Trending: CBN revokes operations of 42 Microfinance Banks, NDIC commences closure | Beware

The Central Bank of Nigeria (CBN) has withdrawn the licences of 42 Microfinance Banks in Nigeria.

Contained in a report from ChannelsTV https://www.channelstv.com/2020/12/21/ndic-commences-closure-of-42-microfinance-banks-after-cbns-directive/, Monday, the Nigeria Deposit Insurance Corporation (NDIC) has commenced the closure of the affected MFBs.

While notifying the General Public, NDIC has requested all depositors of the affected banks to visit the closed banks’ addresses and meet NDIC officials for the verification of their claims, commencing from Monday, 21st December 2020 till Thursday, 24th December 2020.

“This is to inform the depositors, creditors, shareholders, and the general public that the operating licenses of the under listed Forty-Two (42) Microfinance Banks (MFBs) have been revoked by the Central Bank of Nigeria (CBN) effective 12th November 2020.

“The Nigeria Deposit Insurance Corporation (NDIC), the Official Liquidator of the banks whose licenses were recently revoked, is in the process of closing the listed banks and pay their insured Depositors,” the NDIC statement read in part.

"The NDIC, therefore, request that all depositors of these banks should visit the closed banks’ addresses and meet NDIC officials for the verification of their claims, commencing from Monday, 21st December 2020 till Thursday, 24th December 2020."

The affected Microfinance Banks are as follows:

Hedgeworth MFB, Utako, Abuja;

Future Growth MFB, Utako, Abuja;

Bagwai MFB, Bagwai LGA, Kano;

Ere City MFB, Oriade LGA, Osun State;

Cafon MFB, Garki II, Abuja;

Akcofed MFB, Uyo, Akwa-Ibom State;

Gufax MFB, Uyo, Akwa Ibom State, Partnership MFB, Onitsha, Anambra State;

ICB MFB, Ilah, Delta State;

Credit Express MFB, Kakawa Street, Lagos;

King Solomon MFB, Western Avenue, Iponri, Lagos;

Riggs MFB, Victoria Island, Lagos; Billionaire Blue Bricks MFB, Ajah, Lagos;

Susu MFB, Yaba, Lagos;

Wealthstream MFB, Apapa,  Lagos;

Aguda Titun MFB, Ogba, Lagos and Sapphire MFB, Uyo, Akwa Ibom State.

Metro MFB, Ogba, Ikeja, Lagos, Mountain Top MFB, Trade Fair Complex, Lagos;

Unyogba MFB, Ofu LGA, Kogi State; Wapo MFB, Okene, Kogi State;

Ibogun MFB, Ifo LGA, Ogun State;

Korede MFB, Igbotako, Ondo State;

Ahetou  MFB, Ogba/Egbema/Ndoni LGA, Rivers State

Fufore MFB, Yola, Adamawa State.

Onima MFB, Ezinihite Mbaise LGA, Imo State;

Hometrust (NATIONS) MFB, Nkwere, Imo State.

Ringim MFB, Ringim, Jigawa State;

Bigthana MFB, Ali Akilu Road,  Kaduna;

Rogo MFB, Rogo LGA, Kano State;

Makoda MFB, Makoda LGA, Kano;

Takai MFB, Takai LGA, Kano State;

Bebeji MFB, Bebeji  L.G.A., Kano State;

Ajingi MFB, Ajingi LGA, Kano State;

Garko MFB,  Garko, Kano;

Kangiwa MFB, Kangiwa LGA, Kebbi State;

Augie MFB, Augie LGA, Kebbi State;

Mopa  MFB, and Mopa, Kogi State.

Solid Base MFB, Ijumu LGA, Kogi State;

Ultimate Benefit MFB, Lokoja, Kogi State;

Ovidi MFB,  Okene, Kogi State;

Kirfi MFB, Kirfi LGA, Bauchi;

Wapo MFB Okene - Lokoja Road, Nagazi, Adavi LGA, Okene, Kogi State

Mountain Top MFB Progress Block, Shop A102, African Tyre Express Village, Opp. Apt Trade Fair Complex, Lagos/Badagry Expressway, Lagos