List of microfinance banks, others whose licences CBN revoked

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.

Read the full report HERE

See the list below:






     

     

    LIST OF 47 MICROFINANCE BANKS LICENCES REVOKED – first gazette 

    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. 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

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

    1. ATLAS MICROFINANCE BANK
    2. BLUEWHALES MICROFINANCE BANK
    3. EVEREST MICROFINANCE BANK
    4. IGANGAN MICROFINANCE BANK
    5. MAINSAIL MICROFINANCE BANK
    6. MERIT MICROFINANCE BANK
    7. MINNA MICROFINANCE BANK
    8. MUSHARAKA MICROFINANCE BANK
    9. NOPOV MICROFINANCE BANK
    10. OHON MICROFINANCE BANK
    11. PREMIUM MICROFINANCE BANK
    12. ROYAL MICROFINANCE BANK
    13. STATESMAN MICROFINANCE BANK
    14. SUISSE MICROFINANCE BANK
    15. VIBRANT MICROFINANCE BANK
    16. VIRTUE MICROFINANCE BANK
    17. ZAMARE MICROFINANCE BANK
    18. NORTH CAPITAL MICROFINANCE BANK
    19. CHIDERA MICROFINANCE BANK
    20. EXCELLENT MICROFINANCE BANK
    21. NI’IMA MICROFINANCE BANK
    22. COSMOPOLITAN MICROFINANCE BANK
    23. PROGRESSIVE LINK MICROFINANCE BANK
    24. TRUST ONE (FOMERLY DESMONARCHY)
    25. EKUOMBE MICROFINANCE BANK
    26. FIRST INDEX MICROFINANCE BANK
    27. OLA MICROFINANCE BANK
    28. ULI MICROFINANCE BANK
    29. VERDANT MICROFINANCE BANK
    30. AGULERI MICROFINANCE BANK LIMITED
    31. APEKS MICROFINANCE BANK LIMITED
    32. FAHIMTA MICROFINANCE BANK LIMITED
    33. MANNY MICROFINANCE BANK LIMITED
    34. REALITY MICROFINANCE BANK LIMITED
    35. SURBPOLITAN MICROFINANCE BANK LIMITED
    36. ONYX MICROFINANCE BANK LIMITED
    37. OSINA MICROFINANCE BANK LIMITED
    38. OLOFIN-OWENA MICROFINANCE BANK LIMITED
    39. ZIKADO MICROFINANCE BANK LIMITED
    40. PRUDENTIAL CO-OPERATIVE MICROFINANCE BANK LIMITED
    41. PENIEL MICROFINANCE BANK LIMITED
    42. TARABA MICROFINANCE BANK LIMITED
    43. BRASS MICROFINANCE BANK LIMITED
    44. MICHIKA MICROFINANCE BANK LIMITED
    45. NDIAGU MICROFINANCE BANK LIMITED
    46. NORTHBRIDGE MICROFINANCE BANK LIMITED
    47. FCT MICROFINANCE BANK LIMITED
    48. OMU-ARAN MICROFINANCE BANK LIMITED
    49. CHERISH MICROFINANCE BANK LIMITED
    50. BIPC MICROFINANCE BANK LIMITED
    51. DANELS GLOBAL MICROFINANCE BANK LIMITED
    52. BANCORP MICROFINANCE BANK LIMITED
    53. MANNA MICROFINANCE BANK LIMITED
    54. MONEYWISE MICROFINANCE BANK LIMITED
    55. MERCURY MICROFINANCE BANK LIMITED
    56. NEW AGE MICROFINANCE BANK LIMITED
    57. PEARL MICROFINANCE BANK LIMITED
    58. ZAWADI MICROFINANCE BANK LIMITED
    59. SEED CAPITAL MICROFINANCE BANK LIMITED
    60. EDUEK MICROFINANCE BANK LIMITED
    61. EKSU MICROFINANCE BANK LIMITED
    62. DAKINGARI MICROFINANCE BANK LIMITED
    63. OGOJA MICROFINANCE BANK LIMITED
    64. NWABOSI MICROFINANCE BANK LIMITED
    65. NUTURE MICROFINANCE BANK LIMITED
    66. ACTIVE POINT MICROFINANCE BANK LIMITED
    67. AMOYE MICROFINANCE BANK LIMITED
    68. BOLUWADURO MICROFINANCE BANK LIMITED
    69. IYEDE MICROFINANCE BANK LIMITED
    70. MAYFAIR MICROFINANCE BANK LIMITED
    71. CALABAR MICROFINANCE BANK LIMITED
    72. IGHOMO MICROFINANCE BANK LIMTED
    73. HACKMAN MICROFINANCE BANK LIMITED
    74. IDESE MICROFINANCE BANK LIMITED
    75. BRIDGEWAY MICROFINANCE BANK LIMITED
    76. GRASSROOT MICROFINANCE BANK LIMITED
    77. SURELIFE MICROFINANCE BANK LIMITED
    78. TIJARAH MICROFINANCE BANK LIMITED
    79. IC-GLOBAL MICROFINANCE BANK LIMITED
    80. EJIAMATU MICROFINANCE BANK LIMITED
    81. BRIYTH COVENANT MICROFINANCE BANK LIMITED
    82. NANKA MICROFINANCE BANK LIMITED
    83. CUB MICROFINANCE BANK LIMITED
    84. BFL MICROFINANCE BANK LIMITED
    85. UMUNNE MICROFINANCE BANK LIMITED
    86. OROKE MICROFINANCE BANK
    87. ALKALERI MICROFINANCE BANK LIMITED
    88. CROWNED EAGLE MICROFINANCE BANK LIMITED
    89. UNIFA MICROFINANCE BANK LIMITED
    90. DADINKOWA MICROFINANCE BANK LIMITED
    91. IFESOWAPO MICROFINANCE BANK LIMITED
    92. OAF MICROFINANCE BANK LIMITED
    93. BAMA MICROFINANCE BANK LIMITED
    94. NGALA MICROFINANCE BANK LIMITED
    95. IWOAMA MICROFINANCE BANK LIMITED
    96. KADA MICROFINANCE BANK LIMITED
    97. KEFFI MICROFINANCE BANK LIMITED
    98. NUT-ENDWELL MICROFINANCE BANK LIMITED
    99. FIRST MULTIPLE MICROFINANCE BANK LIMITED
    100. SBDC MICROFINANCE BANK LIMITED
    101. OROS CAPITAL MICROFINANCE BANK LIMITED
    102. OZIZZA MICROFINANCE BANK LIMITED
    103. PRIMERA CREDIT MICROFINANCE BANK LIMITED
    104. IFEANYICHUKWU MICROFINANCE BANK LIMITED
    105. IHIOMA MICROFINANCE BANK LIMITED
    106. JOSAD MICROFINANCE BANK LIMITED
    107. AKPO MICROFINANCE BANK LIMITED
    108. AIYEPE MICROFINANCE BANK LIMITED
    109. ABC MICROFINANCE BANK LIMITED
    110. STAR MICROFINANCE BANK LIMITED
    111. PURPLE MONEY MICROFINANCE BANK LIMITED
    112. UTUH MICROFINANCE BANK LIMITED
    113. STALLION MICROFINANCE BANK LIMITED
    114. KJL MICROFINANCE BANK LIMITED
    115. CREDIT AFRIQUE MICROFINANCE BANK LIMITED
    116. COWRIES MICROFINANCE BANK LIMITED
    117. LAWEBOD MICROFINANCE BANK LIMITED
    118. MABINAS MICROFINANCE BANK LIMITED
    119. BUSINESS SUPPORT MICROFINANCE BANK LIMITED
    120. OGBE-AHIARA MICROFINANCE BANK LIMITED
    121. OLOFIN MICROFINANCE BANK LIMITED
    122. OBOSI MICROFINANCE BANK LIMITED
    123. FIYINFOLU MICROFINANCE BANK LIMITED
    124. BISHOPGATE MICROFINANCE BANK LIMITED
    125. AWKA MICROFINANCE BANK LIMITED
    126. ZIGATE MICROFINANCE BANK LIMITED
    127. ESAN MICROFINANCE BANK LIMITED
    128. ENUGU-UKWU MICROFINANCE BANK LIMITED
    129. ECHO MICROFINANCE BANK LIMITED
    130. ALLY MICROFINANCE BANK LIMITED
    131. NETWORK MICROFINANCE BANK LIMITED
    132. AWGBU MICROFINANCE BANK LIMITED

    LIST OF FINANCE COMPANIES LICENCES REVOKED

    1. HHL Invest & Trust Limited
    2. TFS Finance Limited
    3. Treasures & Trust Limited

    LIST OF PRIMARY MORTGAGE BANKS LICENCES REVOKED

    1. RESORT SAVINGS & LOANS
    2. SAFETRUST MORTGAGE BANK
    3. ADAMAWA SAVINGS & LOANS
    4. KOGI SAVINGS & LOANS

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