Review on Dillonmfb

The website at https://www.dillonmfb.com/ presents itself as the online home of Dillon Microfinance Bank (“Dillon MFB”), positioned as a full-service digital microfinance bank in Nigeria. According to its pages, Dillon offers savings accounts (e.g., “Dillon Purse”), medium-term savings (“Dillon Future Account”), a corporate account (“Dillon Plus”), and instant loans with purported approval and disbursement within five minutes. 

The site also claims online account opening (no branch visit required), 24/7 support, encrypted global payments, and “lowest processing fees than other banks”. A physical address is given in Lagos (Westbrook Mall, 4th Roundabout, beside ENYO Filling Station, Lekki). 

In short: the website aims to operate as a modern, digitally-enabled microfinance bank serving individuals and businesses in Nigeria through online channels.

More Details

Based on the available data, my judgment is that the site is probably real but requires strong caution — it does not appear definitively scam, but it also falls short of fully verifiable legitimacy as a fully-licensed established bank.

Here’s the detailed reasoning:

• On the positive side, the company appears incorporated; there is a physical address; the website has a legitimate look and presents banking products in a plausible manner. That suggests this is not obviously a fake one-page scheme or phishing site.

• On the caution side, the lack of clear regulatory licensing information in publicly accessible lists for microfinance banks means whether you are fully protected (e.g., by deposit insurance, strict regulatory oversight) is unclear. Banking takes place in a highly regulated environment in Nigeria, and microfinance banks ordinarily must be licensed and supervised by the CBN. The absence of Dillon MFB in older lists (2021) suggests a very new institution or one not yet fully certified.

• Because incorporation is so recent (2024), the bank may not yet have an established branch network, track record of customer service, or audited reports. This means risk is higher than with longstanding banks.

• The marketing claims are ambitious (instant loans in five minutes, lowest fees, global payments) and may oversell; prospective customers should verify terms and conditions carefully.

• There is some inconsistency in spelling (company registry “Dillion”, website “Dillon”), which could lead to confusion or be a red flag if you are transferring funds.

• If you choose to do business with them (open an account, deposit funds, apply for loans), you should verify: a) That they hold a valid microfinance bank licence from CBN, b) That your deposits are insured (NDIC), c) The actual terms of benefits (fees, interest rates, loan conditions).

In conclusion: I would treat Dillon Microfinance Bank with cautious optimism. It has many of the trappings of a legitimate bank, but because it is very new and lacks transparent licensing disclosures, you should proceed carefully, keep amounts modest until you see credible testimonials or regulatory confirmation, and always verify direct with the institution.