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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PRINCE HARRY & MEGHAN MARKLE RELEASED 3 OFFICIAL PHOTOGRAPHS TO MARK THEIR ENGAGEMENT.{PHOTOS}.

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      Prince Harry and Ms. Meghan Markle have chosen to release three official photographs to mark their engagement.
The photographs were taken by photographer Alexi Lubomirski earlier this week at Frogmore House, Windsor.
Prince Harry and Ms. Markle have been touched by all of the messages of congratulations they have received, and hope that everybody enjoys these photographs as much as they do.More photos below.

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