The Central Bank of Nigeria has revoked the operating licences of over a hundred banks and financial firms, meaning the affected companies can no longer carry out financial transactions in Nigeria.
– Key points to note
The list includes 132 microfinance banks, four primary mortgage banks, and three finance companies.
According to a CBN notice published in the government’s official gazette on Tuesday, the sanctioned banks failed to carry out the type of business for which their licences were issued for a continuous period of six months. They also failed to fulfil or comply other regulatory conditions.
The affected four primary mortgage banks are Resort Savings & Loans, Safetrust Mortgage Bank, Adamawa Savings & Loans and Kogi Savings & Loans.
The finance companies affected are HHL Invest & Trust Limited, TFS Finance Limited, and Treasures & Trust Limited.
– Full list of 132 microfinance banks that lost their licences
- Atlas Microfinance Bank
- Blue Whales 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
- TrustOne (Formerly Desmonarchy)
- Ekuombe Microfinance Bank
- First Index Microfinance Bank
- Ola Microfinance Bank
- Uli Microfinance Bank
- Verdant Microfinance Bank
- Aguleri Microfinance Bank
- Apeks Microfinance Bank
- Fahimta Microfinance Bank
- Manni 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
- Bankcorp 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 Limited
- Hackman Microfinance Bank Limited
- Idese Microfinance Bank Limited
- Bridgeway Microfinance Bank Limited
- Grassroot Microfinance Bank Limited
- Sure life 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 Limited
- 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 Multipurpose 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
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