THUR NOV 20 2025-theGBJournal| The Central Bank of Nigeria (CBN) has red-flagged Zuldal Microfinance bank Limited, and ”strongly advised” the general public to disregard any claims of licensing or approval by Zuldal Microfinance bank Limited.
The apex equally advised the general public to refrain from engaging in any financial transactions with the said entity, as such dealings are undertaken at the individual’s own risk.
The CBN’s advisory comes amid claims by the Zuldal Microfinance bank that it has branches in Lagos, Abuja, Kaduna and Kano, and claims to be licensed by the CBN to carry out microfinance banking in Nigeria.
”The said Zuldal Microfinance bank is not a licensed Microfinance Bank and has no authorization from the Central Bank of Nigeria to operate or carry out any form of banking or microfinance business in Nigeria,” the CBN warned in a circular released by its Ag. Director, Corporate Communications, Hakama Sidi Ali.
Check by the G&BJournal on Zuldal Microfinance bank’s website shows ”no information available for this page.”
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