In a landmark decision, the Central African Banking Commission (COBAC) has revoked the operating license of FINADEV Tchad S.A., a microfinance institution based in N’Djamena, and ordered its immediate liquidation.
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regulatory action against fina-dev Tchad
On May 21, COBAC announced the withdrawal of FINADEV Tchad’s second-category microfinance license, effective February 5, 2026. This disciplinary measure was taken following a review of the institution’s compliance with financial regulations and operational standards.
consequences for fina-dev Tchad
From the moment the decision was communicated, FINADEV Tchad S.A. entered into liquidation. A court-appointed liquidator has been tasked with managing the process, which is set to last up to one year, with the possibility of an extension if required.