UPDATED: CBN revokes licences of 132 Microfinance banks, others (Full List)

CBN revokes licences of 132 Microfinance banks, others

The Central Bank of Nigeria has revoked the operating licences of 132 microfinance banks, four primary mortgage banks, and three finance companies in the country.

The revocation exercise was disclosed in the official gazette of the Federal Government published on the website of the CBN on Tuesday.

According to the gazette, the licences of the financial institutions were revoked because they ceased to carry on in Nigeria, the type of business for which their licences were issued for a continuous period of six months.

They were also alleged to have “failed to fulfil or comply with the conditions subject to which their licences were granted; or failed to comply with the obligations imposed upon them by the Central Bank of Nigeria in accordance with the provisions of Banks and Other Financial Institutions Act (BOFIA) 2020, Act No. 5.”

The four primary mortgage banks whose licences were revoked are Resort Savings & Loans, Safetrust Mortgage Bank, Adamawa Savings & Loans and Kogi Savings & Loans.

The finance companies whose licences were revoked include HHL Invest & Trust Limited, TFS Finance Limited and Treasures & Trust Limited.

Meanwhile, some of the microfinance banks listed include Bluewhales Microfinance Bank, Igangan Microfinance Bank, Mainsail Microfinance Bank, Everest Microfinance Bank, Merit Microfinance Bank, Musharaka Microfinance Bank, Nopov Microfinance Bank, among others.

The gazette showed that the CBN Governor, Godwin Emefiele, revoked the licences in the exercise of the powers conferred on the Central Bank of Nigeria under Section 12 of BOFIA 2020, Act No. 5.

See the full list of Microfinance Banks whose licences have been revoked below:

S/N Names of Institution

1. Atlas Microfinance Bank

2. Blue whales Microfinance Bank

3. Everest Microfinance Bank

4. Igangan Microfinance Bank

5. Mainsail Microfinance Bank

6. Merit Microfinance Bank

7. Minna Microfinance Bank

8. Musharaka Microfinance Bank

9. Nopov Microfinance Bank

10. Ohon Microfinance Bank

11. Premium Microfinance Bank

12. Royal Microfinance Bank

13. Statesman Microfinance Bank

14. Suisse Microfinance Bank

15. Vibrant Microfinance Bank

16. Virtue Microfinance Bank

17. Zamare Microfinance Bank

18. North Capital Microfinance Bank

19. Chidera Microfinance Bank

20. Excellent Microfinance Bank

21. Ni’ima Microfinance Bank

22. Cosmopolitan Microfinance Bank

23. Progressive link Microfinance Bank

24. TrustOne (Formerly Desmonarchy)

25. Ekuombe Microfinance Bank

26. First Index Microfinance Bank

27. Ola Microfinance Bank

28. Uli Microfinance Bank

29. Verdant Microfinance Bank

30. Aguleri Microfinance Bank

31. Apeks Microfinance Bank

32. Fahimta Microfinance Bank

33. Manni Microfinance Bank Limited

34. Reality Microfinance Bank Limited

35. Surbpolitan Microfinance Bank Limited

36. Onyx Microfinance Bank Limited

37. Osina Microfinance Bank Limited

38. Olofin-Owena Microfinance Bank Limited

39. Zikado Microfinance Bank Limited

40. Prudential Co-operative Microfinance Bank Limited

41. Peniel Microfinance Bank Limited

42. Taraba Microfinance Bank Limited

43. Brass Microfinance Bank Limited

44. Michika Microfinance Bank Limited

45. Ndiagu Microfinance Bank Limited

46. Northbridge Microfinance Bank Limited

47. FCT Microfinance Bank Limited

48. Omu-Aran Microfinance Bank Limited

49. Cherish Microfinance Bank Limited

50. BIPC Microfinance Bank Limited

51. Danels Global Microfinance Bank Limited

52. Bankcorp Microfinance Bank Limited

53. Manna Microfinance Bank Limited

54. Moneywise Microfinance Bank Limited

55. Mercury Microfinance Bank Limited

56. New age Microfinance Bank Limited

57. Pearl Microfinance Bank Limited

58. Zawadi Microfinance Bank Limited

59. Seed Capital Microfinance Bank Limited

60. Eduek Microfinance Bank Limited

61. Eksu Microfinance Bank Limited

62. Dakingari Microfinance Bank Limited

63. Ogoja Microfinance Bank Limited

64. Nwabosi Microfinance Bank Limited

65. Nuture Microfinance Bank Limited

66. Active Point Microfinance Bank Limited

B 464

67. Amoye Microfinance Bank Limited

68. Boluwaduro Microfinance Bank Limited

69. Iyede Microfinance Bank Limited

70. Mayfair Microfinance Bank Limited

71. Calabar Microfinance Bank Limited

72. Ighomo Microfinance Bank Limited

73. Hackman Microfinance Bank Limited

74. Idese Microfinance Bank Limited

75. Bridgeway Microfinance Bank Limited

76. Grassroot Microfinance Bank Limited

77. Sure life Microfinance Bank Limited

78. Tijarah Microfinance Bank Limited

79. IC-Global Microfinance Bank Limited

80. Ejiamatu Microfinance Bank Limited

81. Briyth Covenant Microfinance Bank Limited

82. Nanka Microfinance Bank Limited

83. Cub Microfinance Bank Limited

84. BFL Microfinance Bank Limited

85. Umunne Microfinance Bank Limited

86. Oroke Microfinance Bank Limited

87. Alkaleri Microfinance Bank Limited

88. Crowned Eagle Microfinance Bank Limited

89. UNIFA Microfinance Bank Limited

90. Dadinkowa Microfinance Bank Limited

91. Ifesowapo Microfinance Bank Limited

92. OAF Microfinance Bank Limited

93. Bama Microfinance Bank Limited

94. Ngala Microfinance Bank Limited

95. Iwoama Microfinance Bank Limited

96. Kada Microfinance Bank Limited

97. Keffi Microfinance Bank Limited

98. Nut-Endwell Microfinance Bank Limited

99. First Multipurpose Microfinance Bank Limited

100. SBDC Microfinance Bank Limited

101. Oros Capital Microfinance Bank Limited

102. Ozizza Microfinance Bank Limited

103. Primera Credit Microfinance Bank Limited

104. Ifeanyichukwu Microfinance Bank Limited

105. Ihioma Microfinance Bank Limited

106. Josad Microfinance Bank Limited

107. Akpo Microfinance Bank Limited

108. Aiyepe Microfinance Bank Limited

109. ABC Microfinance Bank Limited

110. Star Microfinance Bank Limited

111. Purple Money Microfinance Bank Limited

112. Utuh Microfinance Bank Limited

113. Stallion Microfinance Bank Limited

114. KJL Microfinance Bank Limited

115. Credit Afrique Microfinance Bank Limited

116. Cowries Microfinance Bank Limited

117. Lawebod Microfinance Bank Limited

118. Mabinas Microfinance Bank Limited

119. Business Support Microfinance Bank Limited

120. Ogbe-Ahiara Microfinance Bank Limited

121. Olofin Microfinance Bank Limited

122. Obosi Microfinance Bank Limited

123. Fiyinfolu Microfinance Bank Limited

124. Bishopgate Microfinance Bank Limited

125. Awka Microfinance Bank Limited

B 465

B 466

126. Zigate Microfinance Bank Limited

127. Esan Microfinance Bank Limited

Also Read: Nigeria’s inflation increases to 22.22 per cent

128. Enugu-Ukwu Microfinance Bank Limited

129. Echo Microfinance Bank Limited

130. Ally Microfinance Bank Limited

131. Network Microfinance Bank Limited

132. Awgbu Microfinance Bank Limited

100 COMMENTS

  1. С каждым днем мир финансовых услуг становится все более доступным и удобным. Сервис mikro-zaim-online.ru является вашим надежным партнером в мире финансов, предлагая [url=https://mikro-zaim-online.ru/bez-otkaza/]займ без отказа[/url]. Это ваш шанс получить необходимые средства быстро и без лишних хлопот. Забудьте о долгих ожиданиях и бесконечных проверках; ваше финансовое благополучие теперь в нескольких кликах от вас. Воспользуйтесь уникальной возможностью улучшить свое материальное положение с минимальными усилиями.

  2. Друзья, недавно я столкнулся с ситуацией, которая заставила меня задуматься о важности доступности медицинской помощи. В семье у нас возникла необходимость приобрести дорогостоящие медицинские препараты для лечения близкого человека, но финансовые возможности были ограничены. В такие моменты портал zaim-fin.ru становится вашим верным спутником! Здесь я обнаружил не только ряд МФО, готовых предоставить займы даже людям с плохой кредитной историей, но и получил ценные советы о том, как правильно оформить заявку на микрокредит и какие требования у МФО к заемщику. Благодаря этому ресурсу, мы смогли обеспечить нашего близкого человека всем необходимым для его выздоровления. Не забывайте, что здоровье – это самое ценное, и портал zaim-fin.ru готов помочь вам в трудные моменты!

  3. It is actually a great and helpful piece of info. I?¦m glad that you just shared this useful info with us. Please keep us informed like this. Thank you for sharing.

  4. When I originally commented I clicked the -Notify me when new comments are added- checkbox and now each time a comment is added I get four emails with the same comment. Is there any way you can remove me from that service? Thanks!

  5. F*ckin’ remarkable issues here. I am very glad to look your article. Thanks a lot and i’m having a look forward to touch you. Will you please drop me a e-mail?

  6. Java Burn is the world’s first and only 100 safe and proprietary formula designed to boost the speed and efficiency of your metabolism by mixing with the natural ingredients in coffee.

  7. Провести соут Москва safetysystemsgroup.com

    Фирма Safety Systems осуществляет специальную оценку условий труда на любом предприятии. Наш главный офис находится в Москве, но также в большинстве городов России у нас есть филиалы. СОУТ проводится в обязательном порядке для всех компаний, чтобы снабдить безопасность для работников и убавить шансы на получение штрафов.

    По поводу [url=https://safetysystemsgroup.com/sout3/]оценка условий труда москва[/url] заходите на наш веб портал. Оценочные события должны осуществляться в организациях не менее, чем раз в пять лет. Но еще у отдельных отраслей есть личные сроки. Обязательно ознакомьтесь с тем, что необходимо именно Вам на сайте safetysystemsgroup.com прямо сейчас.

    Позвоните по контактному телефону +7(499)348-89-79 или оформите возвратный звонок. Наши специалисты ответят на любые Ваши вопросы и смогут записать вас на специальную оценку. Лимит времени, в которые осуществляется соут зависят от некоторых факторов: сфера деятельности, количества работников и наличии свободных мест. Узнайте Ваш срок по указанному номеру телефона.

    Оценка выполняется в некоторое количество этапов, начиная с образования комиссии по проведению. Далее подготавливается и обговаривается приказ о проведении соут, с которым должны быть знакомы все члены комиссии и председатель. Разрабатывается график событий в необходимой последовательности, сроки их организации и оформления договора с нашей фирмой. Мы safetysystemsgroup.com в представленной сфере работаем уже много лет и с удовольствием беремся за оценку любой сложности в самые сжатые сроки. Следом начинаются оценочные мероприятия в соответствии со всеми требованиями ФЗ-426. Предоставляется гарантия в 5 лет, а также подробный отчет о выполненной работе.

    От нас [url=https://safetysystemsgroup.com/sout3/]соут специальная оценка условий труда организации[/url] – от Вас звонок в нашу фирму. Находимся по адресу: 105264, г. Москва, ул. Верхняя Первомайская, д. 47, к. 11, оф. 516. У нас личная аккредитованная лаборатория, которая поможет Вам сэкономить до 80 % от полной цены. Звоните, приходите и заказывайте соут.

  8. There are actually plenty of details like that to take into consideration. That could be a great level to deliver up. I provide the thoughts above as basic inspiration however clearly there are questions like the one you bring up the place crucial factor might be working in trustworthy good faith. I don?t know if best practices have emerged round issues like that, but I’m positive that your job is clearly recognized as a fair game. Both girls and boys really feel the impact of only a second’s pleasure, for the remainder of their lives.

  9. Throughout the grand scheme of things you receive an A+ for effort and hard work. Exactly where you lost me personally ended up being in the details. You know, it is said, the devil is in the details… And it could not be more correct in this article. Having said that, allow me say to you just what exactly did work. The article (parts of it) is actually highly powerful and that is probably the reason why I am taking the effort in order to opine. I do not make it a regular habit of doing that. 2nd, whilst I can easily notice a jumps in reason you make, I am not sure of how you appear to connect your ideas that make your conclusion. For the moment I will, no doubt subscribe to your issue however hope in the near future you connect the facts better.

  10. Youre so cool! I dont suppose Ive read something like this before. So nice to search out someone with some original thoughts on this subject. realy thank you for beginning this up. this website is something that’s wanted on the web, somebody with somewhat originality. useful job for bringing one thing new to the internet!

  11. Hi there! This is kind of off topic but I need some guidance from an established blog. Is it hard to set up your own blog? I’m not very techincal but I can figure things out pretty fast. I’m thinking about creating my own but I’m not sure where to begin. Do you have any ideas or suggestions? Cheers

  12. Does your site have a contact page? I’m having a tough time locating it but, I’d like to shoot you an e-mail. I’ve got some creative ideas for your blog you might be interested in hearing. Either way, great website and I look forward to seeing it grow over time.

  13. I do consider all of the ideas you have introduced in your post. They’re really convincing and can definitely work. Nonetheless, the posts are very quick for starters. Could you please prolong them a little from next time? Thanks for the post.

  14. Hiya, I’m really glad I’ve found this information. Nowadays bloggers publish only about gossips and web and this is really irritating. A good web site with interesting content, that is what I need. Thank you for keeping this web site, I’ll be visiting it. Do you do newsletters? Cant find it.

  15. What Is FitSpresso? The effective weight management formula FitSpresso is designed to inherently support weight loss. It is made using a synergistic blend of ingredients chosen especially for their metabolism-boosting and fat-burning features.

  16. What Is LeanBiome? LeanBiome is a natural weight loss supplement that reverses bacterial imbalance in your gut microbiome with the help of nine science-backed lean bacteria species with Greenselect Phytosome, a caffeine-free green tea extract crafted with patented phytosome technology.

  17. Great work! That is the type of information that are supposed to be shared around the internet. Shame on the seek engines for not positioning this publish higher! Come on over and discuss with my site . Thanks =)

  18. Thank you for the sensible critique. Me and my neighbor were just preparing to do a little research on this. We got a grab a book from our local library but I think I learned more from this post. I’m very glad to see such wonderful info being shared freely out there.

  19. After study a few of the blog posts on your website now, and I truly like your way of blogging. I bookmarked it to my bookmark website list and will be checking back soon. Pls check out my web site as well and let me know what you think.

  20. Woah! I’m really loving the template/theme of this site. It’s simple, yet effective. A lot of times it’s very difficult to get that “perfect balance” between user friendliness and appearance. I must say you have done a great job with this. Also, the blog loads extremely quick for me on Internet explorer. Excellent Blog!

  21. I used to be very happy to seek out this net-site.I wanted to thanks for your time for this wonderful read!! I definitely having fun with each little little bit of it and I’ve you bookmarked to check out new stuff you weblog post.

  22. Along with the whole thing that appears to be building throughout this area, many of your perspectives happen to be relatively refreshing. On the other hand, I appologize, but I can not give credence to your entire strategy, all be it refreshing none the less. It appears to me that your remarks are actually not completely justified and in fact you are generally yourself not fully confident of your assertion. In any case I did take pleasure in reading it.

  23. I have read a few good stuff here. Certainly worth bookmarking for revisiting. I surprise how much effort you put to create such a fantastic informative web site.

  24. I will right away clutch your rss as I can’t to find your email subscription hyperlink or e-newsletter service. Do you have any? Kindly allow me understand so that I may subscribe. Thanks.

  25. Admiring the hard work you put into your site and detailed information you offer. It’s nice to come across a blog every once in a while that isn’t the same unwanted rehashed material. Wonderful read! I’ve saved your site and I’m adding your RSS feeds to my Google account.

  26. I like what you guys are up also. Such smart work and reporting! Keep up the superb works guys I have incorporated you guys to my blogroll. I think it will improve the value of my website :).

  27. Greetings from California! I’m bored at work so I decided to check out your site on my iphone during lunch break. I enjoy the info you present here and can’t wait to take a look when I get home. I’m amazed at how fast your blog loaded on my phone .. I’m not even using WIFI, just 3G .. Anyways, fantastic blog!

  28. Whats up this is kinda of off topic but I was wondering if blogs use WYSIWYG editors or if you have to manually code with HTML. I’m starting a blog soon but have no coding know-how so I wanted to get guidance from someone with experience. Any help would be enormously appreciated!

  29. Great – I should definitely pronounce, impressed with your web site. I had no trouble navigating through all tabs as well as related information ended up being truly simple to do to access. I recently found what I hoped for before you know it at all. Quite unusual. Is likely to appreciate it for those who add forums or anything, website theme . a tones way for your client to communicate. Nice task..

  30. I intended to post you the bit of observation to help give thanks over again over the lovely views you have shared in this article. This has been simply seriously generous of people like you to present unreservedly what exactly a number of people would have marketed as an e-book to help make some profit for their own end, most notably considering that you might well have done it if you wanted. The ideas also worked to be the good way to understand that some people have the identical fervor the same as my own to figure out lots more related to this matter. I believe there are numerous more enjoyable moments in the future for folks who scan through your blog post.

  31. Youre so cool! I dont suppose Ive learn something like this before. So good to seek out any individual with some authentic ideas on this subject. realy thanks for starting this up. this web site is one thing that is wanted on the net, someone with slightly originality. useful job for bringing something new to the web!

  32. [url=https://mega-go.com]MEGA[/url] – это ваш гарантированный способ совершать анонимные покупки с комфортом! Нудный процесс защиты личных данных теперь в прошлом. Мы обеспечиваем вашу безопасность и конфиденциальность. Присоединяйтесь к [url=https://mega-go.com]MEGA[/url] и насладитесь шопингом, о котором всегда мечтали!

  33. Быстро пройти обучение переподготовка maps-edu.ru

    В реальное время проходить удаленное обучение значится безусловной нормой. Ведь онлайн можно пройти аккредитацию, повысить квалификацию должности, пройти профессиональную переподготовку и многое другое в удобное для Вас время и по небольшой цене. На веб портале maps-edu.ru Вы найдете расписание программы обучений, цены, все детали о нашей работе уже сегодня.

    Окончить [url=https://maps-edu.ru/catalog/defektologiia]обучение дефектолог дистанционно на базе высшего образования[/url] можно в представленной академии. Каталог содержит более 1800 разнообразных программ обучения, порой трудно найти, что необходимо именно Вам. Можно пользоваться поиском, введя направление и другие параметры. Существующие направления: строительство, агрономия, бухгалтерское дело, закупки, культура и искусство, пожарная безопасность, физическая культура и спорт, социальная работа, антитеррористическая защищенность, метрология и стандартизация, электроэнергетика, маркшейдерское дело, горное дело и многие другие.

    Обращайтесь за профессиональной консультацией по телефону 8(800)777-06-74 или закажите обратный звонок. Работаем по всей России и также звонок будет бесплатным. Звоните и специалист окажет помощь Вам найти нужный пакет по обучению, расскажет об методах оплаты и сориентирует по прайсу. Данная организация находится по адресу: г. Иркутск, ул. Степана Разина, д. 6.

    По запросу [url=https://maps-edu.ru/catalog/pedagogika?type=professionalnaya-perepodgotovka]профессиональная переподготовка дистанционно в государственном вузе педагогика[/url] Вы на правильном пути. Пользу онлайн обучения объяснять сейчас не требуется. Все знают эти привилегии и всё чаще выбирают maps-edu.ru за наш отличный опыт. Большое количество квалифицированных преподавателей, довольных учеников, добрых отзывов и не только, чем мы можем похвастаться. Приходите и Вы за требуемыми навыками.

  34. Fitspresso is a brand-new natural weight loss aid designed to work on the root cause of excess and unexplained weight gain. The supplement uses an advanced blend of vitamins, minerals, and antioxidants to support healthy weight loss by targeting the fat cells’ circadian rhythm

  35. Fitspresso is a brand-new natural weight loss aid designed to work on the root cause of excess and unexplained weight gain. The supplement uses an advanced blend of vitamins, minerals, and antioxidants to support healthy weight loss by targeting the fat cells’ circadian rhythm

  36. Hello there, just became aware of your blog through
    Google, and found that it’s really informative. I am going to watch out for
    brussels. I’ll appreciate if you continue this in future. A
    lot of people will be benefited from your writing.
    Cheers!

  37. Unlock the potential of your pineal gland with the potent Pineal XT Dietary supplements serve as a gateway to expanding one’s range of expression, and Pineal gland support supplements, in particular, can elevate mental and spiritual capabilities. Pineal XT vitamins offer a pathway to endless joy, prosperity, health, and love. These supplements are designed to bolster the pineal gland’s function, enhance overall body performance, and boost energy levels. It stands as a premier alternative for reducing the impact of fluoride, pollutants, and the natural aging process.

  38. Thanks for your marvelous posting! I actually enjoyed reading it, you might be a great
    author. I will remember to bookmark your blog and will often come back down the road.
    I want to encourage you to definitely continue your great writing,
    have a nice holiday weekend!

  39. Great weblog here! Also your web site quite a bit up fast!
    What host are you the usage of? Can I am getting your affiliate hyperlink in your host?
    I desire my site loaded up as fast as yours lol

LEAVE A REPLY