Full lists of 42 microfinance banks that CBN revoked Its licenses

By Simdi Gloria:-

The operating licenses of 42 microfinance banks (MfBs) have been withdrawn by the Central Bank of Nigeria (CBN) and the affected banks have been ordered to shut down.

In a statement by the Nigeria Deposit Insurance Corporation (NDIC) said it has stepped in to wind down the banks and would promptly commence the verification of claims of depositors from today.

The affected banks are:
Hedgeworth MFB, Utako, Abuja;

Future Growth MFB, Utako, Abuja;

Bagwai MFB, Bagwai LGA, Kano;

Ere City MFB, Oriade LGA, Osun State;

Cafon MFB, Garki II, Abuja;

Akcofed MFB, Uyo, Akwa-Ibom State;

Gufax MFB, Uyo, Akwa Ibom State,

Partnership MFB, Onitsha, Anambra State;

ICB MFB, Ilah, Delta State;

Onima MFB, Ezinihite Mbaise LGA, Imo State;

Hometrust (NATIONS) MFB, Nkwere, Imo State.

Ringim MFB, Ringim, Jigawa State;

Bigthana MFB, Ali Akilu Road, Kaduna;

Rogo MFB, Rogo LGA, Kano State;

Makoda MFB, Makoda LGA, Kano;

Takai MFB, Takai LGA, Kano State;

Bebeji MFB, Bebeji L.G.A., Kano State;

Ajingi MFB, Ajingi LGA, Kano State;

Garko MFB, Garko, Kano;

Kangiwa MFB, Kangiwa LGA, Kebbi State;

Augie MFB, Augie LGA, Kebbi State;

Mopa MFB, and Mopa, Kogi State.

Solid Base MFB, Ijumu LGA, Kogi State;

Ultimate Benefit MFB, Lokoja, Kogi State;

Ovidi MFB, Okene, Kogi State;

Kirfi MFB, Kirfi LGA, Bauchi;

Credit Express MFB, Kakawa Street, Lagos;

King Solomon MFB, Western Avenue, Iponri, Lagos;

Riggs MFB, Victoria Island, Lagos;

Billionaire Blue Bricks MFB, Ajah, Lagos;

Susu MFB, Yaba, Lagos;

Wealthstream MFB, Apapa, Lagos;

Aguda Titun MFB, Ogba, Lagos

Sapphire MFB, Uyo, Akwa Ibom State.

Metro MFB, Ogba, Ikeja, Lagos,

Mountain Top MFB, Trade Fair Complex, Lagos;

Unyogba MFB, Ofu LGA, Kogi State;

Wapo MFB, Okene, Kogi State;

Ibogun MFB, Ifo LGA, Ogun State;

Korede MFB, Igbotako, Ondo State;

Ahetou MFB, Ogba/Egbema/Ndoni LGA, Rivers State

Fufore MFB, Yola, Adamawa State.

On its own part, NDIC said that the operating licences were revoked by the CBN effective from November 12, 2020.

The NDIC stated: “As the official liquidator of the banks whose licences were recently revoked, it is the process of closing the banks and paying their insured depositors.

“We, therefore, request that all depositors of these banks should visit the closed banks’ addresses and meet NDIC officials for the verification of their claims, commencing from Monday, 21st December 2020 till Thursday, 24th December 2020.”

For further clarification or any assistance, eligible depositors have been requested to contact the representatives of the director, Claims Resolution Department of the NDIC in any of the centers or zonal offices in Abuja, Lagos, Enugu, Benin, Kano, Ilorin, Bauchi, Sokoto, Yola, and Port Harcourt.

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