FULL LIST: NDIC to Compensate Depositors of 182 Liquidated Banks

The Nigeria Deposit Insurance Corporation (NDIC) has begun paying all depositors of banks affected by the recent license revocation by the Central Bank of Nigeria (CBN).

The affected banks include 178 Microfinance Banks and four Primary Mortgage Banks, 62 of which had already stopped operations, and 74 were declared insolvent.

At the same time, 12 were temporarily distressed, and the remaining six were voluntarily liquidated.

NDIC begins process of paying closed bank customers, assures of stability of financial system in Nigeria.

The Managing Director of NDIC, Bello Hassan, gave the assurance recently that the Corporation has commenced the process of paying depositors of the affected banks, while assuring of stability of the financial system in Nigeria.

He stated this while speaking at a two-day capacity-building workshop organized in partnership with the Bureau of Public Procurement held at Four Points By Sheraton in Ikot Ekpene.

The NDIC boss was represented by the Executive Director of Operations, Mustapha Ibrahim. He said that the Corporation would not compromise on standards and would ensure that the public would not panic over the safety of bank deposits.

The NDIC MD revealed that the Corporation would continue to strengthen the financial system to support Nigeria’s economic advancement and contribute meaningfully to the financial system and its stability.

According to the NDIC boss, the role of the Corporation is to continue to play a critical part in the financial safety net arrangement of Nigeria’s banking system as a deposit insurer.

He said: “Following the recent revocation of the licenses of 178 Microfinance Banks and four Primary Mortgage Banks by the Central Bank of Nigeria, the Nigeria Deposit Insurance Corporation has since commenced the liquidation exercise with the primary purpose of paying the guaranteed sum, recovery of debts owed the banks, sale of physical assets and payment of liquidation dividend on the uninsured sum.

“The NDIC is hereby assuring depositors of the closed banks of speedy payment of their insured sums.”

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