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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BLOGGING RESUMES ON THE 3RD OF JANUARY+MY 2 NEW YEAR RESOLUTIONS & HAPPY NEW YEAR.{PHOTOS}.

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Image may contain: 1 person                                       I want to use this medium to thank everybody who has been reading all my blog posts daily,may God bless you all.I am happy this year is coming to an end because of the recession,so i am believing next year will be better than this year.My new year resolution will be to watch my weight and to eat very healthy,because health is wealth.My second new year resolution is to open up more to people because though am open to people on social media but am naturally a very quiet person so i will work on it.I want to wish you all a Happy new year in advance.More photos below.
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