List Of 47 Microfinance Banks Licences Revoked By CBN

THE Central Bank of Nigeria (CBN) has revoked the operating licences of microfinance banks (MfBs), primary mortgage banks (PMBs) and finance companies as disclosed by the regulatory body in two separate gazettes it released on Tuesday, May 23.

The impact of these revocations would affect the larger society, a lecturer at the Department of Finance, University of Lagos, Abu Noruwa, told The ICIR.

Before the revocation, the CBN would have found out that the operators were not complying with the rules and regulations, and the owners of the banks could have been diverting funds for personal use outside the purpose of the MfB operations, Noruwa asserted.

LIST OF 47 MICROFINANCE BANKS LICENCES REVOKED – first gazette

EVANGEL MICROFINANCE BANK
DOMINION MICROFINANCE BANK
ANYA MICROFINANCE BANK
AKWENGWU MICROFINANCE BANK
FADAMA FARMERS MICROFINANCE BANK
SAL-FOL MICROFINANCE BANK
MAUTECH MICROFINANCE BANK
WASE MICROFINANCE BANK
SMARTMICRO MICROFINANCE BANK
AMBA MICROFINANCE BANK
BRIDGE HOUSE MICROFINANCE BANK
MONEYWELL MICROFINANCE BANK
OTUKPO MICROFINANCE BANK
OLOGBON MICROFINANCE BANK
BESTWAY MICROFINANCE BANK
BIYAMA MICROFINANCE BANK
GREENLAND MICROFINANCE BANK
FASILDAPO MICROFINANCE BANK
SUNRISE MICROFINANCE BANK
JOINT FARMERS MICROFINANCE BANK
PROLIFIC MICROFINANCE BANK
HALMOND MICROFINANCE BANK
AJIKOBI MICROFINANCE BANK

READ ALSO : World Bank appoints Ajay Banga as president

KOGI MICROFINANCE BANK
EYOWO MICROFINANCE BANK
ARISE MICROFINANCE BANK
ISI-AKU MICROFINANCE BANK
BMAZAZHIN MICROFINANCE BANK
INI MICROFINANCE BANK
NARICT MICROFINANCE BANK
INTERLAND MICROFINANCE BANK
EHOR MICROFINANCE BANK
BIBAJINRE MICROFINANCE BANK
GOLDEN FUNDS MICROFINANCE BANK
GWADABAWA MICROFINANCE BANK
IBA MICROFINANCE BANK
EDUMANA MICROFINANCE BANK
WEST-END MICROFINANCE BANK
UMEJEI MICROFINANCE BANK
MOUAU VASMUCS MICROFINANCE BANK
JAMIS MICROFINANCE BANK
NEW WORLD MICROFINANCE BANK
ABESTONE MICROFINANCE BANK
NSEHE MICROFINANCE BANK
OSOGBO MICROFINANCE BANK
CROSSOVER MICROFINANCE BANK
DANGIZHI MICROFINANCE BANK

CUB MICROFINANCE BANK LIMITED
BFL MICROFINANCE BANK LIMITED
UMUNNE MICROFINANCE BANK LIMITED
OROKE MICROFINANCE BANK
ALKALERI MICROFINANCE BANK LIMITED
CROWNED EAGLE MICROFINANCE BANK LIMITED
UNIFA MICROFINANCE BANK LIMITED
DADINKOWA MICROFINANCE BANK LIMITED
IFESOWAPO MICROFINANCE BANK LIMITED
OAF MICROFINANCE BANK LIMITED
BAMA MICROFINANCE BANK LIMITED
NGALA MICROFINANCE BANK LIMITED
IWOAMA MICROFINANCE BANK LIMITED

READ ALSO : Judge Absconds from Court over Tinubu’s case

KADA MICROFINANCE BANK LIMITED
KEFFI MICROFINANCE BANK LIMITED
NUT-ENDWELL MICROFINANCE BANK LIMITED
FIRST MULTIPLE MICROFINANCE BANK LIMITED
SBDC MICROFINANCE BANK LIMITED
OROS CAPITAL MICROFINANCE BANK LIMITED
OZIZZA MICROFINANCE BANK LIMITED
PRIMERA CREDIT MICROFINANCE BANK LIMITED
IFEANYICHUKWU MICROFINANCE BANK LIMITED
IHIOMA MICROFINANCE BANK LIMITED
JOSAD MICROFINANCE BANK LIMITED
AKPO MICROFINANCE BANK LIMITED
AIYEPE MICROFINANCE BANK LIMITED
ABC MICROFINANCE BANK LIMITED
STAR MICROFINANCE BANK LIMITED
PURPLE MONEY MICROFINANCE BANK LIMITED
UTUH MICROFINANCE BANK LIMITED
STALLION MICROFINANCE BANK LIMITED
KJL MICROFINANCE BANK LIMITED
CREDIT AFRIQUE MICROFINANCE BANK LIMITED
COWRIES MICROFINANCE BANK LIMITED
LAWEBOD MICROFINANCE BANK LIMITED
MABINAS MICROFINANCE BANK LIMITED
BUSINESS SUPPORT MICROFINANCE BANK LIMITED
OGBE-AHIARA MICROFINANCE BANK LIMITED
OLOFIN MICROFINANCE BANK LIMITED
OBOSI MICROFINANCE BANK LIMITED
FIYINFOLU MICROFINANCE BANK LIMITED
BISHOPGATE MICROFINANCE BANK LIMITED
AWKA MICROFINANCE BANK LIMITED
ZIGATE MICROFINANCE BANK LIMITED
ESAN MICROFINANCE BANK LIMITED
ENUGU-UKWU MICROFINANCE BANK LIMITED

READ ALSO : What May Happen on the 26th May 2023 in Nigeria

ECHO MICROFINANCE BANK LIMITED
ALLY MICROFINANCE BANK LIMITED
NETWORK MICROFINANCE BANK LIMITED
AWGBU MICROFINANCE BANK LIMITED

LIST OF FINANCE COMPANIES LICENCES REVOKED

HHL Invest & Trust Limited
TFS Finance Limited
Treasures & Trust Limited

LIST OF PRIMARY MORTGAGE BANKS LICENCES REVOKED

RESORT SAVINGS & LOANS
SAFETRUST MORTGAGE BANK
ADAMAWA SAVINGS & LOANS
KOGI SAVINGS & LOANS

About Author

Echezonam Ibezim Jk

A chemical engineer with cognitive flair for creative writing . He writes for fun and renders his reportage humorously to keep you entertained . His avid love for food inspires him the most as he hopes to make his blog a real entertainment hub.

See author's posts