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Just in: 87 Nigerian banks revoked by CBN to go under NDIC hammer
The Nigerian Deposit Insurance Corporation (NDIC) will, at the expiration of its notice released on August 23, 2024, approach a Federal High Court to grant the order to dissolve 87 microfinance banks and primary mortgage banks in the country.
The Corporation disclosed this in a statement titled “Notice of intention to terminate liquidation activities” published on its website.
The statement reads, “NOTICE is hereby given to the General Public that the Nigeria Deposit Insurance Corporation (NDIC), in its capacity as the Liquidator of the under-listed closed Microfinance Banks and Primary Mortgage Institutions, in accordance with the provisions of its enabling law and other relevant laws, will at the expiration of thirty (30) days from the date of this publication present an application to the Federal High Court to obtain dissolution orders of the closed banks and to release/discharge Corporation as Liquidator of the banks.”
SEE LIST: NDIC to liquidate 87 Nigerian banks revoked by CBN
The Nigerian Deposit Insurance Corporation (NDIC) will, at the expiration of its notice released on August 23, 2024, approach a Federal High Court to grant the order to dissolve 87 microfinance banks and primary mortgage banks in the country.
The Corporation disclosed this in a statement titled “Notice of intention to terminate liquidation activities” published on its website.
The statement reads, “NOTICE is hereby given to the General Public that the Nigeria Deposit Insurance Corporation (NDIC), in its capacity as the Liquidator of the under-listed closed Microfinance Banks and Primary Mortgage Institutions, in accordance with the provisions of its enabling law and other relevant laws, will at the expiration of thirty (30) days from the date of this publication present an application to the Federal High Court to obtain dissolution orders of the closed banks and to release/discharge Corporation as Liquidator of the banks.”
See Affected Banks and their dates of licence revocation
1. Galilee MFB, Abuja – 26 September 2018
2. Pinnacle MFB, Abuja – 4 February 2014
3. Royal Children Heritage MFB, Abuja – 26 September 2018
4. Savings Corp MFB, Abuja – 26 September 2018
5. Spec MFB, Abuja – 26 September 2018
6. Imad MFB, Abuja – 26 September 2018
7. Ihima MFB, Kogi – 4 February 2014
8. Liberty MFB, Kogi – 26 September 2018
9. Ovidi MFB, Kogi – 24 November 2020
10. New Mercantile MFB, Abuja – 4 February 2014
11. Altitude MFB, Lagos – 26 September 2018
12. Bonded MFB, Lagos – 26 September 2018
13. Hybrid MFB, Lagos – 26 September 2018
14. Mar-Bonch MFB, Lagos – 26 September 2018
15. Coral MFB, Lagos – 26 September 2018
16. Lasu MFB, Lagos – 26 September 2018
17. Shoreline MFB, Lagos – 26 September 2018
18. Sovereign MFB, Lagos – 26 September 2018
19. Wealthbasket MFB, Lagos – 26 September 2018
20. EDS MFB, Lagos – 4 February 2014
21. Compass MFB, Lagos – 4 February 2014
22. Enterprise MFB, Lagos – 4 February 2014
23. Freegate MFB, Lagos – 4 February 2014
24. Funds Matrix MFB, Lagos – 4 February 2014
25. Green Field MFB, Lagos – 4 February 2014
26. Interglobal MFB, Lagos – 4 February 2014
27. Kings MFB, Lagos – 4 February 2014
28. Keystone MFB, Lagos – 4 February 2014
29. Vinning MFB, Lagos – 4 February 2014
30. Marvelous MFB, Lagos – 26 September 2018
31. Santrust MFB, Lagos – 26 September 2018
32. TSM MFB, Lagos – 26 September 2018
33. Biztrust MFB, Lagos – 26 September 2018
34. Gideon Trust MFB, Lagos – 26 September 2018
35. Ethics MFB, Lagos – 26 September 2018
36. First Credit MFB, Lagos – 26 September 2018
37. Gapbridge MFB, Lagos – 26 September 2018
38. New Gate MFB, Lagos – 24 September 2010
39. Primate MFB, Lagos – 24 September 2010
40. Mustason MFB, Lagos – 24 September 2010
41. Mustard MFB, Lagos – 26 September 2018
42. Southwest MFB, Lagos – 24 September 2010
43. Trust One MFB, Lagos – 23 May 2023
44. Traders MFB, Lagos – 4 February 2014
45. Citiserve MFB, Lagos – 4 February 2014
46. SVP MFB, Rivers – 4 February 2014
47. CKC MFB, Rivers – 4 February 2014
48. Acorn MFB, Rivers – 4 February 2014
49. Aracom MFB, Ondo – 4 February 2014
50. Homeland MFB, Bayelsa – 24 September 2010
51. First Golden Mercury MFB, Osun – 4 February 2014
52. Cubic MFB, Edo – 24 September 2010
53. Solace MFB, Delta – 4 February 2010
54. Top Mega Trust MFB, Delta – 4 February 2014
55. Advance MFB, Akwa Ibom – 26 September 2018
56. Umu-Uma MFB, Anambra – 4 February 2014
57. First Amalgamated B/S, Kwara – 5 January 2015
58. Horizon Building Society, Abuja – 6 August 2012
59. Imani Savings & Loans, Abuja – 6 August 2012
60. New Capital Savings & Loans, Abuja – 6 August 2012
61. Owners Home S & L, Abuja – 6 August 2012
62. Perennial Building Society, Abuja – 6 August 2012
63. Primrose Savings & Loans, Abuja – 6 August 2012
64. Global Building Society (Confluence S&L), Abuja – 5 January 2015
65. Melrose Savings & Loans, Abuja – 6 August 2012
66. Acclaim Homes and Loans, Lagos – 6 August 2012
67. CB Homes Savings and Loans, Lagos – 6 August 2012
68. Coastal Homes Savings and Loans, Lagos – 6 August 2012
69. Crest Mortgage Savings and Loans, Lagos – 6 August 2012
70. Estaport Building Society, Lagos – 6 August 2012
71. Guardian Trust S & L, Lagos – 6 August 2012
72. Home Trust Savings and Loans, Lagos – 6 August 2012
73. Mars Home Investment Savings and Loans, Lagos – 6 August 2012
74. Omono Building Society, Lagos – 6 August 2012
75. Secure Savings and Loans, Lagos – 6 August 2012
76. Urban Shelter Savings and Loans, Lagos – 6 August 2012
77. Consolidated Estate Building Society, Lagos – 5 January 2015
78. Home Foundation Savings and Loans, Lagos – 5 January 2015
79. Password Savings and Loans, Lagos – 5 January 2015
80. Supreme Savings and Loans, Lagos – 1 October 2018
81. Midland Mortgages, Rivers – 5 January 2015 (Self-liquidation)
82. Garden City MFB, Rivers – 26 September 2018 (Self-liquidation)
83. Combined Benefit MFB, Bayelsa – 4 February 2014 (Self-liquidation)
84. Corporate MFB, Oyo – 4 February 2014 (Self-liquidation)
85. Lofty Heights MFB, Edo – 4 February 2014 (Self-liquidation)
86. Express MFB, Abia – 4 February 2014 (Self-liquidation)
87. Multi-Banc Savings and Loans, Lagos – 5 January 2015 (Self-liquidation)
Alhaji Ibrahim Galadima, a former Chairman of the Nigeria Football Association (NFA), died on Saturday after a prolonged illness.
His death was confirmed by former Secretary-General of the NFA, Sani Ahmed Toro.
Galadima was a prominent figure in Nigerian sports administration, having led the NFA before it was restructured into the Nigeria Football Federation (NFF).
He also served as Chairman of the Kano State Sports Council between 1981 and 1983.
Born in 1951 in Fagge, Kano, Galadima had a long-standing career in sports governance.
He was a member of the National Sports Commission and was elected Vice President of the Nigeria Olympic Committee in 1985, a position he held until 1987.
He was later reappointed as Chairman of the Kano State Sports Council and continued to play key roles at both state and national levels.
Galadima also served on the Presidential Monitoring Committee on the development of sports facilities for the 1995 FIFA World Youth Championship, which was initially scheduled to be hosted in Nigeria but later relocated due to health-related challenges.
In addition, he was a member of the Confederation of African Football (CAF) Youth Championship Organising Committee.
In 2002, he was elected Chairman of the then Nigeria Football Association, further cementing his legacy as one of the country’s influential sports administrators.
Burial arrangements will be announced later according to family sources.
Tragedy struck the Panshanu Hill stretch of the Bauchi-Jos federal highway on Friday evening as a horrific multi-vehicle collision claimed the lives of eleven persons, leaving thirty-two others with life-threatening injuries.
The victims, including women and children, were reportedly burnt beyond recognition when the vehicles involved in the crash erupted into a massive fireball upon impact.
According to a crash report released by the RS12.14
Toro Unit Command of the Federal Road Safety Corps
(FRSC), the accident occurred at approximately 6:40
PM. FRSC personnel, who arrived at the scene within ten minutes of the report, battled to rescue survivors from the mangled, smoking wreckage.
The crash involved a white MAN mini-tanker, identified as part of the Nigerian Police fleet, and a white FIAT J5 Boxer commercial bus with registration number KTU624XY.
Preliminary investigations by the FRSC identified
“dangerous driving” and the use of “worn-out tyres” as the probable causes of the carnage. The impact, which occurred on a single, unpaved carriageway, sent both vehicles off the road and triggered an immediate inferno.
A breakdown of the casualties paints a heart-wrenching picture of the disaster. Out of the 43 persons involved in the accident, 11 fatalities were recorded, comprising one male adult, three male children, five female adults, and two female children.
The 32 injured survivors, including five male children, 19 female adults, seven female children, and one male adult, were rushed to a nearby general hospital for emergency treatment.
The Bauchi State Command of the FRSC has reiterated its warning to motorists to avoid overspeeding and ensure their vehicles are in roadworthy condition, especially when navigating the treacherous bends of the Panshanu Hill.
The 2026 UTME, which began on April 16, is expected to continue until April 22 across examination centres nationwide.
The Joint Admissions and Matriculation Board on Friday announced that it had released the results of 632,788 candidates who sat for the first day of the 2026 Unified Tertiary Matriculation Examination (UTME).
A statement by the JAMB spokesperson Fabian Benjamin noted that the results of candidates who sat the 2026 UTME on Thursday, 16 April 2026, have been released and are now available for viewing.
To check their results, he advised candidates to send UTMERESULT via SMS to 55019 or 66019, using the same phone number (SIM) used during registration.
He, however, said that at this stage, candidates may view their results only; printing is not yet available.
The 2026 UTME, which began on April 16, is expected to continue until April 22 across examination centres nationwide.
How To Print Your Official Result Slip
The result slip carries the candidate’s passport photograph, full scores, and details required for admission processing.
It will be made available for printing on JAMB’s e-Facility portal at efacility.jamb.gov.ng and attracts a fee of N1,500.
Once activated, candidates should follow the steps below.
– Visit efacility.jamb.gov.ng.
– Log in with your registered email address and password.
– On your dashboard, click Print Result Slip.
– Click Continue with Payment and pay the N1,500 fee.
– Select 2026 as the examination year and enter your JAMB registration number.
– Download and print the result slip.
Check Your Score Via SMS
– Make sure you have at least N50 airtime on the phone number linked to your JAMB registration.
– Send UTMERESULT to 55019.
– Your score will be delivered to you via SMS.
Other Tips
– If you have forgotten your password or email address, use the Forgot Password option on the portal or visit a JAMB office with your registration details.
– Keep multiple printed copies of your result slip, as institutions typically request it during screening and admission.
– Use only JAMB’s official websites — efacility.jamb.gov.ng or portal.jamb.gov.ng to avoid scams.
JAMB Cautioned Against Manipulation
Candidates were strongly cautioned against manipulating the SMS received from the official platform (55019/66019) to fabricate or alter scores with the intent to mislead others, including parents.
“Such actions constitute a serious criminal offence. The Board treats such misconduct with the utmost gravity.”
“Currently, two candidates and one parent are in custody for engaging in result falsification using AI and other electronic means. Any candidate found culpable will face the full consequences of the law”, JAMB warned.
The examination is ongoing, and results will continue to be released as they become available.
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