The Central Bank of Nigeria (CBN) has shut down 42 microfinance banks (MfBs) after withdrawing their operating licences.
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.
