ASSET MANAGEMENT CORPORATION OF NIGERIA’S (AMCON)-
REQUEST FOR BIDS FOR THE ACQUISITION OF COCOA FACTORY IN ILE-OLUJI ONDO STATE

COCOA FACTORY FOR IMMEDIATE SALE “AS IS”
REQUEST FOR BIDS FOR THE ACQUISITION OF COCOA FACTORY IN ILE-OLUJI ONDO STATE

1. BACKGROUND
Cocoa Factory Ile-Oluji is part of the Eligible Bank Assets (EBAs) under ASSET MANAGEMENT CORPORATION OF NIGERIA’S (AMCON) asset portfolio, acquired pursuant to AMCON’s statutory powers and mandate under the AMCON Act (As amended). The factory was acquired through a loan purchase and limited service agreement (‘LPLSA’) dated 2/11/2018 with which AMCON bought over Polaris bank Limited’s (PBL) loan rights and the assets charged, mortgaged, or pledged as security with respect to the unpaid debt of Cocoa Product Ile-Oluji Limited, owned to PBL. We are desirous of selling the factory “AS IS”.

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