Afrigather The Central Financial institution of Nigeria (CBN) has revoked the licences of the 47 microfinance banks. This was contained in a printed on its website.
The discover reads partly, “I, Godwin Ifeanyi Emefiele, CON, Governor of the Central Financial institution of Nigeria, within the train of the powers conferred upon me by Part 12 of the Banks and Different Monetary Establishments Act (BOFIA), 2020, hereby revoke the licenses of the 47 (forty-seven) Microfinance Banks.”
The apex financial institution additionally revealed that the licences have been withdrawn as a result of they’d both remained inactive, bancrupt, did not render returns, closed store, or ceased to hold on the kind of banking enterprise for which they have been licensed for greater than six (6) months.
Verify in case your financial institution is on the listing
| Evangel Microfinance Financial institution | Otukpo Microfinance Financial institution | Eyowo Microfinance Financial institution | Edumana Microfinance Financial institution |
| Dominion Microfinance Financial institution | Ologbon Microfinance Financial institution |
Come up Microfinance Financial institution | West-Finish Microfinance Financial institution |
| Anya Microfinance Financial institution | Bestway Microfinance Financial institution | Isi-Aku Microfinance Financial institution | Umejei Microfinance Financial institution |
| Akwengwu Microfinance Financial institution | Biyama Microfinance Financial institution | Bmazazhin Microfinance Financial institution | Mouau Vasmucs Microfinance Financial institution |
| Fadama Farmers Microfinance Financial institution | Greenland Microfinance Financial institution | Ini Microfinance Financial institution | Jamis Microfinance Financial institution |
| Sal-Fol Microfinance Financial institution | Fasildapo Microfinance Financial institution | Narict Microfinance Financial institution | New World Microfinance Financial institution |
| Mautech Microfinance Financial institution | Dawn Microfinance Financial institution | Interland Microfinance Financial institution | Abestone Microfinance Financial institution |
| Wase Microfinance Financial institution | Joint Farmers Microfinance Financial institution | Ehor Microfinance Financial institution | Nsehe Microfinance Financial institution |
| Smartmicro Microfinance Financial institution | Prolific Microfinance Financial institution | Bibajinre Microfinance Financial institution | Osogbo Microfinance Financial institution |
| Amba Microfinance Financial institution |
Halmond Microfinance Financial institution | Golden Funds Microfinance Financial institution | Crossover Microfinance Financial institution |
| Bridge Home Microfinance Financial institution | Ajikobi Microfinance Financial institution | Gwadabawa Microfinance Financial institution | Dangizhi Microfinance Financial institution |
| Moneywell Microfinance Financial institution | Kogi Microfinance Financial institution | Iba Microfinance Financial institution |
The CBN additionally revealed that numerous actions taken to halt their persistent failure to hold on enterprise failed, therefore the choice to revoke their licence.
