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NDIC Shuts Down 42 Microfinance Banks - Business - Nairaland

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NDIC Shuts Down 42 Microfinance Banks by martooski(m): 3:13pm On Dec 19, 2020
The NDIC yesterday announces the immediate closure of 42 Microfinance Banks nation wide

This is to inform the depositors, creditors, shareholders and the general public that the operating licenses of the under listed Forty-Two (42) Microfinance Banks (MFBs) have been revoked by the Central Bank of Nigeria (CBN) effective 12th November, 2020. The Nigeria Deposit Insurance Corporation (NDIC), the official Liquidator of the banks whose licenses were recently revoked, is in the process of closing the listed banks and pay 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:

The list of affected closed banks is as follows:


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, WETSERN 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 EXPRESS WAY, 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

https://ndic.gov.ng/notice-of-closure-of-42-microfinance-banks-mfbs/

1 Like 1 Share

Re: NDIC Shuts Down 42 Microfinance Banks by ahnie(f): 3:42pm On Dec 19, 2020
gather here if you remember oceanic bank that year.

43 Likes 3 Shares

Re: NDIC Shuts Down 42 Microfinance Banks by Maj196(m): 11:25am On Dec 21, 2020
Too bad, lalasticlala
Re: NDIC Shuts Down 42 Microfinance Banks by GIANTPLUSHUB: 12:04pm On Dec 21, 2020
Mheen
Re: NDIC Shuts Down 42 Microfinance Banks by sanemind5(m): 12:11pm On Dec 21, 2020
Wow
Re: NDIC Shuts Down 42 Microfinance Banks by SavageResponse(m): 12:56pm On Dec 21, 2020
ahnie:
gather here if you remember oceanic bank that year.

Oceanic Bank was not a microfinance bank

66 Likes

Re: NDIC Shuts Down 42 Microfinance Banks by SultanOfPuna: 1:03pm On Dec 21, 2020
Indian Oceanic Bank

The best bank in Nigeria

1 Like 2 Shares

Re: NDIC Shuts Down 42 Microfinance Banks by Enudapan: 1:04pm On Dec 21, 2020
Nah eh! No qualms
This is so unsophisticated

Another unemployment avenue
Reason why every should have a side hustle
Either by bombing steadily or any other means

4 Likes

Re: NDIC Shuts Down 42 Microfinance Banks by vibbb: 1:05pm On Dec 21, 2020
Ok, but how will they repay/refund customers who has savings with them ?

6 Likes

Re: NDIC Shuts Down 42 Microfinance Banks by KhingLufem1(m): 1:06pm On Dec 21, 2020
Ok
Re: NDIC Shuts Down 42 Microfinance Banks by obembet(f): 1:06pm On Dec 21, 2020
Some people don become jobless because of this.

Wait oo, A three day notice to creditors to verify claims against MFBs in the thick of Christmas is ill timed and clearly insufficient.

5 Likes

Re: NDIC Shuts Down 42 Microfinance Banks by NadiaR(m): 1:07pm On Dec 21, 2020
Gather here if you were looking for KUDA MFB
grin grin

30 Likes

Re: NDIC Shuts Down 42 Microfinance Banks by southniyikaye(m): 1:07pm On Dec 21, 2020
No 31-SUSU mfb, are you thinking what am thinking? Henhen..
Are you Dia?


40-korede mfb, even korede bello self get mfb, na WA o

2 Likes 1 Share

Re: NDIC Shuts Down 42 Microfinance Banks by Antibot5: 1:08pm On Dec 21, 2020
NadiaR:
Gather here if you were looking for KUDA MFB
grin grin

Lol nothing would happen to kuda

12 Likes 1 Share

Re: NDIC Shuts Down 42 Microfinance Banks by Sunmoluvic: 1:08pm On Dec 21, 2020
Ok
Re: NDIC Shuts Down 42 Microfinance Banks by wink2015: 1:09pm On Dec 21, 2020
NOTHING IN NIGERIA EVER WORK!

Microfinance bank was grossly abused by the operator of which many became heavily indebted.
Re: NDIC Shuts Down 42 Microfinance Banks by Pavicx(m): 1:09pm On Dec 21, 2020
OMO!!!
42 more banks

So many workers to lose their job
More jobless youth
More jobless adults

To be honest, we should all try to build ourselves
Do what pays you just forget about what people will talk

This country don cast!!

4 Likes 1 Share

Re: NDIC Shuts Down 42 Microfinance Banks by DasaintHope(m): 1:10pm On Dec 21, 2020
What could be the reason for such. Only God knows.
Re: NDIC Shuts Down 42 Microfinance Banks by NadiaR(m): 1:11pm On Dec 21, 2020
Antibot5:


Lol nothing would happen to kuda

Of course nothing.... Just catching cruise
Re: NDIC Shuts Down 42 Microfinance Banks by Aquilapriscilla: 1:11pm On Dec 21, 2020
Me looking for lapo MFB

5 Likes

Re: NDIC Shuts Down 42 Microfinance Banks by seniormallam(m): 1:13pm On Dec 21, 2020
Those banks has required capital and the capacity before they were issued license to start operation,
But the worst set of people to lend money are Nigerians, especially the unincorporated businesses these microfinance banks are dealing with,
Customers has finally run them down, lending is not easy In Nigeria, repayment is always like civil war.

Only in Nigeria tenants see rent as cheating, that landlord will be sleeping and they will be paying him free money.....lol

20 Likes 1 Share

Re: NDIC Shuts Down 42 Microfinance Banks by bestman09(m): 1:13pm On Dec 21, 2020


Chai! They didn't close the one I am owing!

1 Like

Re: NDIC Shuts Down 42 Microfinance Banks by Dramzyy(m): 1:14pm On Dec 21, 2020
NadiaR:
Gather here if you were looking for KUDA MFB
grin grin
we dey here grin Kuda is the best bank I’ve used so far tbh

7 Likes

Re: NDIC Shuts Down 42 Microfinance Banks by Nackzy: 1:15pm On Dec 21, 2020
Hope We can get our money back
Re: NDIC Shuts Down 42 Microfinance Banks by Generalkorex(m): 1:15pm On Dec 21, 2020
Thank God lapo no dey
Re: NDIC Shuts Down 42 Microfinance Banks by MVLOX(m): 1:18pm On Dec 21, 2020
dem need to shut down many of those online loan banks too....

1 Like

Re: NDIC Shuts Down 42 Microfinance Banks by jericco1(m): 1:21pm On Dec 21, 2020
9ja cash and sokoloan should be included

6 Likes

Re: NDIC Shuts Down 42 Microfinance Banks by MacDodger: 1:22pm On Dec 21, 2020
I just dy use my eyes find kUDA , I don fear oh grin

1 Like

Re: NDIC Shuts Down 42 Microfinance Banks by hayesconcept(m): 1:23pm On Dec 21, 2020
We move
Re: NDIC Shuts Down 42 Microfinance Banks by Kingdemi212019: 1:23pm On Dec 21, 2020
Kuda one of the most underrated banks in Nigeria,,no unwanted charges everything day work perfectly, how I wish they start having a physical branch in Nigeria

2 Likes

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