List of microfinance banks, others whose licences CBN revoked

The Central Bank of Nigeria has revoked the operating licenses of 132 Microfinance banks, four primary mortgage banks and three finance companies in Nigeria.

The Official Gazette of Nigeria, obtained from CBN’s website, disclosed this on Tuesday.

The publication stated that the licenses of the financial institutions and companies were revoked because they ceased to carry on their business in Nigeria for a period of six months.

The country’s apex bank said that the institutions and companies failed to fulfil or comply with the conditions with which their licenses were given.

It added that the revocation of the institution’s and companies’ licenses is in line with the provision of the Banks and Other Financial Institutions Act, BOFIA 2020, Section 12, Act No.5.

LIST OF MICROFINANCE BANKS LICENCES REVOKED
S/No. Name

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. 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