Article 48 of the CBB Law empowers the CBB to cancel or amend a license under certain circumstances. These include cases where a
(a) Failed to satisfy its license conditions;
(b) Violated the terms of the CBB Law, Regulations or Rulebook;
(c) Failed to start business within six months from the date of the license being issued;
(d) Ceased to carry out the licensed activities permitted; or
(e) Not acted in the legitimate interest of its
customers or creditors.