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‘Drums of war’ between Nigeria-Niger:Tinubu urged to fortify borders
The call for stronger border security follows recent accusations by Niger’s military regime that Nigeria has been involved in destabilising activities.
Niger’s military leader, Brigadier General Abdourahmane Tchiani, in an interview on Wednesday, alleged that France was negotiating with terrorists in Nigeria to destabilise his country.
Tchiani, who spoke in Hausa, claimed that France made a “substantial payment to President Bola Tinubu” to establish a military base in Nigeria.
He also accused Nigeria of sponsoring terrorist attacks along its borders as a means of undermining the new leadership.
The junta blamed the Nigerian government for the recent attack on the Niger-Benin oil pipeline, reportedly orchestrated by Lakurawa.
In response, the National Security Adviser, Mallam Nuhu Ribadu, insisted that there was no foreign military base in Nigeria.
He said Nigeria would not sever its diplomatic ties with France over the Republic of Niger’s internal squabble with its erstwhile colonial master, adding that the country would also maintain diplomatic relations with Russia, the US, the United Kingdom, China, and other nations.
Weighing in on the matter, the Economic Community of West African States dismissed the claim by the Nigerien military junta that Nigeria and some other countries were sponsoring destabilisation efforts in Niger, insisting that the allegations were unfounded.
Examining the security implications of the crisis, General Bashir Adewinbi (retd.) advised the Federal Government to activate a security contingency plan to protect border communities from any fallout arising from the ongoing crisis.
He warned that the instability in Niger could have far-reaching security implications for Nigeria, particularly in the northern region.
“For every military action, there is always another contingency plan. So, they (Nigeria) must resort to another contingency plan, which I think should be in place to prevent any eventuality.
“We know from day one that the countries around Nigeria are part of Nigeria’s problems. Some of them see Nigeria as a country where they can do anything and get away with it. Terrorism, banditry, Lakurawa, and all these issues are coming from those places. And they have not been sincere with Nigeria.
“We should have a very strict foreign policy. Regardless of whatever they are doing with our leaders. It should be our primary objective. We have done so much for these neighbouring countries. We have helped them economically.”
Adewinbi added, “We should secure our borders by all means so that we can have our way. It may sound strange, but we may need perimeter fencing around Nigeria so that we will know who is a Nigerian and who is coming into Nigeria. What are they coming to do? What are their intentions?
“Our borders are too porous, and that is a major danger for the country. We have very porous borders, and let us not forget that not all countries like us. Some are our enemies. Let us be sincere with ourselves. This should be debated at the National Assembly; there should be a fence around Nigeria so that we can achieve lasting peace and have full control over our country and borders.”
A former Commander of the 1 Division, Nigerian Army, Brigadier General John Sura (retd.), expressed concern over the statement made by the Nigerien military leader, predicting it could significantly strain the relationship between the two countries.
He urged the Federal Government to carefully analyse the allegations and reinforce the country’s borders to protect against any potential external threats.
Sura stressed the need for Nigeria to strengthen its northern borders to prevent the flow of militants, weapons, and other threats into the country.
He suggested that the Nigerien leader’s statement could be an attempt to discredit Nigeria and lay the groundwork for possible aggression.
“For a neighbouring country to make such a statement, it could be a falsehood meant to tarnish Nigeria’s image,” he stressed.
Sura warned that the Nigerien leader might be trying to raise troops against Nigeria and advised the Federal Government to deploy forces and drones along the borders as a precaution.
“There could even be an alliance with Russia, for all we know,” he added.
Emphasising the serious implications of such a relationship breakdown, the former commander said, “If someone you’ve had a relationship with begins to distance themselves and claims no connection, it’s essentially a declaration of hostility. The Nigerien government already rejected French troops and expelled them. Now, making such claims could be a prelude to justifying actions that could lead to a conflict, even to the extent of exporting terrorists into Nigeria.”
On his part, former army chief and ex-chairman of Transparency International Nigeria, Gen. Ishola Williams (retd.), criticised the statement made by Niger’s military leader, suggesting it was a calculated strategy to deflect attention from the country’s internal crises.
“The Nigerien military leader is simply seeking a diversion from his country’s internal problems. His aim is to garner sympathy from his people,” Williams remarked.
He likened the Nigerien leader’s actions to typical propaganda stunts often used by leaders under pressure.
Also commenting on the issue, a retired career diplomat, Sola Abolurin, described Niger’s allegations as an attempt to make the Tinubu government unpopular in the north.
He noted that the diplomatic fallout from the crisis could be compounded by Nigeria’s relationship with France.
“Niger, just like the Republic of Benin, is our cousin. Whatever happens to Niger will happen to us in Nigeria, particularly in the north. So, why would Nigeria want to cause unnecessary havoc or try to invade or destabilise Niger?”
In his reaction to the matter, Nigeria’s former Consul to Cameroon and delegate to the World Expo and Economic Development Centre in Paris, Rasheed Akinkuolie, noted that the accusations against the Federal Government of collusion with France were spurious.
He said General Tchiani should focus on addressing the issues he created for himself and leave Nigeria out of it.
Akinkuolie stated, “Niger Republic doesn’t need Nigeria, France, or any other country to destabilise it. Niger has a long history of military coups, which have always ended badly. General Tchiani, by making his speech in Hausa, is attempting to stir sentiments in Nigeria, which has a large Hausa population. Such a ruse will not succeed.
“The international community is demanding that the junta hand over to a democratically elected government. Tchiani should outline a planned transition, which should not take more than three years, in his own interest and for that of his country.”
Also speaking, a retired Nigerian ambassador to Mexico, Ogbole Amedu-Ode, said the Federal Government must handle the issue carefully to avert a rift between Nigeria and Niger.
He stressed that if not handled well, it could rupture the diplomatic relations between the two nations.
Amedu-Ode stated, “We have a wide border and demographic contiguity on both sides. We also share a solid cultural affinity with each other, and the Federal Government must handle this matter carefully so it doesn’t escalate beyond what it is now.”
He noted that it was natural for Niger to be suspicious of Nigeria “because of the emerging closer relations with France against the backdrop of the recent state visit by the President of Nigeria to France.”
Residents deny foreign troops
Meanwhile, residents of border communities in Sokoto State have dismissed the allegations of the presence of the French Army within the border area of the country.
Our correspondent, who was in the border communities of Tangaza and Gudu Local Government Areas of the state, spoke with the District Head of Balle in Gudu LGA of the state, Alhaji Aminu Aliyu.
Aliyu denied the allegation of a foreign military camp in his territory.
The district head described the Niger Republic military leader’s allegation as baseless, stressing that his subjects at no time reported the existence of a foreign military camp in the area.
According to him, his people are engaged in agricultural and business activities, noting that if such a camp existed, his men would have informed him.
Another community leader, Malam Abdurahman Shehu, said the communities of Marake, Kudula, and Bikini, located about three to 35 kilometres from Niger Republic territory, had not sighted any military camps.
He noted that Balle and other communities maintained relations with Nigerien communities, and at no time had residents reported the existence of such a military camp.
A resident of Ruwa-Wuri community in Tangaza LGA, Malam Kabiru Muhammad, acknowledged the occasional presence of Lakurawa bandits but denied any reports of a foreign military camp in the area.
“We usually notice the presence of Lakurawa bandits; sometimes they trespass through our farms holding guns.
“They are often chased away by the Nigerian Army stationed in our area, but there is no foreign military camp terrorising our people,” he stated.
A commercial motorcyclist in Ruwa-Wuri, who identified himself simply as Ibrahim, corroborated the absence of a foreign military presence.
According to Ibrahim, who said he has been operating in the town for over five years, he has never sighted any French Army in the area.
The Seriki Arewa of Araba in Illela LGA, Garba Yusuf, dismissed the allegation, describing it as baseless.
He noted that it was a failed attempt to disrupt the peaceful coexistence between the communities.
Araba is a bustling community bordering Niger Republic.
The traditional ruler said, “In the area of security, Niger Republic military personnel assist our vigilantes in maintaining security within Araba and other border communities.
“We are living in peace with our neighbours in the Niger Republic. Our vigilantes maintain synergy with their military in sustaining the security of lives and property along the border.
“This collaboration has helped in keeping bandits away from our domain. When there is a working relationship to checkmate banditry between our vigilantes and the Niger Republic army, I wonder how someone in his right mind will allege that Nigeria is harbouring bandits for sinister motives.”
A senior consultant physician in Kano State has died after collapsing barely 15 minutes after arriving at a private hospital where he was scheduled to attend to patients.
The tragic incident occurred on Saturday at Arewa Surgery Hospital, Hotoro, Kano, where the doctor, identified simply as Dr. Ibrahim, had reportedly agreed to replace another consultant who was unavailable for an evening clinic, according to Daily Trust.
The account was shared by Suleiman Harbo, an aide to the Jigawa State Governor, who said he witnessed the incident while accompanying his elderly mother to the hospital for a medical appointment.
Harbo said he arrived at the hospital around 5 p.m. with his mother, only to be informed that the consultant originally scheduled to see patients would not be available. Hospital staff then advised the waiting patients to see Dr. Ibrahim instead.
According to him, about six patients, most of them over 80 years old, waited for the physician’s arrival. Concerned about the delay, Harbo contacted the hospital reception, which reached the doctor by telephone.
Dr. Ibrahim reportedly informed the receptionist that he would come after observing the Maghrib prayer.
Shortly after arriving at the hospital, the physician allegedly became dizzy immediately after stepping out of his vehicle and collapsed.
He was rushed to the hospital’s emergency unit, where fellow consultants made frantic efforts to revive him. However, he was pronounced dead about 15 minutes later.
“The painful irony was this: all the patients waiting to see him were above 80 years of age, while about five senior consultant doctors fought to save him, yet all of them broke down in tears,” Harbo wrote.
He said his mother was initially unaware of what had happened and asked whether the doctor had arrived. Before he could respond, another patient informed her that the physician they had all been waiting to see had died.
According to Harbo, his mother responded by offering prayers for the deceased, saying: “Innalillahi wa inna ilaihi raji’un. So that was the doctor they rushed inside? May Allah have mercy on him. Let us just go home. I am already healed.”
Harbo also disclosed that those who were with Dr. Ibrahim during his final moments said his last audible words were, “La ilaha illallah,” the Islamic declaration of faith.
The cause of the doctor’s sudden collapse has not yet been disclosed.
The United States has withdrawn most of its military personnel deployed to Nigeria for a joint counterterrorism mission in the Lake Chad Basin, while maintaining intelligence-sharing and other security cooperation with Nigerian authorities.
The Commander of the US Air Forces in Africa, General Dagvin R.M. Anderson, announced the development during a virtual press briefing on the outcome of the African Chiefs of Defence Conference 2026.
Anderson said the partnership between Washington and Abuja remains strong, particularly in intelligence operations targeting the Islamic State (ISIS/Daesh).
According to him, the specific mission that required the deployment of US troops has been successfully completed, leading to the withdrawal of most of the personnel. He, however, stressed that the United States would continue providing intelligence support at the request of the Nigerian government.
“And so that operation in the Lake Chad Basin of Nigeria not only helped the countries in that immediate region; it also helps countries globally as it disrupts the ISIS network,” Anderson said.
“And so we have withdrawn much of our forces that were there specifically for that operation, but we are continuing the partnership that Nigeria has asked for to support intelligence sharing and provide the understanding necessary to prosecute these difficult tasks.”
The US Air Force commander described Nigeria as a key regional partner with a capable military, noting that cooperation between both countries has yielded significant gains in the fight against ISIS.
He credited intelligence collaboration between the two nations with enabling the operation that eliminated Abu-Bilal Al-Minuki, the second-highest-ranking leader of ISIS, who was responsible for much of the group’s global operations, media activities and recruitment.
“I think the partnership we’ve shown recently with Nigeria demonstrates what can be achieved. Nigeria is a capable country with a strong economy, a large, educated population and a professional military,” Anderson said.
“There are things we have learned over years of counterterrorism operations that we were able to integrate with Nigeria’s efforts. By combining intelligence sharing with unique US capabilities, we were able to support a cooperative operation that eliminated the number two leader of ISIS.”
According to Anderson, the operation highlights the effectiveness of intelligence collaboration rather than prolonged foreign troop deployments.
“As we move forward, this is the model we want to pursue—bringing unique US capabilities that enable our partners to be more effective in confronting terrorist threats,” he added.
The US commander also called for stronger intelligence cooperation among African countries to combat terrorism, drug trafficking and other transnational crimes.
He cited a recent multinational operation that intercepted a record 31-ton shipment of cocaine originating from South America and transiting through the West African coastline. According to him, intelligence sharing among partner nations made the seizure possible.
“I coordinated through our interagency partners in the United States, through AFRICOM, and informed regional partners. Eventually, it was a Spanish naval vessel that intercepted the ship carrying 31 tons of cocaine—the largest drug seizure at sea on record,” Anderson said.
He stressed that sustained collaboration among African governments, international partners and the private sector would be essential to addressing security challenges, promoting economic growth and attracting investment across the continent.
The United States deployed about 200 military personnel to Nigeria in February 2026 to support intelligence, surveillance and counterterrorism operations in the Lake Chad Basin as both countries expanded cooperation against ISIS and other extremist groups operating in the region.
The deployment followed US President Donald Trump’s redesignation of Nigeria as a Country of Particular Concern and his pledge to strengthen American support for Nigeria’s counterterrorism efforts.
On December 25, 2025, US forces carried out airstrikes on two terrorist camps in the Bauni Forest in Tangaza Local Government Area of Sokoto State.
The security partnership recorded a major breakthrough in May 2026 when a joint US-Nigerian operation killed Abu-Bilal Al-Minuki, the second-in-command of ISIS, during a raid on his hideout in Borno State.
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Every Naira stolen robs Enugu of development’ — Gov. Mbah charges Public Officers on Accountability
Mbah gave the charge on Thursday when he declared open a two-day training programme, Compliance with Anti-Corruption Policies and Financial Regulations Frameworks, organised by his administration for the state’s political appointees and civil servants.
The governor, who was represented by the Secretary to the State Government, Prof. Chidiebere Onyia, spoke on the theme, “Enhancing Governance through Compliance: Navigating Anti-Corruption Policies, Financial Regulations and Emerging Taxation Frameworks.”
He described corruption as one of the greatest obstacles to development because resources are diverted through fraudulent practices, thus directly reducing government’s capability to provide essential social services.
“Therefore, Enugu State, under our leadership, set out three governance principles that would serve as a guide for our governance thinking and delivery strategy —Transparency, Traceability and Accountability. These three pillars have informed a lot of our procurement and systems-thinking model, our e-governance initiatives and our financial management across the state.
“This is because every naira lost to corruption, financial irregularities and non-compliance means fewer resources for smart schools, primary healthcare centres, roads and other critical infrastructure. Our governance is built on transparency, traceability and accountability, and compliance begins with knowledge,” Mbah said.
He urged public servants to stay abreast of emerging taxation and regulatory frameworks, stressing that ignorance of the law would no longer be an excuse for non-compliance. He also tasked participants to cascade the knowledge acquired to their colleagues in their various Ministries, Departments and Agencies (MDAs) and assured that government would continue to monitor compliance across the public service.
Speaking at the event, the consultant, Justin Kuatsea, noted that corruption had become deeply entrenched and could only be overcome through collective action and exemplary leadership.
Kuatsea, a certified management trainer and retired Deputy Director, Independent Corrupt Practices and Other Related Offences Commission (ICPC), maintained that the anti-corruption fight must begin with individuals in their homes, workplaces and communities, while political leaders must lead by example by demonstrating integrity and accountability.
Kuatsea identified employment irregularities, recruitment abuses, concealment of official files, irregular promotions, contract inflation, payments for unexecuted contracts and other financial misconduct as common corruption indicators in the public service.
“That was why I said that the fight against corruption must start with individuals, but political leaders must lead by example,” he said.
Also speaking, the Managing Director/Chief Executive Officer of Xavine Consulting Limited, Catherine Kadiri, said the training was designed to ensure that civil servants fully understand anti-corruption policies, financial regulatory frameworks and emerging taxation laws.
Kadiri said the programme would significantly tackle ignorance of ethical and operational standards in the public service, noting that participants would gain practical knowledge applicable to their respective roles.
She disclosed that 16 resource persons, including experts from the ICPC and Nigeria’s financial regulatory sector, were engaged to facilitate the sessions and expose participants to global best practices in governance and compliance.
According to her, the programme underscored the Mbah administration’s understanding that it could not build its envisioned $30 billion economy without a solid, committed, ethical, accountable, and highly responsible public service.
“There should be no excuse for non-compliance. This programme is designed to ensure public officers understand the dos and don’ts of governance, financial regulations and anti-corruption frameworks.
“We are also adding integrity to the core pillars so participants leave with the right values to drive good governance,” Kadiri concluded.
Former President Olusegun Obasanjo on Wednesday warned that many of the factors that triggered Nigeria’s three-year civil war in 1967 are still with the country, stressing that every effort must be made to prevent a recurrence of such a conflict, which resulted in huge losses of lives and property.
Obasanjo made the remark while receiving a book, research materials, videos and interviews of eyewitnesses documenting the Asaba Massacre and related events, compiled by the Chairman of the Asaba Memorial Trust and the Asaba Image Branding and Project Committee, Chief Chuck Nduka-Eze, at the Olusegun Obasanjo Presidential Library, Abeokuta.
He described the prospect of another civil war as unthinkable, insisting that the country had already fought “one civil war too many.”
He said, “What went wrong in the past is essential to preventing a repeat. We must do everything humanly possible to prevent its recurrence.”
He called on Nigerians to collectively adopt a “never again” resolve against civil war.
“Some of the things that led to the Civil War are still with us. How long will this remain so?
“I was with a colleague when Gen Yakubu Gowon said that we would not survive a second civil war as a country.
I believe we have fought one civil war too many already.
“To say that we will have a second civil war, God forbid.
We must understand what happened, condemn what should not have happened, and do everything humanly possible to prevent its recurrence.
“And then, for us to be able to say, ‘never again,’ what are we going to do to make that possible?
“Thank you very much for making people know about it, for people to learn from it, and for people to take a vow that it should never happen again. I will do everything possible to ensure that there is never again a civil war in this country,” he said.
The former President hailed Nduka-Eze for the effort to preserve history, saying the importance of documenting the past lies in helping the nation understand its history, learn from it and ensure such tragedies never happen again.
He added that at the Olusegun Obasanjo Presidential Library, part of its value is to preserve the past, capture the present and inspire the future, while emphasising that understanding the events surrounding the civil war, including the Asaba massacre, remains critical for national healing.
“We pride ourselves that we preserve the past, we capture the present, and we inspire the future,” he said.
The former president, who acknowledged his role as a soldier during the civil war, said he could not provide detailed accounts of the Asaba incident, noting that operations in that area were under the command of the late former Head of State, Gen Murtala Mohammed.
Obasanjo recalled that towards the end of the war, he was given key responsibilities to ensure that no further massacres occurred, stressing that abuses by soldiers were not condoned.
He also noted that former Head of State, Gen Gowon, had publicly acknowledged and apologised for the excesses of the war, stating that, at the highest level, actions such as the Asaba massacre were neither ordered nor condoned.
The former president, who commended Nduka-Eze for the work, promised to study the transcripts and audiovisual materials.
“At OOPL, we pride ourselves that we preserve the past, we capture the present, and we inspire the future. We capture the past, and this is the past; we want to capture it; we want to know about it.
“I must confess, and you know that I was involved in the civil war. When people talk about the Asaba Massacre, I always confess that I cannot give details of it,” he said.
Obasanjo also narrated how he prevented a soldier from raping a woman in Asaba, saying such an act would have attracted vicarious liability on his part as a commander.
Obasanjo maintained that documenting and teaching the history of the civil war and the Asaba Massacre were vital for national unity, adding that he would do everything within his power to ensure Nigeria never experiences another civil war.
Providing insight into the work on the Asaba Massacre, Nduka-Eze described it as a substantial and carefully cross-referenced body of evidence, including eyewitness testimonies, recorded interviews, archival materials, audio-visual documentation and established historical scholarship.
He said that across independent sources, a clear and consistent account emerges of events following the entry of federal troops into Asaba, then a civilian population centre in the Mid-West Region.
“The evidence establishes a recurring pattern. Civilians were assembled in public places under conditions of fear and uncertainty. During these assemblies, residents were required to proclaim allegiance to the Nigerian state, including being instructed to declare ‘One Nigeria’ and otherwise demonstrate loyalty.
“In a setting where identity and suspicion had become dangerously intertwined, these acts were understood by those present as affirmations of belonging and safety. Men were then separated from women and children. Thereafter, unarmed male civilians were killed in a manner consistently described across multiple independent accounts.
“Compliance with these demands did not secure protection. The sequence, repeated across testimonies, reflects a tragic contradiction in which individuals who openly affirmed their identity and loyalty as Nigerians were nonetheless killed in the most undignified manner by the same Nigerian state to which they had pledged allegiance.
“This sequence is corroborated by testimonies, documentary materials and scholarly works, and remains materially unchallenged. While precise casualty figures cannot be definitively fixed, the convergence of credible evidence points to a substantial loss of civilian life, more than a thousand men, and a profound rupture in the fabric of the Asaba community,” he said.
Nduka-Eze added that deep-seated ethnic suspicion, unresolved grievances arising from Nigeria’s first military coup and the failure to enforce accountability were among the factors that culminated in the Asaba Massacre and the 1967 civil war.
According to him, ethnic mistrust did not begin with the war but had already become entrenched before independence.
He noted that many of the issues that led to the civil war remained unresolved, with ethnic groups still relating to one another with suspicion.
The Central Bank of Nigeria (CBN) has revoked the operating licences of 46 microfinance banks (MFBs) across the country for failing to comply with key regulatory requirements, in one of the regulator’s most sweeping enforcement actions in recent years.The apex bank announced the decision in a statement issued on Wednesday by its Acting Director of Corporate Communications, Hakama Sidi-Ali, stating that the revocation took effect from July 1, 2026.According to the CBN, the action was approved by its Governor, Olayemi Cardoso, in line with the provisions of the Banks and Other Financial Institutions Act (BOFIA), 2020, as part of efforts to safeguard the financial system, protect depositors and ensure strict compliance with regulatory standards.
The CBN said the affected institutions failed to meet one or more of the conditions required to retain their operating licences.
“According to the revocation order, the action became necessary because of one or more of the following circumstances: insufficient assets to meet liabilities, closure of operations without the approval of the CBN, inactivity and cessation of financial intermediation, failure to commence operations within 12 months of licence approval, and failure to maintain minimum capital funds unimpaired by losses,” the statement said.
It added: “The revocation of the licences is part of the Bank’s ongoing efforts to safeguard the stability of the financial sector, protect depositors, and ensure that licensed institutions comply with current laws and regulatory requirements.”
The affected microfinance banks are:
Minji-Se Churchill MFB (Rivers)
Merchant MFB (Abia)
Janmaa MFB (Kwara)
Busu MFB (Niger)
Gold MFB (Lagos)
Zain MFB (formerly Dawakin Tofa MFB) (Kano)
Bompai MFB (Kano)
Ajwa MFB (Kano)
Now Now Digital MFB (Kano)
Crystabel Microfinance Bank (Bayelsa)
Chanelle MFB (Lagos)
Abia SME MFB (Abia)
Kamba MFB (Kebbi)
Iwade MFB (Ogun)
Winview MFB (Abuja)
Zuru MFB (Kebbi)
Minjibir MFB (Kano)
Shanono MFB (Kano)
Sumaila MFB (Kano)
Rimin Gado MFB (Kano)
Mwaghavul MFB (Plateau)
Sycamore MFB (Kano)
TOFA MFB (Kano)
Safegate MFB (Lagos)
Creekline MFB (Delta)
Bestar MFB (Oyo)
Livingspring MFB (Cross River)
Apple MFB (Ogun)
Stanford MFB (Uyo, Akwa Ibom)
Frontline MFB (Anambra)
Zafec MFB (Kaduna)
Supreme MFB (Lagos)
Bejin-Doko MFB (Niger)
Kanopoly MFB (Kano)
Bellbank MFB (formerly Tsanyawa MFB) (Kano)
Yeneng MFB (Plateau)
Creditville MFB (Lagos)
MBAG MFB (Lagos)
Straight Sahara MFB (Benue)
Our Pass MFB (Ondo)
VERDANT MFB (Lagos)
Basawa MFB (Kaduna)
Casha MFB (Abuja)
Esteem MFB (Kano)
Enterpreneur MFB (Lagos)
Avantus MFB (Osun)
The CBN reiterated its commitment to promoting a safe, sound and resilient financial system, stressing that it would continue to take supervisory and regulatory actions where necessary to maintain public confidence in Nigeria’s banking sector.
The latest enforcement action follows the banking recapitalisation programme introduced by the apex bank in March 2024, which gave financial institutions until March 31, 2026, to meet new minimum capital requirements.
Earlier this year, the CBN disclosed that 30 banks had successfully met the new capital threshold, while institutions that failed to comply continued to face regulatory sanctions.
With the revocation now in effect, the 46 affected institutions have lost their legal authority to operate as licensed microfinance banks in Nigeria.
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