Finance

List of microfinance banks, others whose licences CBN revoked

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

The Official Gazette of Nigeria, obtained from CBN’s website, disclosed this on Tuesday.

The publication stated that the licenses of the financial institutions and companies were revoked because they ceased to carry on their business in Nigeria for a period of six months.

The country’s apex bank said that the institutions and companies failed to fulfil or comply with the conditions with which their licenses were given.

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It added that the revocation of the institution’s and companies’ licenses is in line with the provision of the Banks and Other Financial Institutions Act, BOFIA 2020, Section 12, Act No.5.

LIST OF MICROFINANCE BANKS LICENCES REVOKED
S/No. Name

  1. EVANGEL MICROFINANCE BANK
  2. DOMINION MICROFINANCE BANK
  3. ANYA MICROFINANCE BANK
  4. AKWENGWU MICROFINANCE BANK
  5. FADAMA FARMERS MICROFINANCE BANK
  6. SAL-FOL MICROFINANCE BANK
  7. MAUTECH MICROFINANCE BANK
  8. WASE MICROFINANCE BANK
  9. SMARTMICRO MICROFINANCE BANK
  10. AMBA MICROFINANCE BANK
  11. BRIDGE HOUSE MICROFINANCE BANK
  12. MONEYWELL MICROFINANCE BANK
  13. OTUKPO MICROFINANCE BANK
  14. OLOGBON MICROFINANCE BANK
  15. BESTWAY MICROFINANCE BANK
  16. BIYAMA MICROFINANCE BANK
  17. GREENLAND MICROFINANCE BANK
  18. FASILDAPO MICROFINANCE BANK
  19. SUNRISE MICROFINANCE BANK
  20. JOINT FARMERS MICROFINANCE BANK
  21. PROLIFIC MICROFINANCE BANK
  22. HALMOND MICROFINANCE BANK
  23. AJIKOBI MICROFINANCE BANK
  24. KOGI MICROFINANCE BANK
  25. EYOWO MICROFINANCE BANK
  26. ARISE MICROFINANCE BANK
  27. ISI-AKU MICROFINANCE BANK
  28. BMAZAZHIN MICROFINANCE BANK
  29. INI MICROFINANCE BANK
  30. NARICT MICROFINANCE BANK
  31. 31. INTERLAND MICROFINANCE BANK
  32. EHOR MICROFINANCE BANK
  33. BIBAJINRE MICROFINANCE BANK
  34. GOLDEN FUNDS MICROFINANCE BANK
  35. GWADABAWA MICROFINANCE BANK
  36. IBA MICROFINANCE BANK
  37. EDUMANA MICROFINANCE BANK
  38. WEST-END MICROFINANCE BANK
  39. UMEJEI MICROFINANCE BANK
  40. MOUAU VASMUCS MICROFINANCE BANK
  41. JAMIS MICROFINANCE BANK
  42. NEW WORLD MICROFINANCE BANK
  43. ABESTONE MICROFINANCE BANK
  44. NSEHE MICROFINANCE BANK
  45. OSOGBO MICROFINANCE BANK
  46. CROSSOVER MICROFINANCE BANK
  47. DANGIZHI MICROFINANCE BANK

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