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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BATCH "A" CORPS MEMBERS THANK OGUN GOVERNOR.{PHOTOS}.#PRESS RELEASE.

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    Members of the NYSC Batch "A" have expressed appreciation to the Ogun State Governor, Prince Dapo Abiodun for his role in providing a conducive environment for their year-long service.
The corps members, who visited the Governor in his office at Oke-Mosan, Abeokuta after their Passing Out Parade (POP) yesterday, were in company with the State Coordinator of the National Youth Service Corps, Dr Belinda Faniyi and other top officials of the Corps in the State.
The corps members thanked Governor Abiodun for the genuine love he showed both the Corps and its members during their one-year service, particularly as he saw to improving the living conditions of the NYSC Camp in the State.
Earlier, the State had officially commended the two corps members for their selfless contributions to community development.More photos below.
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