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List Of 47 Microfinance Banks Licences Revoked By CBN - Business - Nairaland

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List Of 47 Microfinance Banks Licences Revoked By CBN by politicoNG: 3:59pm On May 24, 2023
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
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

LIST OF 132 MICROFINANCE BANKS LICENCES REVOKED, OTHERS – Second gazette

ATLAS MICROFINANCE BANK
BLUEWHALES MICROFINANCE BANK
EVEREST MICROFINANCE BANK
IGANGAN MICROFINANCE BANK
MAINSAIL MICROFINANCE BANK
MERIT MICROFINANCE BANK
MINNA MICROFINANCE BANK
MUSHARAKA MICROFINANCE BANK
NOPOV MICROFINANCE BANK
OHON MICROFINANCE BANK
PREMIUM MICROFINANCE BANK
ROYAL MICROFINANCE BANK
STATESMAN MICROFINANCE BANK
SUISSE MICROFINANCE BANK
VIBRANT MICROFINANCE BANK
VIRTUE MICROFINANCE BANK
ZAMARE MICROFINANCE BANK
NORTH CAPITAL MICROFINANCE BANK
CHIDERA MICROFINANCE BANK
EXCELLENT MICROFINANCE BANK
NI’IMA MICROFINANCE BANK
COSMOPOLITAN MICROFINANCE BANK
PROGRESSIVE LINK MICROFINANCE BANK
TRUST ONE (FOMERLY DESMONARCHY)
EKUOMBE MICROFINANCE BANK
FIRST INDEX MICROFINANCE BANK
OLA MICROFINANCE BANK
ULI MICROFINANCE BANK
VERDANT MICROFINANCE BANK
AGULERI MICROFINANCE BANK LIMITED
APEKS MICROFINANCE BANK LIMITED
FAHIMTA MICROFINANCE BANK LIMITED
MANNY MICROFINANCE BANK LIMITED
REALITY MICROFINANCE BANK LIMITED
SURBPOLITAN MICROFINANCE BANK LIMITED
ONYX MICROFINANCE BANK LIMITED
OSINA MICROFINANCE BANK LIMITED
OLOFIN-OWENA MICROFINANCE BANK LIMITED
ZIKADO MICROFINANCE BANK LIMITED
PRUDENTIAL CO-OPERATIVE MICROFINANCE BANK LIMITED
PENIEL MICROFINANCE BANK LIMITED
TARABA MICROFINANCE BANK LIMITED
BRASS MICROFINANCE BANK LIMITED
MICHIKA MICROFINANCE BANK LIMITED
NDIAGU MICROFINANCE BANK LIMITED
NORTHBRIDGE MICROFINANCE BANK LIMITED
FCT MICROFINANCE BANK LIMITED
OMU-ARAN MICROFINANCE BANK LIMITED
CHERISH MICROFINANCE BANK LIMITED
BIPC MICROFINANCE BANK LIMITED
DANELS GLOBAL MICROFINANCE BANK LIMITED
BANCORP MICROFINANCE BANK LIMITED
MANNA MICROFINANCE BANK LIMITED
MONEYWISE MICROFINANCE BANK LIMITED
MERCURY MICROFINANCE BANK LIMITED
NEW AGE MICROFINANCE BANK LIMITED
PEARL MICROFINANCE BANK LIMITED
ZAWADI MICROFINANCE BANK LIMITED
SEED CAPITAL MICROFINANCE BANK LIMITED
EDUEK MICROFINANCE BANK LIMITED
EKSU MICROFINANCE BANK LIMITED
DAKINGARI MICROFINANCE BANK LIMITED
OGOJA MICROFINANCE BANK LIMITED
NWABOSI MICROFINANCE BANK LIMITED
NUTURE MICROFINANCE BANK LIMITED
ACTIVE POINT MICROFINANCE BANK LIMITED
AMOYE MICROFINANCE BANK LIMITED
BOLUWADURO MICROFINANCE BANK LIMITED
IYEDE MICROFINANCE BANK LIMITED
MAYFAIR MICROFINANCE BANK LIMITED
CALABAR MICROFINANCE BANK LIMITED
IGHOMO MICROFINANCE BANK LIMTED
HACKMAN MICROFINANCE BANK LIMITED
IDESE MICROFINANCE BANK LIMITED
BRIDGEWAY MICROFINANCE BANK LIMITED
GRASSROOT MICROFINANCE BANK LIMITED
SURELIFE MICROFINANCE BANK LIMITED
TIJARAH MICROFINANCE BANK LIMITED
IC-GLOBAL MICROFINANCE BANK LIMITED
EJIAMATU MICROFINANCE BANK LIMITED
BRIYTH COVENANT MICROFINANCE BANK LIMITED
NANKA MICROFINANCE BANK LIMITED
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
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
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

https://www.icirnigeria.org/list-of-microfinance-banks-others-whose-licences-cbn-revoked/

10 Likes 3 Shares

Re: List Of 47 Microfinance Banks Licences Revoked By CBN by taylor89(m): 4:13pm On May 24, 2023
Why won’t there be millions of micro finance banks when the real banks are misbehaving


UBA don carry all my money buy suya for Wizkid


Every second debit, card maintenance SMS charge stamp duty

At this modern time Nigerian banks still don’t give a little interest to savings accounts

Every second deduction

209 Likes 6 Shares

Re: List Of 47 Microfinance Banks Licences Revoked By CBN by Ahmed566(m): 4:14pm On May 24, 2023
Number 1

1 Like 2 Shares

Re: List Of 47 Microfinance Banks Licences Revoked By CBN by cjudy(m): 4:14pm On May 24, 2023
wink

Wait ooo, all these MFB Dey Nigeria? Greedy citizens

65 Likes 3 Shares

Re: List Of 47 Microfinance Banks Licences Revoked By CBN by Emir8: 4:14pm On May 24, 2023
Most of them are owned by churches and schools. CBN doesn't want money to be stored in those banks because it want to monitor their finances

81 Likes 6 Shares

Re: List Of 47 Microfinance Banks Licences Revoked By CBN by drizslim(m): 4:14pm On May 24, 2023
No fair money , opay, palmpay here

Seems they bribed their way out

52 Likes 7 Shares

Re: List Of 47 Microfinance Banks Licences Revoked By CBN by Landmine1: 4:14pm On May 24, 2023
Why micro finance bank come plenty like that? Bank Wey no serious.

26 Likes 1 Share

Re: List Of 47 Microfinance Banks Licences Revoked By CBN by olyrayy(m): 4:14pm On May 24, 2023
Hope say Kuda no dey among?

17 Likes 1 Share

Re: List Of 47 Microfinance Banks Licences Revoked By CBN by Adjovi: 4:14pm On May 24, 2023
Lmao see bank names cheesy grin grin otukpo, ologbon etc grin grin grin

72 Likes 3 Shares

Re: List Of 47 Microfinance Banks Licences Revoked By CBN by Collysmith: 4:15pm On May 24, 2023
Okay
Re: List Of 47 Microfinance Banks Licences Revoked By CBN by johnjay4u2u(m): 4:15pm On May 24, 2023
Lol
See that one with funny name.

NUT ENDWELL microfinance bank
Lol. Thry actually did not end well.

Guess it's Nigerian Union of Teachers (NUT) but it's still funny 🤣🤣🤣.


That said, this government has been most proactive in the last month before handing over. If they were this busy , things would have been better.

82 Likes 3 Shares

Re: List Of 47 Microfinance Banks Licences Revoked By CBN by GeneralPula: 4:15pm On May 24, 2023
End time micro finance bank everywhere..

16 Likes 2 Shares

Re: List Of 47 Microfinance Banks Licences Revoked By CBN by Basiljoe: 4:15pm On May 24, 2023
Awaiting Palmpay and Opay.

4 Likes

Re: List Of 47 Microfinance Banks Licences Revoked By CBN by Boatin: 4:15pm On May 24, 2023
A cup of Khafflo .. any one..

1 Share

Re: List Of 47 Microfinance Banks Licences Revoked By CBN by iHateFraudsters: 4:15pm On May 24, 2023
Wetin Kogi and Adamawa states do CBN.

Na their name full the list.

ADAMAWA SAVINGS & LOANS
Adamawa microfinance Bank
KOGI SAVINGS & LOANS
Kogi microfinance Bank

12 Likes

Re: List Of 47 Microfinance Banks Licences Revoked By CBN by lonecatt(m): 4:15pm On May 24, 2023
seems like some people were opening microfinance banks as if they were opening email accounts grin

64 Likes 1 Share

Re: List Of 47 Microfinance Banks Licences Revoked By CBN by nobleauch: 4:15pm On May 24, 2023
Nawaoooo
Re: List Of 47 Microfinance Banks Licences Revoked By CBN by STEWpid(f): 4:16pm On May 24, 2023
Chai..

In a nutshell, some niggas could not or refused to block some gaps with "shua-shua".

Some other lads are now in debt.

In the meantime, they'll sort it out.
Re: List Of 47 Microfinance Banks Licences Revoked By CBN by SwayG: 4:16pm On May 24, 2023
I was searching for KUDA and OPAY.

My heart 4 fly grin

I remember the day I had transfer issues with Opay, I couldn't reach them via calls for 2 days. I was simply helpless, no physical person to hold.
Omo, MICROFINANCE BANK get as e be sha

27 Likes 1 Share

Re: List Of 47 Microfinance Banks Licences Revoked By CBN by pweeryambre: 4:16pm On May 24, 2023
That's a long list... they won't create jobs to support the masses, but will be quick to shut down establishements that are created by the youths to support the masses.

6 Likes 2 Shares

Re: List Of 47 Microfinance Banks Licences Revoked By CBN by iLoveYouToo(m): 4:16pm On May 24, 2023
Some names sef undecided

2 Likes

Re: List Of 47 Microfinance Banks Licences Revoked By CBN by opalu: 4:17pm On May 24, 2023
Hmmm
Re: List Of 47 Microfinance Banks Licences Revoked By CBN by AImiron: 4:17pm On May 24, 2023
Imagine they touch Lapo . There would be massive jubilation in the land

48 Likes 1 Share

Re: List Of 47 Microfinance Banks Licences Revoked By CBN by Kingpele(m): 4:17pm On May 24, 2023
Emefiele self who gave this strange names licence to operate micro finance system...CBN is becoming more useless like the rest of federal agencies under the wicked regime of APC

8 Likes 3 Shares

Re: List Of 47 Microfinance Banks Licences Revoked By CBN by mozes01(m): 4:18pm On May 24, 2023
i wish Kuda was there.

1 Like

Re: List Of 47 Microfinance Banks Licences Revoked By CBN by Jahwinaboy(m): 4:18pm On May 24, 2023
That means dem no get much influence. Touch LAPO, touch wahala grin

2 Likes

Re: List Of 47 Microfinance Banks Licences Revoked By CBN by Okiton: 4:18pm On May 24, 2023
grin
Re: List Of 47 Microfinance Banks Licences Revoked By CBN by Slynation(m): 4:18pm On May 24, 2023
This banks has customers...?? Interesting...!!
Re: List Of 47 Microfinance Banks Licences Revoked By CBN by klickstar: 4:18pm On May 24, 2023
😂😂😂😂😂🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣
Just when you thought you've sent it all
Last minute bombing
We all go down together
6 days to go pals hold on

3 Likes

Re: List Of 47 Microfinance Banks Licences Revoked By CBN by phorget(m): 4:19pm On May 24, 2023
Microfinance bank don plenty pass customers o. The problem with Nigeria is that we all want to become the ”BUS”(boss), if we all become ”busess” then who's gonna be the conductor? undecided

19 Likes 1 Share

Re: List Of 47 Microfinance Banks Licences Revoked By CBN by baralatie(m): 4:19pm On May 24, 2023
Checking the list😲😲😲

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