Zuldal Microfinance Bank Branches: CBN Warning – Illegal Operator with No Valid Branches in Nigeria

Zuldal Microfinance Bank branches 2025: CBN confirms illegal—no license, fake outlets in Lagos, Abuja, Kaduna, Kano. Full warning, risks & how to verify real MFBs.

Searching for Zuldal Microfinance Bank branches in 2025? The Central Bank of Nigeria (CBN) issued an urgent public warning on November 20, 2025: Zuldal Microfinance Bank Limited is not licensed and operates illegally. This comprehensive guide explains the CBN alert, reported fake locations, risks involved, and how to verify legitimate microfinance banks—protecting you from potential fraud.

Official CBN Statement: Zuldal Is Not a Licensed Financial Institution

The CBN declared Zuldal Microfinance Bank Limited unlicensed and unauthorized for any banking or microfinance activities in Nigeria.

Key points from the November 20, 2025 disclaimer:

Zuldal falsely claims CBN approval.
It reportedly operates outlets in Lagos, Abuja, Kaduna, and Kano.
No valid license exists under BOFIA 2020 Section 2(1).
Deposits or transactions carry full personal risk—no NDIC insurance.

Acting Director Hakama Sidi Ali urged verification via the CBN licensed institutions list.

Zuldal does not appear on NDIC's insured MFB list or CBN's directory.

Quick CTA: Verify any bank instantly—visit the CBN website now and search the official list before transacting.

Reported (But Illegal) Zuldal Microfinance Bank Branches and Locations

Zuldal allegedly opened physical outlets while claiming legitimacy, but these are unauthorized.

Reported locations (per CBN and media, November 2025):

Abuja (FCT) — Possible "head office" or launch at National Women Centre (September 2025 event).
Lagos State — Unspecified branch(es) in mainland or island areas.
Kaduna State — Reported operations in Kaduna metropolis.
Kano State — Alleged branch in Kano city.

No verified addresses exist, as the entity's website (zuldalmicrofinancebank.com) is inactive/password-protected. Avoid these locations—they offer no legal protection.

Timeline of the Zuldal Microfinance Bank Scam Exposure

September 2025 → "Grand opening" promoted in Abuja.
November 19–20, 2025 → Public complaints reach CBN.
November 20, 2025 → CBN issues nationwide disclaimer across media.
November 21, 2025 → Warnings trend; NDIC confirms no insurance.

Reports from Legit.ng, Vanguard, and Leadership.

Imagine an infographic here: Red warning map of Nigeria highlighting fake branches in Lagos, Abuja, Kaduna, Kano with "ILLEGAL" stamps.

Risks of Dealing with Unlicensed Entities Like Zuldal

Unlicensed operators pose serious dangers:

No deposit protection (up to ₦500,000 per depositor via NDIC).
High fraud potential—Ponzi schemes or sudden closure.
Legal issues for customers under anti-money laundering laws.
Funds lost are rarely recovered.

CBN reports rising illegal finance complaints in 2025—always verify first.

How to Verify Any Microfinance Bank License in Nigeria (2025 Guide)

Protect yourself with these steps:

Visit CBN Licensed Institutions.
Check NDIC insured list: NDIC Microfinance Banks.
Search CAC registration for legitimacy.
Call CBN hotline: 07002255226.

Over 700 licensed MFBs exist—Zuldal is not one.

Safe Alternatives: Top Licensed Microfinance Banks in Major Cities

Choose verified options:

AB Microfinance Bank → Multiple branches in Lagos.
LapO Microfinance Bank → Nationwide coverage.
Accion Microfinance Bank → Strong in Southwest.
Grooming Microfinance Bank → Abuja-focused.

Full directory on CBN site.

The truth about Zuldal Microfinance Bank branches: There are no legal branches—it's an illegal operator exposed by CBN on November 20, 2025. Avoid Lagos, Abuja, Kaduna, Kano claims completely.

Your money deserves protection—stick to licensed institutions only. Have you encountered Zuldal promotions? Share experiences (anonymously) in comments to warn others. Bookmark this page for updates, share widely, and subscribe for alerts on financial scams in Nigeria. Stay safe, bank smart—verify before you trust!