Headlines

Full List Of 42 Microfinance Banks CBN Revokes Their Licenses

A new missile of panic as been shot into the Nigeria financial institution, as the Central Bank of Nigeria (CBN) has withdrawn licenses of 42 microfinance banks across the country.

Brandnewsday reports that the operating licence of the affected small lenders was revoked by the CBN on Monday, the main regulator of the banking sector in the country.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.

Full List Of 42 Microfinance Banks CBN Revokes Their License

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 (2^ND 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

Facebook Comments

Adebayo

Adebayo is a Content Developer and website manager who loves to learn, unlearn and relearn. He has a knack for exploring the tech world. He is always thirsty to learn as the tech ecosystem evolves every day.