CBN Revokes Operating Licenses Of 46 MfBs For Regulatory Requirements Failure
The Central Bank of Nigeria (CBN) has revoked the operating licenses of 46 Microfinance Banks (MfBs) with effect from July 1. This is contained in a statement issued by Mrs Hakama Sidi-Ali , the Acting Director, Corporate Communications Department of the apex bank on Wednesday in Abuja. Sidi-Ali said that the action was in accordance…