HONG COMMUNITY RE-OPENS DAPTIKIR MICRO -FINANCE BANK.
By Fidelis Jockthan
Hong Community in Adamawa state has re-opened the former Biyama Micro-Finance Banks Ltd which has been renamed as DAPTIKIR MICRO -FINANCE BANK Ltd.
The Central Bank of Nigeria, CBN issued a license in the name of DAPTIKIR MICRO -FINANCE BANK Ltd in 2024 and it took over the Assets and Liabilities of former Biyama Mfb Ltd.
In an elaborate ceremony in Boss Mustapha Hall, Government Day secondary school Hong, the resuscitation of the Micro-Finance Banks was highly celebrated by creme de la creme of sons and daughters of the Kilba community.
In 2007, Biyama Community Bank was able to meet the Central Bank requirements and was given license to operate as Micro-Finance Bank.
Similarly, in May 2023, CBN closed about 186 Micro-Finance Banks and Biyama Mfb Ltd was among them.
Its history was traced to 1993 when it was established as a Community Bank.
At the event, Governor Ahmadu Umaru Fintiri who was represented by the Speaker, Adamawa State House of Assembly, Bathiya Wesley charged government functionaries, traditional institutions, Stakeholders and people of the community to invest in the Bank to stimulate economic growth and development.
The Governor who commended the Board of Directors for resuscitating the Bank since its closure in May 2023 by the Central Bank alongside 185 other Micro-Finance Banks, charged them to be innovative, maintaining the best international practices, integrity, risk management and navigate through regulatory changes, market challenges and emerging opportunities.
The Chairman of the occasion, who is also the Provost College of Education Hong, Professor Benson Baha emphasized on the need for Haba people to invest in DAPTIKIR MICRO -FINANCE BANK to create employment opportunities, increase success stories of businesses and alleviate poverty in Kilba communities.
“This event culminates the enormous collective efforts of the Haba Stakeholders and the Board of Directors of DAPTIKIR MICRO -FINANCE BANK to revive our dear community bank, which has been a focal promoter of our economy. Time will not permit me to analyze how your ‘collective efforts’ will rejuvenate our local economy at a moment like this. I will like to simply put it this way “Usakuma ana har hai haba”
The Guest Speaker at the occasion, Asongo Abraham who delivered lecture on the topic “The importance of Micro-Finance for community development and nation building”, spoke extensively on its importance for the people and communities in Hong, the role of shareholders and stakeholders in funding and safeguarding the Bank, role of regulators in financial institutions as well as the role of customers in its sustenance.
‘Daptikir Micro-Finance Bank is more than just a financial institution. It is a beacon of hope, a catalyst for growth and a partner in the development of Hong local government area and beyond.
As we celebrate this grand opening, let us remember the collective responsibility we all share in ensuring the success and longevity of this bank’.
There were goodwill messages from the Chairman Board of Director of the Bank, Professor Johnson Pongri, the former Chairman, National Arbitration panel and erudite lawyer,Barrister DD Azura and the Chairman, Hong local government area, Inuwa Usman Waganda.
