42 Microfinance Banks Shut Down By CBN (Full List)

42 Microfinance Banks Shut Down By CBN.

The Central Bank of Nigeria (CBN) has disclosed the revoking of the operating licenses of 42 microfinance banks in the country.

This was made known on Friday in a statement titled ‘Notice of closure of 42 microfinance banks’, by the Nigeria Deposit Insurance Corporation (NDIC).

The statement read:

 “This is to inform the depositors, creditors, shareholders and the general public that the operating licences of the under listed 42 microfinance banks have been revoked by the Central Bank of Nigeria effective 12th November, 2020.

 “The Nigeria Deposit Insurance Corporation, the official liquidator of the banks whose licences were recently revoked, is in the process of closing the listed banks and pay their insured depositors.

 “We, 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 NDIC listed the names and addresses of the affected Micro Finance Banks.

Here is the full names and address of all the 42 Micro-Finance Banks.