The story
The institution was founded in 2003, as Jaiz International Plc. On 11 November 2011, Jaiz International received a license from the Central Bank of Nigeria, the national banking regulator, to operate as a regional bank. On 6 January 2012, the institution commenced business as Jaiz Bank Plc in offices and branches in Abuja, Kaduna and Kano.
In 2013, Jaiz Bank was in the process of expanding to urban centers in all states of the Federal Republic of Nigeria. In pursuit of that goal, the bank had received approval to increase shareholders' capital from the then current value, to US$92.3 million (NGN:14.3 billion). In January 2013, print media reports indicated that, at that time, shareholder's equity in the bank exceeded US$71 million (NGN:11 billion). The bank applied for a national banking license, once it met its shareholders' capital objectives and was issued the license in 2016
From Wikipedia’s article on Jaiz Bank, shared under CC BY-SA 4.0.4