This is to inform the depositors, creditors, shareholders and the general public that the operating licenses of the under listed Forty-Two (42) Microfinance Banks (MFBs) have been revoked by the Central Bank of Nigeria (CBN) effective 12th November, 2020. The Nigeria Deposit Insurance Corporation (NDIC), the official Liquidator of the banks whose licenses were recently revoked, is in the process of closing the listed banks and pay their insured Depositors. We therefore request that all depositors of these banks should visit the closed banks’ addresses and meet NDIC officials for the verification of their claims, commencing from Monday, 21st December, 2020 till Thursday, 24th December, 2020:

The list of affected closed banks is as follows:
S/N | BANK | ADDRESS |
1 | HEDGEWORTH MFB | GUOBA PLAZA SUITE B06, – 171, A.E. EKUKINAM STREET, BY CHISCO, UTAKO, ABUJA |
2 | FUTURE GROWTH MFB | REAL TOWER PLAZA, PLOT 1121 OBAFEMI AWOLOWO WAY, UTAKO, ABUJA |
3 | BAGWAI MFB | BAGWAI-SHANONO ROAD, BAGWAI LGA, KANO |
4 | ERE CITY MFB | ERE-IJESHA/IIIAHUN ROAD, ERE-IJESHA, ORIADE LGA, OSUN |
5 | CAFON MFB | GARKI POLICE BARRACKS, GARKII, FCT, ABUJA |
6 | AKCOFED MFB | EKIT ITAM II (BESIDE WATER BOARD), P. O. BOX 2048, UYO, AKWA-IBOM STATE |
7 | GUFAX MFB | N0. 3 UDOTUNG UBO STREET UYO, AKWA IBOM STATE |
8 | PARTNERSHIP MFB | 107 UPPER IWEKA ROAD, ONITSHA, ANAMBRA STATE |
9 | ICB MFB | IIIAH-ASABA ROAD, OSHIMILI NORTH LGA, IIIAH, DELTA STATE |
10 | ONIMA MFB | NIPOST BUILDING, EKEOCHA ONICHA, EZINIHITTE MBAISE LGA, IMO STATE |
11 | HOMETRUST (NATIONS) MFB | 76, ORLU ROAD, NKWERE, IMO STATE |
12 | RINGIM MFB | OPP. RINGIM CENTRAL MARKET, RINGIM, JIGAWA STATE |
13 | BIGTHANA MFB | 6, ALI AKILU ROAD, KADUNA |
14 | ROGO MFB | ROGO TOWN, ROGO LGA, KANO STATE |
15 | MAKODA MFB | NO 15, KOGUNA TOWN, MAKODA LGA, KANO |
16 | TAKAI MFB | TAKAI TOWN, TAKAI LGA, KANO STATE |
17 | BEBEJI MFB | NO. 10 GIDAN IYAN, BEBEJI TOWN, BEBEJI L.G.A., KANO STATE |
18 | AJINGI MFB | NO. 10 HAKIMI STREET, AJINGI TOWN, AJINGI LGA, KANO STATE |
19 | GARKO MFB | 3, GARKO TOWN, KANO |
20 | KANGIWA MFB | KANGIWA TOWN, KANGIWA LGA, KEBBI STATE |
21 | AUGIE MFB | AUGIE TOWN, AUGIE LGA, KEBBI STATE |
22 | MOPA MFB | SILAS BAMIDELE DANIYAN HOUSE, KABBA-ILORIN ROAD, MOPA, KOGI-STATE |
23 | SOLID BASE MFB | EKIRIN ADDE, IJUMU LGA, KOGI STATE |
24 | ULTIMATE BENEFIT MFB | 150C, OKENE KABBA ROAD, LOKOJA, KOGI |
25 | OVIDI MFB | NO. 1, ATTA ROAD, OKENE, KOGI STATE |
26 | KIRFI MFB | KIRFI TOWN, KIRFI LGA, BAUCHI |
27 | CREDIT EXPRESS MFB | 27, KAKAWA STREET, LAGOS |
28 | KING SOLOMON MFB | GOD BLESS NIGERIA HOUSE, 117/119, WETSERN AVENUE, IPONRI, LAGOS |
29 | RIGGS MFB | PLOT 5, IMAN ABIB ADETORO STREET, OFF AJOSE ADEOGUN STREET, V.I., LAGOS |
30 | BILLIONAIRE BLUE BRICKS MFB | APERIN HOUSE (2ND FLOOR) BLOCK I, PLOT 27, BUDO LAYOUT AJIWE, LEKKI EPE EXPRESSWAY, AJAH, LAGOS STATE |
31 | SUSU MFB | 34, COMMERCIAL AVENUE SABO, YABA, LAGOS |
32 | WEALTHSTREAM MFB | AQUARIUS BLOCK, ELEGANZA PLAZA, GROUND FLOOR, LEFT WING 1 COMMERCIAL ROAD, APAPA, LAGOS |
33 | AGUDA TITUN MFB | 21, SHONOLA STREET, AGUDA TITUN, OGBA, LAGOS |
34 | SAPPHIRE MFB | 111, ABAK ROAD, UYO, AKWA IBOM STATE |
35 | METRO MFB | 15, OTUNUBI STREET, OFF HARUNA, OGBA, IKEJA, LAGOS |
36 | MOUNTAIN TOP MFB | PROGRESS BLOCK, SHOP A102, AFRICAN TYRE VILLAGE, OPP. APT TRADE FAIR COMPLEX, LAGOS/BADAGRY EXPRESS WAY, LAGOS |
37 | UNYOGBA MFB | 1, ALOMA ROAD, OPP. MKT. SQ., EJULE, OFU LGA, KOGI STATE |
38 | WAPO MFB | OKENE-LOKOJA ROAD, NAGAZI, ADAVI LGA, OKENE, KOGI STATE |
39 | IBOGUN MFB | IBOGUN EGBEDA, IFO LGA, OGUN STATE |
40 | KOREDE MFB | NO. 3, LUWOYE STREET, IGBOTAKO, ONDO STATE |
41 | AHETOU MFB | 26, EREMA ROAD, BYEPASS, AKABUKA, OGBA/EGBEMA/NDONI LGA, RIVERS STATE |
42 | FUFORE MFB | NO. 25 GURIN ROAD, FUFORE LGA, ADAMAWA, YOLA STATE |
For further clarification or any assistance, eligible depositors should contact the representatives of Director, Claims Resolution Department in any of the under listed centres/Zonal Offices:
S/N | OFFICE | ADDRESS | TELEPHONE NO. |
1 | Lagos Office | NDIC, NECOM House (10th Floor), 15 Marina, Lagos | 08166569995 09072412332 |
2 | Enugu Zonal Office | No. 10, Our Lord’s Street, Independence Layout, Enugu | 08033006999 |
3 | Benin | 28A/28B, Benoni Hospital Road, Off Airport Road, GRA, Benin City, Edo State | 08150999577 08150999588 08150999599 08150999600 08150999535 |
4 | Kano | Plot 458, Muhammad Muhammad Street, Off Maiduguri Road, Hotoro, GRA, Kano | 09092748222 08063932722 |
5 | Ilorin | No.12A, Sulu Gambari Road, Ilorin | 08023123185 |
6 | Bauchi | Plot No. 3, Bank Road, P.M.B. 0207, Bauchi | 094601505 |
7 | Sokoto | No. 2, Gusau Road, Opp. NNPC Mega Station, Sokoto | 08033155162 |
8 | Yola | No. 6, Numan Road, P.M.B. 2227, Jimeta, Yola, Adamawa State | 08067910599 08068418069 08067923383 09-4601515 09-4601516 |
9 | Port Harcourt | No. 104, Woji Road, Off Olu Obasanjo Road, GRA, Port Harcourt, Rivers State | 09090726737 09029150752 |
10 | Head Office Abuja | Head, Bank Examination Unit (BEU), NDIC, Abuja, 447/448, Constitution Avenue, Central Business District, Garki, Abuja | 09-4601260 09-4601261 |
Director, Claims Resolution Department,
Nigeria Deposit Insurance Corporation
Lagos Office
Necom house (10th floor)
15, Marina,
P.M.B. 12882, Lagos
Website: www.ndic.gov.ng
E-mail: claimscomplaints@ndic.gov.ng
NDIC Help Desk Toll Free Line: 080063424357
(NDIC……..PROTECTING YOUR BANK DEPOSITS)
In a statement, the NDIC said it will promptly commence the verification of claims of depositors of the affected banks from Monday, December 21, 2020.
The Nigeria Deposit Insurance Corporation (NDIC), the official liquidator of the banks whose licences were recently revoked, is in the process of closing the listed banks and paying their insured depositors,” the NDIC said.
<p class="has-drop-cap has-vivid-purple-color has-text-color" value="<amp-fit-text layout="fixed-height" min-font-size="6" max-font-size="72" height="80">Continuing, it added: “We therefore request that all depositors of these banks should visit the closed banks’ addresses and meet NDIC officials for the verification of their claims, commencing from Monday, 21st December, 2020 till Thursday, 24th December, 2020.”Continuing, it added: “We therefore request that all depositors of these banks should visit the closed banks’ addresses and meet NDIC officials for the verification of their claims, commencing from Monday, 21st December, 2020 till Thursday, 24th December, 2020.”Abiola- Edewor noted that the phenomenon had informed the concerted efforts by NDIC to continuously collaborate with the judiciary and other stakeholders in promoting sound knowledge and understanding of the deposit insurance system over the years. She said the NDIC would continue to jealously guard the relationship with the Judiciary.
She added that the current economic situation occasioned by the COVID-19 pandemic had further underscored the need to strengthen the collaboration towards enhancing the stability of the financial system. While describing judgments against the corporation for liabilities of failed banks under liquidation as another challenge confronting it, she noted that effective resolution of legal issues affecting the administration of the deposit insurance system was critical to the enhancement of safety and soundness of the banking system. She said the corporation would be looking forward to drawing from the rich knowledge and experience of the Federal High Court judges on ways of addressing these challenges.
The Chief Judge of the Federal High Court, Justice John Tsoho, noted that the seminar had gone a long way in broadening the knowledge of judges, not only in deposit insurance law and practice, but also in the workings and operations of the financial system.
He assured that this had enhanced the discharge of the judges’ duties in the last nine years that the seminar was initiated. The Administrator of the National Judicial Institute (NJI), Justice Rosaline Bozimo, in her goodwill message, stated that the seminar was aimed at consolidating on the gains of the NJI and NDIC in exposing judges to best practices in deposit insurance law in particular and the financial system in general. She was represented by the Director of Research, Mr. Gbenga Omotesho.