Contact Office Address Details:
AMRC
78/79 OAU Boulevard
Banjul,
The Gambia
West Africa
Telephone number:
(220) 4228651
4202592
4228080
4222448
Fax: 4226071
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Information:
The
Assets Management and Recovery Corporation (AMRC) deal in Gambian land
sale tenders for re-possessed plots, houses, commercial buildings and
other assets on behalf of the Government.
These take the form of development and commercial loans, Managed Fund
Portfolios, forfeited real estate and financing via the Gambia
Cooperative Union.
• Said properties are offered for under the Statutory
Power of Sale vested in aforementioned body by the mortgage deeds duty
registered and / or the AMRC Act 1992.
• Persons desiring to tender for properties should contact the
Managing Director for inspection to be arranged.
•
Each tender must be enclosed in its own separate envelope,
securely sealed and marked on the outside with the
property or properties of your choice.
• Potential
buyers are advised to give a contact address (with street
names and numbers) and a daytime telephone number.
•
The corporation reserves the right to reject any bid it
considers unsuitable.
Financial Highlights:
Source:- 2008 Budget Speech:-
For the year ended 31st December, 2006, the Corporation generated a
total income of D18.5million, compared to D24.5m in 2005. The net loss
for
2006 is D0.5m, compared to a net profit of D14.8 million for 2005.
However, the AMRC Management is determined to generate and improve
revenue generation, and also embark on the planned programme of
procurement of goods and services for Government and the general
public.
For the period up to end September 30, 2007, the Corporation realised
revenues of D11.06m, compared to a budgeted sum of D16.56m recording a
revenue shortfall of D4.94 million. The overall performance for 2007
is promising, and the Management has resolved that the cooperation
will remain relevant in national development.
Since its
founding the corporation has generated D280 million and other assets
for the Gambia Government. This is according to Mousa Gibril Bala Gaye, SOS
for Finance and Economic Affairs - April, 2008 statement.
Disclaimer
Please note that your should
contact the AMRC of Gambia before making any decisions
regarding buying land or other property as
the above instructions are subject to change without
notice, incomplete or out-of-date.
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