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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FHC DISMISED THE SUIT FILED BY THE FORMER COMPTROLLER GENERAL OF CUSTOMS 'INDE'' TODAY OVER HIS 17 VEHICLES.{PHOTOS}.

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Image result for dikko inde                A Federal High Court in Kaduna today,July 4,2017 dismissed the suit filed by the former Comptroller General of Customs,Abdullahi Dikko Inde against the EFCC in respect of the 17 Vehicles found at his warehouse in Kaduna.Details later.More photos below.
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