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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VETERAN ACTOR FEMI ROBINSON,WHO ACTED IN ''THE VILLAGE HEADMASTER'',DIED YESTERDAY.

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                                                                He was best known for the role he played in the NTA Television sitcom on NTA as the Village Headmaster.He died early wednesday at the age of 75.His demise was announced by his two sons,Seun and Wole Robinson,on his facebook page.The message reads ''This is to notify you that we lost our father,Femi Robinson this morning-Seun and Wole Robinson {sons}''.The cause of his death was yet to be ascertained,but it was gathered that he probably died due to old age related issues''.May his soul rest in peace,Amen.More photos below.                                                                                                                      

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