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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A LAGOS BASED GOAL KEEPER,WAS STABBED TO DEATH BY 2 PEOPLE,ON FRIDAY.

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                                  According to sources,the goal keeper of Ifako United Football Club,21 year old Owawu  Samuel,was on friday stabbed to death by two suspected cultists identified as 22 years old Adebayo Ahmed and Ajose Isah at Ifako area of Lagos state.According to Salami Jimoh,a close friend of Samuel who also resides in the same house with the deceased,Adebayo Ahmed and Ajose Isah came looking for Samuel claiming that Samuel bought drinks for hiss friends on friday and that they had come for their own.''I told them to calm down that he will buy drinks for them.As we were talking Samuel called me on my phone and i told him what was happening at home.So he asked me to give the phone to his friend who was waiting  for him at home.I don't know what they discussed on phone before Adebayo Ahmed and Ajose Isah left.But when Samuel came back ,he asked me if i had N500 and i told him that it was N1,000 i had and he collected it from me,saying he was going to settle them.Not quite long after he left,his friend came on a motor bike aand asked me to come with him,that Samuel and some people were fighting.On getting to the place i met him soaked in his blood.The man who assisted in the arrest of Adebayo Ahmed said he heard Samuel shouting for help and he fell down and as he was trying to assist him Adebayo came with a glass and smashed it on his head after which Adebayo was overpowered and handed over to the policeAt Ifako General Hospital where Samuel was confirmed dead,Adebayo was still pointing at him saying you must die before he was later taken to Pen Cinema Police State where he is being interrogated.One more photo below.              

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