Home » Business » NDIC Releases Full List of 182 Liquidated Banks, Depositors to be Compensated

NDIC Releases Full List of 182 Liquidated Banks, Depositors to be Compensated

by Vicky Oselumese
0 comment
NDIC Releases Full List of 182 Liquidated Banks, Depositors to be Compensated

The Nigeria Deposit Insurance Corporation (NDIC) has started compensating depositors of banks that were affected by the recent license revocation by the Central Bank of Nigeria (CBN).

A total of 182 banks were liquidated, including 178 Microfinance Banks and four Primary Mortgage Banks.

Out of these, 62 had already ceased operations, 74 were declared insolvent, 12 were temporarily distressed, and the remaining six were voluntarily liquidated.

The NDIC is committed to ensuring the stability of the financial system and the safety of bank deposits.

The Corporation will pay the guaranteed sums to depositors and work towards recovering debts owed by the closed banks.

The liquidation process will also involve the sale of physical assets and payment of liquidation dividends on the uninsured sums.

The NDIC aims to strengthen the financial system and contribute to Nigeria’s economic advancement.

LIST OF MICROFINANCE BANKS LICENCES REVOKED

  1. EVANGEL MICROFINANCE BANK
  2. DOMINION MICROFINANCE BANK
  3. ANYA MICROFINANCE BANK
  4. AKWENGWU MICROFINANCE BANK
  5. FADAMA FARMERS MICROFINANCE BANK
  6. SAL-FOL MICROFINANCE BANK
  7. MAUTECH MICROFINANCE BANK
  8. WASE MICROFINANCE BANK
  9. SMARTMICRO MICROFINANCE BANK
  10. AMBA MICROFINANCE BANK
  11. BRIDGE HOUSE MICROFINANCE BANK
  12. MONEY WELL MICROFINANCE BANK
  13. OTUKPO MICROFINANCE BANK
  14. OLOGBON MICROFINANCE BANK
  15. BESTWAY MICROFINANCE BANK
  16. BIYAMA MICROFINANCE BANK
  17. GREENLAND MICROFINANCE BANK
  18. FASILDAPO MICROFINANCE BANK
  19. SUNRISE MICROFINANCE BANK
  20. JOINT FARMERS MICROFINANCE BANK
  21. PROLIFIC MICROFINANCE BANK
  22. HALMOND MICROFINANCE BANK
  23. AJIKOBI MICROFINANCE BANK
  24. KOGI MICROFINANCE BANK
  25. EYOWO MICROFINANCE BANK
  26. ARISE MICROFINANCE BANK
  27. ISI-AKU MICROFINANCE BANK
  28. BMAZAZHIN MICROFINANCE BANK
  29. INI MICROFINANCE BANK
  30. NARICT MICROFINANCE BANK
  31. INTERLAND MICROFINANCE BANK
  32. EHOR MICROFINANCE BANK
  33. BIBAJINRE MICROFINANCE BANK
  34. GOLDEN FUNDS MICROFINANCE BANK
  35. GWADABAWA MICROFINANCE BANK
  36. IBA MICROFINANCE BANK
  37. EDUMANA MICROFINANCE BANK
  38. WEST-END MICROFINANCE BANK
  39. UMEJEI MICROFINANCE BANK
  40. MOUAU VASMUCS MICROFINANCE BANK
  41. JAMIS MICROFINANCE BANK
  42. NEW WORLD MICROFINANCE BANK
  43. ABESTONE MICROFINANCE BANK
  44. NSEHE MICROFINANCE BANK
  45. OSOGBO MICROFINANCE BANK
  46. CROSSOVER MICROFINANCE BANK
  47. DANGIZHI MICROFINANCE BANK
  48. ATLAS MICROFINANCE BANK
  49. BLUEWHALES MICROFINANCE BANK
  50. EVEREST MICROFINANCE BANK
  51. IGANGAN MICROFINANCE BANK
  52. MAINSAIL MICROFINANCE BANK
  53. MERIT MICROFINANCE BANK
  54. MINNA MICROFINANCE BANK
  55. MUSHARAKA MICROFINANCE BANK
  56. NOPOV MICROFINANCE BANK
  57. OHON MICROFINANCE BANK
  58. PREMIUM MICROFINANCE BANK
  59. ROYAL MICROFINANCE BANK
  60. STATESMAN MICROFINANCE BANK
  61. SUISSE MICROFINANCE BANK
  62. VIBRANT MICROFINANCE BANK
  63. VIRTUE MICROFINANCE BANK
  64. ZAMARE MICROFINANCE BANK
  65. NORTH CAPITAL MICROFINANCE BANK
  66. CHIDERA MICROFINANCE BANK
  67. EXCELLENT MICROFINANCE BANK
  68. NI’IMA MICROFINANCE BANK
  69. COSMOPOLITAN MICROFINANCE BANK
  70. PROGRESSIVE LINK MICROFINANCE BANK
  71. TRUST ONE (FORMERLY DESMONARCHY) EKUOMBE MICROFINANCE BANK
  72. FIRST INDEX MICROFINANCE BANK
  73. OLA MICROFINANCE BANK
  74. ULI MICROFINANCE BANK
  75. VERDANT MICROFINANCE BANK
  76. AGULERI MICROFINANCE BANK
  77. LIMITED APEKS MICROFINANCE BANK LIMITED
  78. FAHIMTA MICROFINANCE BANK LIMITED
  79. MANNY MICROFINANCE BANK LIMITED
  80. REALITY MICROFINANCE BANK LIMITED
  81. SURBPOLITAN MICROFINANCE BANK LIMITED
  82. ONYX MICROFINANCE BANK LIMITED
  83. OSINA MICROFINANCE BANK LIMITED
  84. OLOFIN-OWENA MICROFINANCE BANK LIMITED
  85. ZIKADO MICROFINANCE BANK LIMITED
  86. PRUDENTIAL CO-OPERATIVE MICROFINANCE BANK LIMITED
  87. PENIEL MICROFINANCE BANK LIMITED
  88. TARABA MICROFINANCE BANK LIMITED
  89. BRASS MICROFINANCE BANK LIMITED
  90. MICHIKA MICROFINANCE BANK LIMITED
  91. NDIAGU MICROFINANCE BANK LIMITED
  92. NORTHBRIDGE MICROFINANCE BANK LIMITED
  93. FCT MICROFINANCE BANK LIMITED
  94. OMU-ARAN MICROFINANCE BANK LIMITED
  95. CHERISH MICROFINANCE BANK LIMITED
  96. BIPC MICROFINANCE BANK LIMITED
  97. DANIELS GLOBAL MICROFINANCE BANK LIMITED
  98. BANCORP MICROFINANCE BANK LIMITED
  99. MANNA MICROFINANCE BANK LIMITED
  100. MONEYWISE MICROFINANCE BANK LIMITED
  101. MERCURY MICROFINANCE BANK LIMITED
  102. NEW AGE MICROFINANCE BANK LIMITED
  103. PEARL MICROFINANCE BANK LIMITED
  104. ZAWADI MICROFINANCE BANK LIMITED
  105. SEED CAPITAL MICROFINANCE BANK LIMITED
  106. EDUEK MICROFINANCE BANK LIMITED
  107. EKSU MICROFINANCE BANK LIMITED
  108. DAKINGARI MICROFINANCE BANK LIMITED
  109. OGOJA MICROFINANCE BANK LIMITED
  110. NWABOSI MICROFINANCE BANK LIMITED
  111. NUTURE MICROFINANCE BANK LIMITED
  112. ACTIVE POINT MICROFINANCE BANK LIMITED
  113. AMOYE MICROFINANCE BANK LIMITED
  114. BOLUWADURO MICROFINANCE BANK LIMITED
  115. IYEDE MICROFINANCE BANK LIMITED
  116. MAYFAIR MICROFINANCE BANK LIMITED
  117. CALABAR MICROFINANCE BANK LIMITED
  118. IGHOMO MICROFINANCE BANK LIMTED
  119. HACKMAN MICROFINANCE BANK LIMITED
  120. IDESE MICROFINANCE BANK LIMITED
  121. BRIDGEWAY MICROFINANCE BANK LIMITED
  122. GRASSROOT MICROFINANCE BANK LIMITED
  123. SURELIFE MICROFINANCE BANK LIMITED
  124. TIJARAH MICROFINANCE BANK LIMITED
  125. IC-GLOBAL MICROFINANCE BANK LIMITED
  126. EJIAMATU MICROFINANCE BANK LIMITED
  127. BRIYTH COVENANT MICROFINANCE BANK LIMITED
  128. NANKA MICROFINANCE BANK LIMITED
  129. CUB MICROFINANCE BANK LIMITED
  130. BFL MICROFINANCE BANK LIMITED
  131. UMUNNE MICROFINANCE BANK LIMITED
  132. OROKE MICROFINANCE BANK
  133. ALKALERI MICROFINANCE BANK LIMITED
  134. CROWNED EAGLE MICROFINANCE BANK LIMITED
  135. UNIFA MICROFINANCE BANK LIMITED
  136. DADINKOWA MICROFINANCE BANK LIMITED
  137. IFESOWAPO MICROFINANCE BANK LIMITED
  138. OAF MICROFINANCE BANK LIMITED
  139. BAMA MICROFINANCE BANK LIMITED
  140. NGALA MICROFINANCE BANK LIMITED
  141. IWOAMA MICROFINANCE BANK LIMITED
  142. KADA MICROFINANCE BANK LIMITED
  143. KEFFI MICROFINANCE BANK LIMITED
  144. NUT-ENDWELL MICROFINANCE BANK LIMITED
  145. FIRST MULTIPLE MICROFINANCE BANK LIMITED
  146. SBDC MICROFINANCE BANK LIMITED
  147. OROS CAPITAL MICROFINANCE BANK LIMITED
  148. OZIZZA MICROFINANCE BANK LIMITED
  149. PRIMERA CREDIT MICROFINANCE BANK LIMITED
  150. IFEANYICHUKWU MICROFINANCE BANK LIMITED
  151. IHIOMA MICROFINANCE BANK LIMITED
  152. JOSAD MICROFINANCE BANK LIMITED
  153. AKPO MICROFINANCE BANK LIMITED
  154. AIYEPE MICROFINANCE BANK LIMITED
  155. ABC MICROFINANCE BANK LIMITED
  156. STAR MICROFINANCE BANK LIMITED
  157. PURPLE MONEY MICROFINANCE BANK LIMITED
  158. UTUH MICROFINANCE BANK LIMITED
  159. STALLION MICROFINANCE BANK LIMITED
  160. KJL MICROFINANCE BANK LIMITED
  161. CREDIT AFRIQUE MICROFINANCE BANK LIMITED
  162. COWRIES MICROFINANCE BANK LIMITED
  163. LAWEBOD MICROFINANCE BANK LIMITED
  164. MABINAS MICROFINANCE BANK LIMITED
  165. BUSINESS SUPPORT MICROFINANCE BANK LIMITED
  166. OGBE-AHIARA MICROFINANCE BANK LIMITED
  167. OLOFIN MICROFINANCE BANK LIMITED
  168. OBOSI MICROFINANCE BANK LIMITED
  169. FIYINFOLU MICROFINANCE BANK LIMITED
  170. BISHOPSGATE MICROFINANCE BANK LIMITED
  171. AWKA MICROFINANCE BANK LIMITED
  172. ZIGATE MICROFINANCE BANK LIMITED
  173. ESAN MICROFINANCE BANK LIMITED
  174. ENUGU-UKWU MICROFINANCE BANK LIMITED
  175. ECHO MICROFINANCE BANK LIMITED
  176. ALLY MICROFINANCE BANK LIMITED
  177. NETWORK MICROFINANCE BANK LIMITED
  178. AWGBU MICROFINANCE BANK LIMITED

LIST OF PRIMARY MORTGAGE BANKS LICENCES REVOKED

  1. RESORT SAVINGS & LOANS
  2. SAFETRUST MORTGAGE BANK
  3. ADAMAWA SAVINGS & LOANS
  4. KOGI SAVINGS & LOANS

This article was updated 1 month ago

BEFORE YOU GO...

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Copyright © – 2024 CIV DigiTech Media Ltd. All Rights Reserved