FULL LIST: NDIC is concluding liquidation of these microfinance, mortgage banks

The Nigeria Deposit Insurance Corporation (NDIC) has released the list of 89 closed Microfinance Banks (MFBs) and Primary Mortgage Banks (PMBs) as it moves to conclude their liquidation process.

The NDIC said on Wednesday that it is concluding the liquidation activities of 89 closed MFBs and PMBs following their successful acquisition by new owners.

According to the NDIC, the successful acquisition was carried out under the Purchase and Assumption (P&A) resolution model executed by the corporation.

The NDIC clarified that the 89 closed banks were part of the 179 MFBs and 4 PMBs whose banking licenses were revoked by the Central Bank of Nigeria (CBN) on 22-23 May 2023.

It added that the CBN issued licenses to 89 new eligible institutions to acquire the assets and liabilities of the defunct banks.

The corporation also stated that the new licensed institutions have commenced operations under new names.

“Through the ‘Purchase and Assumption’ agreements, 89 new eligible institutions were issued licenses by the CBN to acquire the assets and liabilities of the defunct banks and have since commenced operations under new names,” the NDIC stated.

Find the full list of defunct banks, the newly assumed banks and their respective locations below.

S/N

OLD NAME

NEW NAME

LOCATION

1

MOUAU VASMUCS MICROFINANCE BANK LIMITED

MOVASCO-OP MICROFINANCE BANK LIMITED

ABIA

2

EDUEK MICROFINANCE BANK LIMITED

MINT MICROFINANCE BANK LIMITED

AKWA IBOM

3

INI MICROFINANCE BANK LIMITED

UFORO MICROFINANCE BANK LIMITED

AKWA IBOM

4

NSEHE MICROFINANCE BANK LIMITED

VISTA MICROFINANCE BANK LIMITED

AKWA IBOM

5

ZAWADI MICROFINANCE BANK LIMITED

ZITRA MICROFINANCE BANK LIMITED

AKWA IBOM

6

AKPO MICROFINANCE BANK LIMITED

OGANIRU MICROFINANCE BANK LIMITED

ANAMBRA

7

ANYA MICROFINANCE BANK LIMITED

PIONNER (DIOHAUNOEGO) MICROFINANCE BANK LIMITED

ANAMBRA

8

AWKA MICROFINANCE BANK LIMITED

PLANTINUM MICROFINANCE BANK LIMITED

ANAMBRA

9

ENUGWU-UKWU MICROFINANCE BANK LIMITED

UMUNRI MICROFINANCE BANK LIMITED

ANAMBRA

10

ISI-AKU MICROFINANCE BANK LIMITED

ISIEGO MICROFINANCE BANK LIMITED

ANAMBRA

11

OBOSI MICROFINANCE BANK LIMITED

ADIKE MICROFINANCE BANK LIMITED

ANAMBRA

12

CUB MICROFINANCE BANK LIMITED

UNICOOP MICROFINANCE BANK LIMITED

DELTA

13

UMEJEI MICROFINANCE BANK LIMITED

KOLISA MICROFINANCE BANK LIMITED

DELTA

14

ABC MICROFINANCE BANK LIMITED

OKADA MICROFINANCE BANK LIMITED

EDO

15

EHOR MICROFINANCE BANK LIMITED

EHINOMA MICROFINANCE BANK LIMITED

EDO

16

ESAN MICROFINANCE BANK LIMITED

.

UBJ MICROFINANCE BANK LIMITED

EDO

17

AMOYE MICROFINANCE BANK LIMITED

IKERE MICROFINANCE BANK LIMITED

EKITI

18

GOLDENFUNDS MICROFINANCE BANK LIMITED

ROYAL EXCELLENT MICROFINANCE BANK LIMITED

ENUGU

19

EVANGEL MICROFINANCE BANK LIMITED

VANGEL MICROFINANCE BANK LIMITED

IMO

20

GREENLAND MICROFINANCE BANK LIMITED

5TT MICROFINANCE BANK LIMITED

.

IMO

21

ARISE MICROFINANCE BANK LIMITED

SHINE MICROFINANCE BANK LIMITED

LAGOS

22

BANCCORP MICROFINANCE BANK LIMITED

BLOC MICROFINANCE BANK LIMITED

LAGOS

23

BISHOPGATE MICROFINANCE BANK LIMITED

ADVANCLY MICROFINANCE BANK LIMITED

LAGOS

24

BRIDGEWAY MICROFINANCE BANK LIMITED

BWAY MICROFINANCE BANK LIMITED

LAGOS

25

BRIYTH COVENANT MICROFINANCE BANK LIMITED

WESTON–CHARIS MICROFINANCE BANK LIMITED

LAGOS

26

CREDIT AFRIQUE MICROFINANCE BANK LIMITED

KAIZEN MICROFINANCE BANK LIMITED

LAGOS

27

ECHO MICROFINANCE BANK LIMITED

PLUS ONE MICROFINANCE BANK LIMITED

LAGOS

28

EYOWO MICROFINANCE BANK LIMITED

ENTREPRENEUR MICROFINANCE BANK LIMITED

LAGOS

29

FIYINFOLU MICROFINANCE BANK LIMITED

TEERUS MICROFINANCE BANK LIMITED

LAGOS

30

HACKMAN MICROFINANCE BANK LIMITED

LIGHTWAY MICROFINANCE BANK LIMITED

LAGOS

31

HALMOND MICROFINANCE BANK LIMITED

CASA MICROFINANCE BANK LIMITED

LAGOS

32

MANNA MICROFINANCE BANK LIMITED

SAVESIMPLE MICROFINANCE BANK LIMITED

LAGOS

33

MANNY MICROFINANCE BANK LIMITED

SILVEREND MICROFINANCE BANK LIMITED

LAGOS

34

MAYFAIR MICROFINANCE BANK LIMITED

OPTIMUN GLOBAL MICROFINANCE BANK LIMITED

LAGOS

35

MERCURY MICROFINANCE BANK LIMITED

DASH MICROFINANCE BANK LIMITED

LAGOS

36

MONEYWISE MICROFINANCE BANK LIMITED

INDULGE MICROFINANCE BANK LIMITED

LAGOS

37

NETWORK MICROFINANCE BANK LIMITED

UNICORN MICROFINANCE BANK LIMITED

LAGOS

38

NUTURE MICROFINANCE BANK LIMITED

MBAG MICROFINANCE BANK LIMITED

LAGOS

39

ONYX MICROFINANCE BANK LIMITED

DIGITVANT MICROFINANCE BANK LIMITED

LAGOS

40

OROS CAPITAL MICROFINANCE BANK LIMITED

EZPAY MICROFINANCE BANK LIMITED

LAGOS

41

PENIEL MICROFINANCE BANK LIMITED

ZIRCON MICROFINANCE BANK LIMITED

LAGOS

42

PRIMERA MICROFINANCE BANK LIMITED

KOINS MICROFINANCE BANK LIMITED

LAGOS

43

PURPLE MONEY MICROFINANCE BANK LIMITED

WILLOWS MICROFINANCE BANK LIMITED

LAGOS

44

STALLION MICROFINANCE BANK LIMITED

SPRINGFIELD MICROFINANCE BANK LIMITED

LAGOS

45

SUNRISE MICROFINANCE BANK LIMITED

STABLE MICROFINANCE BANK LIMITED

LAGOS

46

SURBPOLITAN MICROFINANCE BANK LIMITED

CHARIS MICROFINANCE BANK LIMITED

LAGOS

47

VERDANT-CAPITAL MICROFINANCE BANK LIMITED

VERDANT MICROFINANCE BANK LIMITED

LAGOS

48

ZIKADO MICROFINANCE BANK LIMITED

AVEST MICROFINANCE BANK LIMITED

LAGOS

49

AIYEPE MICROFINANCE BANK LIMITED

SPRINGVILLE MICROFINANCE BANK LIMITED

OGUN

50

INTERLAND MICROFINANCE BANK LIMITED

NEXTON MICROFINANCE BANK LIMITED

OGUN

51

STAR MICROFINANCE BANK LIMITED

SOSA MICROFINANCE BANK LIMITED

OGUN

52

ZIGATE MICROFINANCE BANK LIMITED

KATSU MICROFINANCE BANK LIMITED

OGUN

53

FASILIDAPO MICROFINANCE BANK LIMITED

OURPASS MICROFINANCE BANK LIMITED

ONDO

54

NEWAGE MICROFINANCE BANK LIMITED

CASHBRITE MICROFINANCE BANK LIMITED

ONDO

55

BOLUWADURO MICROFINANCE BANK LIMITED

AFOLE MICROFINANCE BANK LIMITED

OSUN

56

IBA MICROFINANCE BANK LIMITED

BANKEASY MICROFINANCE BANK LIMITED

OSUN

57

IDESE MICROFINANCE BANK LIMITED

SOFAJ MICROFINANCE BANK LIMITED

OSUN

58

OLA MICROFINANCE BANK LIMITED

RUN MICROFINANCE BANK LIMITED

OSUN

59

OLOFIN MICROFINANCE BANK LIMITED

DSC MICROFINANCE BANK LIMITED

OSUN

60

OLOFIN-OWENA MICROFINANCE BANK LIMITED

AVANTUS MICROFINANCE BANK LIMITED

OSUN

61

OSOGBO MICROFINANCE BANK LIMITED

BOLD MICROFINANCE BANK LIMITED

OSUN

62

FIRSTINDEX MICROFINANCE BANK LIMITED

RICIA CAPITAL MICROFINANCE BANK LIMITED

OYO

63

JOINT FARMERS MICROFINANCE BANK LIMITED

TELLERONE FI MICROFINANCE BANK LIMITED

OYO

64

OLOGBON MICROFINANCE BANK LIMITED

AKATA MICROFINANCE BANK LIMITED

OYO

65

IWOAMA MICROFINANCE BANK LIMITED

TENN BANK LIMITED

RIVERS

66

ADAMAWA HOMES & SAVINGS LTD

ADAMAWA MORTGAGE BANK LTD

ADAMAWA

67

MAUTECH MICROFINANCE BANK LIMITED

MODIBBO ADAMA UNIVERSITY MICROFINANCE BANK LIMITED

ADAMAWA

68

MICHIKA MICROFINANCE BANK LIMITED

PREMIER MICROFINANCE BANK LIMITED

ADAMAWA

69

BIYAMA MICROFINANCE BANK LIMITED

DABTIKIR MICROFINANCE BANK LIMITED

ADAMAWA

70

MUSHARAKA MICROFINANCE BANK LIMITED

MUAMALA MICROFINANCE BANK LIMITED

NIGER

71

DANGIZHI MICROFINANCE BANK LIMITED

METRO EXPRESS NETWORK MICROFINANCE BANK LIMITED

NIGER

72

EDUMANA MICROFINANCE BANK LIMITED

EDUSOKO MICROFINANCE BANK LIMITED

NIGER

73

MAINSAIL MICROFINANCE BANK LIMITED

DUXBANK MICROFINANCE BANK LIMITED

FCT

74

ALLY MICROFINANCE BANK LIMITED

ULTRAVIOLET MICROFINANCE BANK LIMITED

FCT

75

BUSINESS SUPPORT MICROFINANCE BANK LIMITED

TRANSPAY MICROFINANCE BANK LIMITED

FCT

76

THE DANIELS GLOBAL MICROFINANCE BANK LIMITED

SWIFTTRUST MICROFINANCE BANK LIMITED

FCT

77

FIRST MULTIPLE MICROFINANCE BANK LIMITED

KOBOWEB MICROFINANCE BANK LIMITED

FCT

78

GRASSROOTS MICROFINANCE BANK LIMITED

MIA MICROFINANCE BANK LIMITED

KANO

79

BLUEWHALES MICROFINANCE BANK LIMITED

ELLINGTON MICROFINANCE BANK LIMITED

PLATEAU

READ ALSO: NDIC to conclude liquidation of 89 microfinance banks, others

80

JOSAD MICROFINANCE BANK LIMITED

PAYREP MICROFINANCE BANK LIMITED

NASARAWA

81

BIPC MICROFINANCE BANK LIMITED

NOVUS MICROFINANCE BANK LIMITED

BENUE

82

JAMIS MICROFINANCE BANK LIMITED

STRAIT SAHARA MICROFINANCE BANK LIMITED

BENUE

83

NARICT MICROFINANCE BANK LIMITED

BASAWA MICROFINANCE BANK LIMITED

KADUNA

84

FAHIMTA MICROFINANCE BANK LIMITED

CEDRUS MICROFINANCE BANK LIMITED

KADUNA

85

MABINAS MICROFINANCE BANK LIMITED

AL’HIKMA MICROFINANCE BANK LIMITED

KADUNA

86

NEW WORLD MICROFINANCE BANK LIMITED

BKD NEW MICROFINANCE BANK LIMITED

JIGAWA

87

NORTHBRIDGE MICROFINANCE BANK LIMITED

ESTEEM MICROFINANCE BANK LIMITED

KANO

88

OMU-ARAN MICROFINANCE BANK LIMITED

OLOMU APERAN MICROFINANCE BANK LIMITED

KWARA

89

CHERISH MICROFINANCE BANK LIMITED

COOL MICROFINANCE BANK LIMITED

KATSINA