By Uzo Ugwunze
The Depositors and customers of Former Obosi Microfinance Bank(OMFB) which was wrongfully liquidated sometimes in May 2023 have been assured that they were free to come next week and withdraw a part of or the whole of their money from Adike Microfinance Bank(AMFB) which acquired the assets and liabilities of OMFB.
Speaking to Newsmen at Ugamuma village Obosi Community, Idemili North LGA, Anambra State during the 2024 Iwaji/New Yam festival of Akamposi Obosi, the Board Chairman of Credit Committee AMFB, Chief Engr Hyman Udemba assured the mammoth crowd who came to felicitate with him at his hometown that the Bank will be open for customers on December 10, 2024 to access their funds so that they would not be stranded if they needed money for shopping cum preparations for the Christmas yuletide.
“OMFB was liquidated because the authorities misjudged and rated us based on a high capital base rating but when they discovered the mistake, they asked us to start afresh and supported us to change our name. Today, we have Adike MFB starting afresh with digital banking technology,” said Udemba.
According to the MD/CEO Adike Microfinance Bank(AMFB), Mr. Emeka Anujeonye, ” AMFB is a new bank that took over the the assets and liabilities of former OMFB which was mistakenly but unfortunately liquidated by NDIC. We are strong, reliable and we are coming with new products as we officially commence full banking operations and activities Jan 2, 2025″.
“Obosi residents should come back to their very own because there are a lot more to benefit with banking within their immediate community or locality. OMFB now AMFB was a pioneer Microfinance bank that ranked amongst the best in the entire Anambra State and we are not reneging”.
“Our new products include electronic banking: ATM, SMS/USSD, Mobile banking, P.O.S, E. Statement, Payment of bills,Telephone banking, Credit facilities/products, Consumer banking, acquisition of fixed and home assets, Warehousing facilities, Community banking. Group lending SMEs, Micro Credit for Petty traders. We go to Kindreds, families, identify their needs, good credit materials and give them the money without collateral. We are equally introducing attractive products lines, bulk purchase, distribution and overdraft,” said Anujeonye.
“We have an existing ICT unit which we are already upgrading and we are going to engage our staff with a lot of training and retraining to ensure international and conventional practices that will enable us compete with the neighboring commercial banks,” he said.
Moreover, Chief Linus Mgbakaogu (Atta Obosi) called on both indigenes and non indigenes of Obosi community to come out in support of the Adike MFB. “Obosi people should feel free to bank with AMFB. If you need loan and apply the bank will assist you”.
