A new missile of panic as been shot into the Nigeria financial institution, as the Central Bank of Nigeria (CBN) has withdrawn licenses of 42 microfinance banks across the country.
Brandnewsday reports that the operating licence of the affected small lenders was revoked by the CBN on Monday, the main regulator of the banking sector in the country.
Although the main reasons for the shutting down of these microfinance banks are yet to be ascertained.
As it stands, depositors, shareholders and the creditors of the financial institution closed by the CBN are in a panic mode because of the experiences of victims of other banks shut by the regulator.
However, the Nigeria Deposit Insurance Corporation (NDIC), which acts as the official liquidator of the banks whose licenses were recently cancelled, has promised the depositors, of the part payment of their money, if it is within the limit it can pay.
The agency, in a statement, disclosed that it was already “in the process of closing the listed banks and pay their insured depositors.”
Consequently, the liquidator of the banks has asked “all depositors of these banks [to] visit the closed banks’ addresses and meet NDIC officials for the verification of their claims, commencing from Monday, December 21, 2020, till Thursday, December 24, 2020.
The affected banks are listed below:
| S/N | BANK | ADDRESS |
| 1 | HEDGEWORTH MFB | GUOBA PLAZA SUITE B06, – 171, A.E. EKUKINAM STREET, BY CHISCO, UTAKO, ABUJA |
| 2 | FUTURE GROWTH MFB | REAL TOWER PLAZA, PLOT 1121 OBAFEMI AWOLOWO WAY, UTAKO, ABUJA |
| 3 | BAGWAI MFB | BAGWAI-SHANONO ROAD, BAGWAI LGA, KANO |
| 4 | ERE CITY MFB | ERE-IJESHA/IIIAHUN ROAD, ERE-IJESHA, ORIADE LGA, OSUN |
| 5 | CAFON MFB | GARKI POLICE BARRACKS, GARKII, FCT, ABUJA |
| 6 | AKCOFED MFB | EKIT ITAM II (BESIDE WATER BOARD), P. O. BOX 2048, UYO, AKWA-IBOM STATE |
| 7 | GUFAX MFB | N0. 3 UDOTUNG UBO STREET UYO, AKWA IBOM STATE |
| 8 | PARTNERSHIP MFB | 107 UPPER IWEKA ROAD, ONITSHA, ANAMBRA STATE |
| 9 | ICB MFB | IIIAH-ASABA ROAD, OSHIMILI NORTH LGA, IIIAH, DELTA STATE |
| 10 | ONIMA MFB | NIPOST BUILDING, EKEOCHA ONICHA, EZINIHITTE MBAISE LGA, IMO STATE |
| 11 | HOMETRUST (NATIONS) MFB | 76, ORLU ROAD, NKWERE, IMO STATE |
| 12 | RINGIM MFB | OPP. RINGIM CENTRAL MARKET, RINGIM, JIGAWA STATE |
| 13 | BIGTHANA MFB | 6, ALI AKILU ROAD, KADUNA |
| 14 | ROGO MFB | ROGO TOWN, ROGO LGA, KANO STATE |
| 15 | MAKODA MFB | NO 15, KOGUNA TOWN, MAKODA LGA, KANO |
| 16 | TAKAI MFB | TAKAI TOWN, TAKAI LGA, KANO STATE |
| 17 | BEBEJI MFB | NO. 10 GIDAN IYAN, BEBEJI TOWN, BEBEJI L.G.A., KANO STATE |
| 18 | AJINGI MFB | NO. 10 HAKIMI STREET, AJINGI TOWN, AJINGI LGA, KANO STATE |
| 19 | GARKO MFB | 3, GARKO TOWN, KANO |
| 20 | KANGIWA MFB | KANGIWA TOWN, KANGIWA LGA, KEBBI STATE |
| 21 | AUGIE MFB | AUGIE TOWN, AUGIE LGA, KEBBI STATE |
| 22 | MOPA MFB | SILAS BAMIDELE DANIYAN HOUSE, KABBA-ILORIN ROAD, MOPA, KOGI-STATE |
| 23 | SOLID BASE MFB | EKIRIN ADDE, IJUMU LGA, KOGI STATE |
| 24 | ULTIMATE BENEFIT MFB | 150C, OKENE KABBA ROAD, LOKOJA, KOGI |
| 25 | OVIDI MFB | NO. 1, ATTA ROAD, OKENE, KOGI STATE |
| 26 | KIRFI MFB | KIRFI TOWN, KIRFI LGA, BAUCHI |
| 27 | CREDIT EXPRESS MFB | 27, KAKAWA STREET, LAGOS |
| 28 | KING SOLOMON MFB | GOD BLESS NIGERIA HOUSE, 117/119, WESTERN AVENUE, IPONRI, LAGOS |
| 29 | RIGGS MFB | PLOT 5, IMAN ABIB ADETORO STREET, OFF AJOSE ADEOGUN STREET, V.I., LAGOS |
| 30 | BILLIONAIRE BLUE BRICKS MFB | APERIN HOUSE (2ND FLOOR) BLOCK I, PLOT 27, BUDO LAYOUT AJIWE, LEKKI EPE EXPRESSWAY, AJAH, LAGOS STATE |
| 31 | SUSU MFB | 34, COMMERCIAL AVENUE SABO, YABA, LAGOS |
| 32 | WEALTHSTREAM MFB | AQUARIUS BLOCK, ELEGANZA PLAZA, GROUND FLOOR, LEFT-WING 1 COMMERCIAL ROAD, APAPA, LAGOS |
| 33 | AGUDA TITUN MFB | 21, SHONOLA STREET, AGUDA TITUN, OGBA, LAGOS |
| 34 | SAPPHIRE MFB | 111, ABAK ROAD, UYO, AKWA IBOM STATE |
| 35 | METRO MFB | 15, OTUNUBI STREET, OFF HARUNA, OGBA, IKEJA, LAGOS |
| 36 | MOUNTAIN TOP MFB | PROGRESS BLOCK, SHOP A102, AFRICAN TYRE VILLAGE, OPP. APT TRADE FAIR COMPLEX, LAGOS/BADAGRY EXPRESSWAY, LAGOS |
| 37 | UNYOGBA MFB | 1, ALOMA ROAD, OPP. MKT. SQ., EJULE, OFU LGA, KOGI STATE |
| 38 | WAPO MFB | OKENE-LOKOJA ROAD, NAGAZI, ADAVI LGA, OKENE, KOGI STATE |
| 39 | IBOGUN MFB | IBOGUN EGBEDA, IFO LGA, OGUN STATE |
| 40 | KOREDE MFB | NO. 3, LUWOYE STREET, IGBOTAKO, ONDO STATE |
| 41 | AHETOU MFB | 26, EREMA ROAD, BYEPASS, AKABUKA, OGBA/EGBEMA/NDONI LGA, RIVERS STATE |
| 42 | FUFORE MFB | NO. 25 GURIN ROAD, FUFORE LGA, ADAMAWA, YOLA STATE |
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