built commercial development consisting of Jar service center,slotting bay and gate house	Delta	Commercial
4	Plot 1161 Central Area Abuja	Ultra modern shopping mall exclusive of the six storey building in the premises. The Mall is built to accommodate shops, offices space and entertainment section.	Abuja	Mall

Further details of the property available for sale.Please Click Here

Eligibility Requirements/Criteria

To participate in the process, an interested party must meet the following criteria:

Individual / Corporate entity must not be indebted to AMCON
Directors of interested companies must not be indebted to AMCON: and
Individual must not be an AMCON employee, a relative of an AMCON employee or member of the Board of AMCON.

Bidding Process

A competitive bidding process has been adopted for the disposal of the properties.
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 or osykamaluassociates@gmail.com and osykamaluagency@gmail.com
Bid forms must be submitted alongside 10% of the bid amount in Certitied 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.
The bid submission must be made in a sealed envelope with "Bid for Property" inscribed on the top left corner of the envelope.
The Certified Bank Drafts and transferred funds of unsuccessful bidders will be refunded once the bidding process is concluded.
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,
Bids cannot be withdrawn or cancelled once submitted.

Opening of Bids

All bidders and / or their representatives are welcome to be present at the bid opening. The highest bid for each property will emerge the winner subject to the highest bid being equal to or above the reserve price. Results will be announced immediately after the conduct of the exercise.
In the event of a tied bid at the bid opening or where none of the bids match or exceed the reserve price, bidders will be required to submit fresh bids at the bid opening. The outcome of the fresh bid submissions will be announced at the bid opening.
Conclusion of sale of some properties, due to size, may further be subject to higher authority approval.

Application Opening Date (Lagos)

1:00pm Friday, 6th August, 2021.

Application Opening Date (Abuja)

11:00am Monday, 9th August,2021.

Application Closing Date (Lagos)

12:00 noon Friday, 6th August, 2021.

Application Closing Date (Abuja)

10:00am Monday,9th August, 2021.

Submission of Bids (Lagos)

Bids for properties located in Edo, Delta must be sealed and submitted in the designated bid box at the following address:

Asset Management Corporation of Nigeria (AMCON)

67, Marina Street,

Lagos Island,

Lagos State.

Submission of Bids (Abuja)

Bids for properties located in Abuja must be sealed and submitted in the designated bid box at the following address:

Asset Management Corporation of Nigeria (AMCON)

Plot 4l7, Tigris Crescent,

Off Aguiyi Ironsi Road,

Maitama,

(FCT) Abuja.

Property Inspection

All interested bidders are invited to contact the Coordinating Agent, Osy Kamalu & Associates: 09051331416, 08036274306 for guided inspections of the properties and enquiries. The properties will be sold on an "as is" basis.

For further information and clarification please visit our website www.arncon.com.ng or email AMCON at: amcon.disposals@amcon.com.ng.