CBN REVOKES OPERATING LICENSES OF ASO SAVINGS AND LOANS PLC AND UNION HOMES SAVINGS AND LOANS PLC. (PHOTO).

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 CBN Revokes Operating Licenses of Aso Savings and Loans Plc and Union Homes Savings and Loans Plc The Central Bank of Nigeria (CBN) has revoked the operational licenses of two primary mortgage banks, Aso Savings and Loans Plc and Union Homes Savings and Loans Plc, citing multiple regulatory violations and financial distress. In a press release issued today, the CBN stated that the action was taken under Section 12 of the Banks and Other Financial Institutions Act (BOFIA) 2020 and Section 7.3 of the Revised Guidelines for Mortgage Banks in Nigeria. The move is part of broader efforts to reposition the mortgage sub-sector and enforce compliance with laws and regulations. The affected institutions were found to have breached various provisions, including: - Failure to meet the minimum paid-up share capital requirement for their license category. - Having insufficient assets to cover liabilities. - Being critically undercapitalized, with capital adequacy ratios below the CBN's prudent...
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GOLD MEDALIST,MO FARAH,COLLAPSED AT THE END OF A MARATHON RACE IN NEW YORK.

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Mo Farah was strong enough to pass and hold off third-placed Stephen Sambu from Kenya in a sprint to finish behind winner Geoffrey Mutai of Kenya in 61mins 8secs               The father of three who won two gold at the 2012 London games,fell around the sixth mile mark today at New York,but carried on and finished second.At the finish line he temporally lost consciousness in the chiley conditions and had to be helped into a wheelchair.He was rushed to the hospital at the end of the New York half Marathon.Farah Mo said ''I feel pretty hard.I told myself,i don't rush but when i saw the gap,the gap was big.The condition here today were very cold.Condition won't be as cold as this''.Farah is due to return to Kenya on Tuesday for two more weeks of training under the tutelage of his coach,Alberto Salazar,before coming back to Britain ahead of his marathon debut.His friend Usain Bolt also reached out to him on twitter.More pictures below.                                                                                                               Medical staff rushed to help Mo Farah after he collapsed at the finish line after finishing in second place at the 2014 New York City Half Marathon in lower ManhattanAfter collapsing at the finish line, Mo Farah is tended to by his wife Tania, top centre, and others during the 2014 NYC Half marathonMo Farah of Great Britain collapses at the finish line after finishing in second place as first place finisher Geoffrey Mutai, (left) and third place finisher Stephen Sambu (centre), both from Kenya, look on

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