2023-05-23 | OFI/DOA/CON/OFI/005/114

Revocation of Operating Licenses

The Federal Republic of Nigeria's Official Gazette No. 94 Lagos, dated May 23, 2023, announces the revocation of operating licenses for a number of Microfinance Banks, Finance Companies, and Primary Mortgage Banks. The list of affected institutions, totaling 132, is provided in Schedules I, II, and III. The revocations are authorized by the Central Bank of Nigeria's Governor, Godwin Ifeanyi Emefiele, under the powers conferred by the Banks and Other Financial Institutions Act (BOFIA) 2020.

Nigeria

Central Bank of Nigeria

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