Creditville Group assures stability after CBN action on microfinance unit
Creditville Group said its operations remain fully functional across all subsidiaries despite a Central Bank of Nigeria regulatory action that affects only its microfinance bank subsidiary. The Group is engaging with the CBN to resolve the issue and stresses that its other businesses—consumer lending, leasing, and asset management—continue without interruption and remain fully compliant with their regulators.
This matters to customers and partners because it signals that deposits, loans and investment services outside the microfinance bank are safe and accessible. The Group’s reassurance aims to prevent panic withdrawals or loss of confidence while the regulator works through its concerns. Stakeholders should note that only Creditville Microfinance Bank is under review; the parent and its sister firms are not affected.
Customers are advised to keep using existing services, follow Creditville Group’s official Instagram and LinkedIn pages for verified updates, and reach out via official customer service channels for any questions. Will you keep your funds with the Group’s other arms while the CBN review continues, or consider moving them elsewhere?