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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MAN DIES IN A GHASTLY MOTOR ACCIDENT ON HIS WAY BACK FROM THE VILLAGE AFTER PRESENTING HIS MOTHER A CAR GIFT. (PHOTOS).

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Man Dies In a Ghastly motor Accident. 

A Man identified as Ebuka Princeline Ndu{Akpati Ego} d!ed in a motor accident on Sunday on his way back from his hometown.

According to report, he traveled to his home town to gift his mother the car he bought for her. On his way back,he was involved in a ghastly motor accident and he died on the spot.

It was also gathered that a friend who was with him in that same car lost consciousness and went into coma.

Friends took to different social media platforms to mourn his death

May his soul rest in peace.

More photos below. 




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