Our attention has been drawn to recent false, malicious, and misleading reports in the media and on social platforms alleging that Moniepoint Microfinance Bank has been hacked or is facing operational concerns.

We categorically state that these claims are untrue, and we urge the public to disregard them in their entirety.

Moniepoint MFB has always maintained the highest standards for digital security and customer fund protection.  We will continue to show commitment to transparency and ensure that our platforms and services remain safe for the millions of businesses that trust us. The bank's cybersecurity systems remain fully secure, providing strong protection for our users against all threats.

As a duly licensed and regulated financial institution, customer deposits with Moniepoint MFB are insured by the Nigeria Deposit Insurance Corporation (NDIC). Additionally, the Central Bank of Nigeria (CBN) supervises and regulates our operations, ensuring adherence to all applicable standards.

Moniepoint Inc., our parent company, is valued at over a billion dollars and supported by a strong network of reputable investors, including Visa, Development Partners International, Google’s Africa Investment Fund, Verod Capital, Lightrock, QED Investors, Novastar Ventures, British International Investment (BII), FMO (the Dutch entrepreneurial development bank), Global Ventures, and Endeavor Catalyst. Moniepoint Microfinance bank is liquid and in good financial standing with the CBN.  

We remain committed to delivering the highest standards of service, guided by the stringent regulations that govern the industry. Moniepoint will continue to collaborate with regulators and other stakeholders to foster an environment of trust and collaboration.