NDIC Set To Dispose Assets Of Closed Eight Micro Finance Banks By Public Auction, Competitive Bid

The Nigeria Deposit Insurance Corporation (NDIC) has thrown up for sale the assets of closed eight micro finance banks by public auction and public competitive bid.

The Corporation explained that it was in exercise of its right as Liquidator of failed Micro finance banks (MFBs) and invites interested members of the general public to buy the assets.

In a notice to the effect, extracted from the NDIC website: www. ndic.gov.ng , the corporation listed the assets for sale as follows:
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.

The affected micro finance banks are:
Alkaleri Microfinance Bank Limited,
Apeks Microfinance Bank Limited, North Capital Microfinance Bank Limited, Ogoja Microfinance Bank Limited, Otukpo Microfinance Bank Limited, Prudential Co-Operative Microfinance Bank Limited, Suisse Microfinance Bank Limited, and Vibrant Microfinance Bank Limited

In a related development, NDIC also notified the public that as the official Liquidator of Ultimate Benefit Microfinance Bank which licence was revoked in November 2020, it has concluded arrangement to pay insured sum to depositors.

It called on all eligible depositors to visit the address which were uploaded on its website  from Monday, 19th to Friday, 23rd February, 2024.

Also, it urged eligible depositors  to also contact the representatives of Director, Claims Resolution Department in any of the listed NDIC Zonal Offices in its website to file their claims, or seek assistance or clarification.