Following the revocation of the operating licenses of 46 Microfinance Banks (MFBs) by the Central Bank of Nigeria (CBN), on July 1, 2026, the Nigeria Deposit Insurance Corporation (NDIC), has been appointed as the official Liquidator, pursuant to Section 12 (2) of BOFIA 2020, and Section 55 (1 & 2) of the NDIC Act 2023.It is in this capacity that the Corporation wishes to inform the depositors of the banks in particular and the general public in general that the affected institutions are no longer authorized to conduct banking business in Nigeria.Consequently, members of the public are strongly advised against any unauthorized transaction with the closed banks, or any attempt by individuals to remove, conceal, retain, or interfere with the assets, records, or properties of the banks, as this may constitute a violation of the law that could attract appropriate legal consequences.The NDIC has commenced the process of the orderly closure of the failed banks with their immediate takeover, verification and payment of insured sums to eligible depositors.Depositors and the general public would be duly informed on an ongoing basis on further steps to be taken regarding the liquidation exercise.The list of the affected MFBs is as follows:S/NOMFB CATEGORY STATE1 Minji-Se Churchill MFB Tier 1 Rivers2 Merchant MFB Tier 2 Abia3 Janmaa MFB Tier 1 Kwara4 Busu MFB Tier 2 Niger5 Gold MFB Tier 1 Lagos6 Zain MFB (foremerly Dawakin Tofa MFB) Tier 2 Kano7 Bompai MFB Tier 1 Kano8 Ajwa MFB (Formerly Gezawa) Tier 2 Kano9 Now Now Digital MFB Tier 2 Kano10 Crystabel Microfinance Bank Tier 1 Bayelsa11 Chanelle MFB State Lagos12 Abia SME MFB Tier 1 Abia13 Kamba MFB Tier 2 Kebbi14 Iwade MFB Tier 2 Ogun15 Winview MFB Tier 1 Abuja16 Zuru MFB Tier 2 Kebbi17 Minjibir MFB Tier 1 Kano18 Shanono MFB Tier 2 Kano19 Sumaila MFB Tier 2 Kano20 Rimin Gado MFB Tier 2 Kano21 Mwaghavul MFB State Plateau22 Sycamore MFB Tier 2 Kano23 TOFA MFB Tier 2 Kano24 Safegate MFB Tier 1 Lagos25 Creekline MFB Delta Tier 226 Bestar MFB Tier 1 Oyo27 Livingspring MFB Tier 1 Cross River28 Apple MFB Tier 2 Ogun29 Stanford MFB State Uyo30 Frontline MFB Tier 2 Anambra31 Zafec MFB Tier 2 Kaduna32 Supreme MFB Tier 1 Lagos33 Bejin-Doko MFB Tier 2 Niger34 Kanopoly MFB Tier 1 Kano35 Bellbank MFB formerly Tsanyawa Tier 2 Kano36 Yeneng MFB Tier 2 Plateau37 Creditville MFB Tier 1 Lagos38 MBAG MFB Tier 1 Lagos39 STRAIGHT SAHARA MFB Tier 1 Benue40 OURPASS MFB Tier 2 Ondo41 VERDANT MFB Tier 1 Lagos42 BASAWA MFB Tier 2 Kaduna43 CASHA MFB Tier 2 Abuja44 ESTEEM MFB Tier 2 Kano45 ENTERPRENEUR MFB Tier 1 Lagos46 AVANTUS MFB Tier 2 OsunHawwau GamboHead, Communication & Public Affairs Department