The Central Bank of Nigeria (CBN) has withdrawn the operating licenses of 42 microfinance banks (MfBs).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;
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;
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;
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.