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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COMMANDING OFFICER DONATED EQUIPMENT TO IDPs IN BANKI,BORNO STATE.{PHOTOS}

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Image may contain: 5 people, people standing and outdoor
     The outgoing Commanding Officer of 152 Battalion, 21 Brigade Nigerian Army, Lieutenant Colonel Peter Elayo has donated some equipment to the Internally Displaced Persons in Banki, Bama Local Government Area of Borno State.
Presenting the equipment and items to the beneficiaries, the Commanding Officer noted that the donation was in line with the civil military activities aimed at ameliorating the plights of the Internally Displaced Persons in Banki Camp. He however urged them to continue to be law abiding citizens and promptly report any suspicious movement to the appropriate authorities.
The items donated includes a complete Barbing Saloon, a Tailoring Shed, 2 sets of football kits to the Banki IDPs football teams and a power generating set.
The beneficiaries also expressed happiness and commended the military for the sacrifices made in bringing peace back to Bama and the North East in general.
Lt Col Elayo who handed over to Lt Col I Ogundele was recently redeployed from 152 Battalion to Army Headquarters Department of Training and Operations.
Second Lieutenant CHINONSO POLYCARP OTEH     
Assistant Director 21 Brigade Army Public Relations
More photos below.
Image may contain: 4 peopleImage may contain: 15 people, people smiling, people standingImage may contain: foodImage may contain: foodImage may contain: 12 people, people standing and outdoor

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