Tag: unlicensed bank
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CBN Issues Warning Over Unlicensed Microfinance Bank Zuldal
Overview of the CBN Warning The Central Bank of Nigeria (CBN) has publicly disowned Zuldal Microfinance Bank Limited, labeling it an unlicensed entity operating illegally within Nigeria’s financial system. In a statement disseminated on X, the acting Director of Corporate Communications, Hakama Sidi, reaffirmed that Zuldal Microfinance Bank Limited is not authorized to conduct banking…
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CBN Issues Alert: Unlicensed Zuldal Microfinance Bank Under Scrutiny
Summary of the CBN Warning The Central Bank of Nigeria (CBN) has issued a public warning about Zuldal Microfinance Bank Limited, labeling it an unlicensed entity operating illegally within the country. The notice, disseminated via the bank’s official channels, underscores the regulator’s commitment to protecting the public from fraudulent financial operators and ensuring that all…