Bids for auction sale of long-abandoned 17-storey stock exchange building in Port Harcourt opened


Four companies show interest

By Codratus Godson

The long-abandoned 17-storey stock exchange building under construction in Port Harcourt which was acquired by the Rivers State government few weeks back has been put up for auction sale and bids have been received and opened already.

The Rivers State Ministry of Housing Tenders Board on Friday, April 3, 2020, publicly opened  the bids at the imposing Obi Wali auditorium on Ada George Road for the sale of the uncompleted building.

Four organisations submitted bids for the building situate at plot B, (Plot B Orogbum Layout ) in what the government called a transparent bidding process. .

The companies include Techno Metal Construction Nigeria Limited, Scenter Escencia Limited, Techno Construction Limited, and Estate 2000 Consolidated Limited which offered to buy off the building.

The Rivers State government had acquired the building from the Nigerian Stock Exchange (NSE) and publicly placed it for sale through newspaper advertisements.

In an interview, Housing Commissioner, Chinedu Tasie Nwobueze, described the process as transparent.  He said civil society, professional groups and the media witnessed the opening of bids.

He said: “Everything was transparent.  Advertisements were published in major dailies six weeks ago. All the four companies that submitted bids witnessed the bid opening process.  Also present were members of the civil society, professional groups and the media.”

He said the ministerial tenders’ board would put their records together and make recommendations, which would be forwarded to the Rivers State Executive Council for consideration and approval.

Permanent Secretary of Ministry of Housing and Chairman of Ministerial Tenders Board, Felix Odungweru, commended the adopted in selling the building. He said: “What the Rivers State Governor has done is to acquire and then to sell to whoever is willing to complete the building in line with the original concept of 1717-Storey building.

“We have fulfilled the requirement of advertisement and now we have formally opened the bid before the bidders and other stakeholders. All those who submitted bids fulfilled the criteria set out in the advertisement in three different national newspapers. ”