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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THE 'ADC' OF 'BISHOP ALOYSIUS ' WAS GUNNED DOWN YESTERDAY IN JOHANNESBURG.{PHOTOS}.

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       The ADC of Chief Alosius Ikegwuonu, popularly known as Bishop Ozubulu, was yesterday gunned down in Johannesburg, an affluent city in South Africa.
In the meantime, the spokesman of Ohanaeze Ndigbo Worldwide, Mr. Chuks Ibegbu has called on the people of South Africa to stop the mindless killing of Nigerians in their country.
He expressed alarm at the rate Nigerians in that land are being felled by xenophobics and wondered why South Africans have easily forgotten the role Nigerians played in their Independence.
Beside several South African citizens and companies are doing their business unmolested in Nigeria.
Ibegbu called on south African government to do something urgently about it .
He also called on Nigeria government to engage its South African counterpart on this very serious matter. No single South African has lost his or her life in Nigeria .
Chuks Ibegbu called on elders of South Africa to teach their youths history of their country and the role of Nigeria in their independence.
He appealed to Nigerian government to make life worthy of living here so that our men and women would not be dying like chicken in foreign lands.He lambasted politicians for stealing our commonwealth and our legislators for allotting huge salaries to themselves without doing any commensurate work.
The Ohanaeze scribe alleged that the lawmakers are arrogating to themselves monies that would be used to develop the  country and make life better for our people.
Ibegbu, therefore, called for the  abrogation of security votes to political office holders and immunity clause covering them.
Finally, he appealed to youths of South Africa to see all Africans as their brothers while calling on Nigerians and other Africans that commit crime in the country to stop it.
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