CBN withdraws 42 microfinance banks licences


The Central Bank of Nigeria (CBN) has withdrawn the operating licenses of 42 microfinance banks (MfBs). The affected banks have been shut down.

The affected banks are

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;

READ ALSO:   NBS says Consumer Price Index drops by 0.87percent

ICB MFB, Ilah, Delta 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;

READ ALSO:   Searchlight on the open and public-friendly Abia State House of Assembly

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;

Credit Express MFB, Kakawa Street, Lagos;

King Solomon MFB, Western Avenue, Iponri, Lagos;

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

READ ALSO:   Former Vice President; Atiku launches online TV

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

Disclaimer: shall not be liable to Opinions, Articles or Features that doesn't emanate from any of its staff and management. We also wish to reiterate that such personal or sponsored opinion, article or feature does not reflect the views of the publishers of, but the writer's
For publication of your news content, articles, videos or any other news worthy materials, please send to | For Advert and other info, you can call 09061217047 or send a WhatsApp Message to 09061217047

Fufore MFB, Yola, Adamawa State.


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.