The Asset Management Corporation of Nigeria (AMCON) has made available several properties for sale across key locations, including Lagos, Abuja, Oyo, Plateau, and Rivers states. This move is part of AMCON’s ongoing efforts to manage and resolve non-performing assets acquired from financial institutions.
An advertorial published on Monday in ThisDay Newspaper detailed the properties being offered to the public, which range from commercial office complexes to residential buildings and warehouses.
The agency stated that these properties will be sold through a competitive bidding process, with bids due by July 11. AMCON assured that the schedule for bid openings will be announced in due course, and more information is available on their official website.
This sales initiative follows the federal government’s recent reconstitution of AMCON’s board aimed at improving the management and value recovery of non-performing assets.
See full list below:
1. Warehouse and Office Block in Ibadan, Oyo State
Located at Km 9, Old Lagos Road, Podo (Plot 1, 2 & 3 Road 1 Zone 2), Mogbojubola Layout, Opere Industrial Village, this property includes a warehouse, office block, security block/gate house, external toilet block, and a generator block. The site covers approximately 12,802.83 square meters.
2. Office Complex in Gbagada, Lagos
Situated at 3 Sawyer Crescent near Corona School, this rectangular property comprises a two-floor office complex, a generator house, and a gatehouse. Though classified as residential, it can be used as office or school space with the proper permits. The land measures about 1,343.10 square meters.
3. Former Hotel Sumiram and Green Restaurant in Jos, Plateau State
Located on Secretariat Link Road, the site features a main block with six rooms, two servant rooms, kitchen, canteen, and reception area. Additional developments include a rear block with 10 rooms, karaoke bar, poolside, garden, powerhouse, and gatehouse. The land area is 2,567.74 square meters.
4. Five-Story Commercial Development at Silverbird Mall, Abuja
Located in the Central Area, Cadastral Zone, this commercial building has a gross lettable area of 15,650.10 square meters. The property was among assets taken over by AMCON in 2016, linked to a debt claim of N11 billion against Silverbird Group.
5. Warehouse and Office Block on Aba Road, Port Harcourt, Rivers State
This property is beside Isaac Boro Park flyover at No. 2, Aba Road. It includes a warehouse and office block situated on 2,529.63 square meters of land.
6. Six Units of Three-Bedroom Flats in Rumuodara, Rivers State
At 216 Okporo Road, Obi Akpor LGA, this property consists of six three-bedroom flats and a gatehouse on 613.19 square meters of land.
7. Residential Complex at Sani Abacha 7 Link Road, GRA Phase 3, Port Harcourt
The site includes two five-bedroom detached duplexes, two wings of four-bedroom semi-detached buildings, a gatehouse, and a powerhouse on 2,360.32 square meters of land.
8. Five-Bedroom Semi-Detached House in Rumuogba, Port Harcourt
Located at 4 Nda Street, off Eliada Layout (Cocaine Estate), this fenced property has a two-floor five-bedroom semi-detached structure, a two-bedroom domestic servant quarter, security house, and generator house on 691.87 square meters.
9. Two Bays of Warehouses at Port Harcourt/Aba Expressway
The property at Km 2 Port Harcourt/Aba Expressway includes two warehouse bays and a security gatehouse, all fenced with sandcrete block walls and secured by a double-leaf metal gate. The land measures 7,607.99 square meters.
10. Seven-Bedroom Detached House at C and C Estate, Port Harcourt
Located at Plot 8, off R.D Road, off Okporo Road, this fenced two-floor building includes servants’ quarters, security house, and generator house on 811.12 square meters of land.
