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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NOLLYWOOD ACTOR LINCHUNG OLIVER,PASSED AWAY AFTER A FATAL ACCIDENT.{PHOTOS}.

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     Nollywood Actor and Comedian Bishop Linchung Duke Oliver died few days after he buried his mother.The news broke today but before today him and some camera crew men were involved in a fatal accident.Many rumours here and there about his death,someone is claiming he was told to be careful when his travelling for his mother's burial but unfortunately he was involved in a ghastly accident on his way back to Lagos after his mother's burial.Oliver was the only child of his mother.May His Soul Rest in Peace,Amen.More photos below.
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