The Receiver has announced the sale of Landed Properties, Chattels and used Vehicles of the 347 Microfinance companies and 23 Savings & Loans and Finance House companies under receivership.

This announcement came in a press release that reminded readers that “A key component of the Receiver’s mandate is to secure all assets of the resolved companies and maximise their realisations for the benefit of creditors.”

The Document dated 9th July 2020, read “Accordingly, the Receiver wishes to inform the general public that he is requesting for firm bids from potential buyers to acquire some Landed Properties and Motor Vehicles of the resolved companies for his evaluation.”

In tackling restrictions caused by the ongoing spread of the Corona virus, the receiver directed all interested bidders to visit to view pictures of the available for sale Landed Properties and Motor Vehicles.

The press release further stated that all interested bidders are to submit their bids in a signed and dated formal letter, scanned and attached in an email addressed to , clearly indicating the item(s) of asset(s) they are interested in and the bid amount for each asset.

The press release also clarified the modalities of this exercise and urged interested bidders to do so before the 31st July deadline.