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CBN Revokes Licences Of 132 Microfinance, 4 Primary Mortgage Banks, 3 Finance Companies [SEE FULL LIST]

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The Central Bank of Nigeria (CBN) says it has revoked the operating licences of 132 microfinance banks, three finance companies, and four primary mortgage banks.

Godwin Emefiele, governor of the apex bank, revoked the licences of the institutions on Monday, an official gazette of the federal government said.

Emefiele revoked the licences in exercise of the powers conferred on CBN under section 12 of the Banks and Other Financial Institutions Act (BOFIA), 2020, Act No. 5.

The gazette noted that the revocation list was published in accordance with the BOFIA 2020, Act No 5.

The respective firms have ceased to carry on, in Nigeria, the type of business for which their licences were issued for a continuous period of 6 months,” the document reads.

“The firms have failed to fulfil or comply with the conditions subject to which their licences were granted; or failed to comply with the obligations imposed upon them by the Central Bank of Nigeria in accordance with the provisions of Banks and Other Financial Institutions Act (BOFIA) 2020, Act No. 5.”

Below is the list of the affected institutions.

MICROFINANCE BANKS LICENCES REVOKED

Atlas Microfinance Bank

Bluewhales Microfinance Bank

Everest Microfinance Bank

Igangan Microfinance Bank

Mainsail Microfinance Bank

Merit Microfinance Bank

Minna Microfinance Bank

Musharaka Microfinance Bank

Nopov Microfinance Bank

Ohon Microfinance Bank

Premium Microfinance Bank

Royal Microfinance Bank

Statesman Microfinance Bank

Suisse Microfinance Bank

Vibrant Microfinance Bank

Virtue Microfinance Bank

Zamare Microfinance Bank

North Capital Microfinance Bank

Chidera Microfinance Bank

Excellent Microfinance Bank

Ni’ima Microfinance Bank

Cosmopolitan Microfinance Bank

Progressive Link Microfinance Bank

Trust One Fomerly Desmonarchy

Ekuombe Microfinance Bank

First Index Microfinance Bank

Ola Microfinance Bank

Uli Microfinance Bank

Verdant Microfinance Bank

Aguleri Microfinance Bank Limited

Apeks Microfinance Bank Limited

Fahimta Microfinance Bank Limited

Manny Microfinance Bank Limited

Reality Microfinance Bank Limited

Surbpolitan Microfinance Bank Limited

Onyx Microfinance Bank Limited

Osina Microfinance Bank Limited

Olofin-Owena Microfinance Bank Limited

Zikado Microfinance Bank Limited

Prudential Cooperative Microfinance Bank Limited

Peniel Microfinance Bank Limited

Taraba Microfinance Bank Limited

Brass Microfinance Bank Limited

Michika Microfinance Bank Limited

Ndiagu Microfinance Bank Limited

Northbridge Microfinance Bank Limited

FCT Microfinance Bank Limited

Omu-Aran Microfinance Bank Limited

Cherish Microfinance Bank Limited

Bipc Microfinance Bank Limited

Danels Global Microfinance Bank Limited

Bancorp Microfinance Bank Limited

Manna Microfinance Bank Limited

Moneywise Microfinance Bank Limited

Mercury Microfinance Bank Limited

New Age Microfinance Bank Limited

Pearl Microfinance Bank Limited

Zawadi Microfinance Bank Limited

Seed Capital Microfinance Bank Limited

Eduek Microfinance Bank Limited

Eksu Microfinance Bank Limited

Dakingari Microfinance Bank Limited

Ogoja Microfinance Bank Limited

Nwabosi Microfinance Bank Limited

Nuture Microfinance Bank Limited

Active Point Microfinance Bank Limited

Amoye Microfinance Bank Limited

Boluwaduro Microfinance Bank Limited

Iyede Microfinance Bank Limited

Mayfair Microfinance Bank Limited

Calabar Microfinance Bank Limited

Ighomo Microfinance Bank Limited

Hackman Microfinance Bank Limited

Idese Microfinance Bank Limited

Bridgeway Microfinance Bank Limited

Grassroot Microfinance Bank Limited

Surelife Microfinance Bank Limited

Tijarah Microfinance Bank Limited

Ic-Global Microfinance Bank Limited

Ejiamatu Microfinance Bank Limited

Briyth Covenant Microfinance Bank Limited

Nanka Microfinance Bank Limited

Cub Microfinance Bank Limited

BFL Microfinance Bank Limited

Umunne Microfinance Bank Limited

Oroke Microfinance Bank

Alkaleri Microfinance Bank Limited

Crowned Eagle Microfinance Bank Limited

Unifa Microfinance Bank Limited

Dadinkowa Microfinance Bank Limited

Ifesowapo Microfinance Bank Limited

Oaf Microfinance Bank Limited

Bama Microfinance Bank Limited

Ngala Microfinance Bank Limited

Iwoama Microfinance Bank Limited

Kada Microfinance Bank Limited

Keffi Microfinance Bank Limited

Nut-Endwell Microfinance Bank Limited

First Multiple Microfinance Bank Limited

SBDC Microfinance Bank Limited

Oros Capital Microfinance Bank Limited

Ozizza Microfinance Bank Limited

Primera Credit Microfinance Bank Limited

Ifeanyichukwu Microfinance Bank Limited

Ihioma Microfinance Bank Limited

Josad Microfinance Bank Limited

Akpo Microfinance Bank Limited

Aiyepe Microfinance Bank Limited

ABC Microfinance Bank Limited

Star Microfinance Bank Limited

Purple Money Microfinance Bank Limited

Utuh Microfinance Bank Limited

Stallion Microfinance Bank Limited

Kjl Microfinance Bank Limited

Credit Afrique Microfinance Bank Limited

Cowries Microfinance Bank Limited

Lawebod Microfinance Bank Limited

Mabinas Microfinance Bank Limited

Business Support Microfinance Bank Limited

Ogbe-Ahiara Microfinance Bank Limited

Olofin Microfinance Bank Limited

Obosi Microfinance Bank Limited

Fiyinfolu Microfinance Bank Limited

Bishopgate Microfinance Bank Limited

Awka Microfinance Bank Limited

Zigate Microfinance Bank Limited

Esan Microfinance Bank Limited

Enugu-Ukwu Microfinance Bank Limited

Echo Microfinance Bank Limited

Ally Microfinance Bank Limited

Network Microfinance Bank Limited

Awgbu Microfinance Bank Limited

 

FINANCE COMPANIES LICENCES REVOKED

HHL Invest and Trust Limited

TFS Finance Limited

Treasures and Trust Limited

 

PRIMARY MORTGAGE BANKS LICENCES REVOKED

Resort Savings and Loans

Safetrust Mortgage Bank

Adamawa Savings and Loans

Kogi Savings and Loans

BIG STORY

Tinubu Meets PDP’s G-5 Members

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President Bola Tinubu is in a meeting with members of the defunct ‘G5 Governors’ at the Presidential Villa, Abuja.

The group made up of Oyo Governor Seyi Makinde; former Governors Nyesom Wike (Rivers); Okezie Ikpeazu (Abia); Ifeanyi Ugwuwanyi (Enugu) and Samuel Ortom (Benue) are all members of the People’s Democratic Party (PDP).

The group is considered to have been friendly with President Tinubu and contributed to his electoral victory in February.

Although the reason for the visit is yet to be known, it is believed Makinde and the former Governors would be seeking to take advantage of their cordial relationship with the President to gain political capital.

Makinde and Wike have frequented the Villa a couple of times in the last few days

 

More to come…

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BIG STORY

BREAKING: Tinubu Signs Bill Raising Judges’ Retirement Age Into Law

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President Bola Tinubu has signed into law the bill on uniform retirement age for judicial officers.

Tinubu signed the bill into law on Thursday.

More to come…

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BIG STORY

You Are A Liar, Woman Beater, Ondo Deputy Governor’s Wife, Seun Ayedatiwa Tells Husband

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The wife of the Ondo State Deputy Governor, Seun Ayedatiwa, has faulted her husband’s defence over allegation of assault, maintaining that she is a serial victim of abuse in his hand.

But the deputy Governor in a statement through his media aide, Kenneth Odusola, said he had never raised a hand to hit his wife since they got married.

He described the allegation as baseless, false, nothing but political blackmail taken too far,” to cause political unrest in the state.

But in a statement from London entitled, “My Ordeal At The Hands Of Lucky”, Mrs Ayedatiwa narrated her experience, adding that she could no longer endure his temperament.

According to her, she had endured physical, emotional, and mental abuse from her husband, beatings, torture, and constant mistreatment.

Excerpt:

“I have come across numerous comments regarding the statement released by the Women Group, the Society for Women Empowerment (SWE).

“Although I cannot ascertain the existence of the group or the true intentions behind the story, I feel it is important to express my pain for the sake of other women.

“I am a woman who deeply respects and supports my husband. Our story, like many others, has been one of grace and growth. While I am sociable, I am always mindful of my husband’s position. I have dedicated myself to nurturing our home and children, as any wife and mother would. I have done so with unwavering strength.

“Prior to Lucky’s appointment as the deputy governor, we had ongoing issues revolving around abusive behavior. Each time, he would apologize, often attributing his actions to alcohol. Our children have witnessed this on two occasions. They implored me to have him arrested, but I explained that Nigerian culture does not provide room for such measures.

“I am not happy about revealing my personal struggles publicly. It is a painful reality I must confront. I have reached the conclusion that concerted efforts must be made to eradicate the scourge of violence against women. I have endured physical, emotional, and mental abuse from my husband, beatings, torture, and constant mistreatment.

“On December 1, 2022, during a minor argument, I experienced one of the most severe beatings of my life at the hands of my husband. I was left bruised and battered, to the extent that I could not attend the birthday ceremony of Toyin Akeredolu, the younger sister of Governor Akeredolu, in Ibadan. He threatened to kill me, uttering words of disdain.

“On Friday, December 2, I traveled to Ibadan to meet with the First Lady, Chief Betty-Anyanwu Akeredolu, to report Lucky’s actions. When she saw my battered face, she was enraged. She subsequently reported Lucky to the Governor. Lucky used to be the First Lady’s favorite, but since that day, she has distanced herself from him.

“Upon returning to Akure, even with my bruised face, Lucky slapped me again. He accused me of exposing him to the Governor and First Lady. He not only slapped me but also poured Hennessy on my head, berating me as a worthless woman.

“A few days before the FOWOSO summit, I was burdened with depression and numerous issues. I had already made up my mind not to attend the program. However, Lucky approached me, pleaded, and promised never to harm me again. I had to apply heavy makeup and wear dark glasses to conceal the bruises on my face, just to attend the event.

“By the end of January, Lucky resumed his abusive behavior. As much as I am a strong supporter of his aspirations to succeed the Governor, I have consistently advised him to exhibit decorum in his public life.

“Every time I mentioned this, he dismissed it as jealousy and insecurity, showing no regard for my feelings. Disrespectful calls were frequently received at our home, especially from one Ambassador Tolu Taiwo, one of his girlfriends.

“During the first week of February, we had a conversation about his political aspirations, and I advised him to refrain from making certain remarks to people. Instead of considering my advice, he unleashed his anger on me, subjecting me to further physical abuse. He threatened to kill me and make another woman the First Lady when he becomes Governor.

“Lucky not only assaulted me but also locked me out of the house. I had to spend two nights at St. Jacob Hotel. He instructed the gatekeeper not to allow me entry. From there, I had to travel to Lagos and eventually moved to Ilesa, my hometown.

“After being locked out, my driver eventually went to the house to retrieve my bag, which contained my passport. Since then, I have relocated to London.

“I am aware that Lucky may attempt to deny this story once again. However, I urge you to question him: Why have I not refuted the allegations of his abuse?

“He is my husband, and no woman would want to falsely accuse her spouse. If he claims that all of this is untrue, ask him to call me and put our conversation on speaker. He is well aware of my position on this matter. I refuse to continue hiding and suffering in silence.

“Once again, the First Lady is fully aware of this situation.

If Lucky denies it once more, I will come out with pictures and videos, no matter how humiliating it sounds. I am taking this step because I can no longer endure this situation silently.”

 

OLUWASEUN ESTHER AIYEDATIWA

LONDON, UNITED KINGDOM

7TH JUNE, 2023.

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