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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LT. COL NURUDEEN ALOWONLE YUSUF APPOINTED AS ADC TO PRESIDENT ELECT ASIWAJU BOLA AHMED TINUBU. (PHOTO).

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Lt. Col Nurudeen Alowonle Yusuf Appointed As ADC To President Elect Asiwaju Bola Ahmed Tinubu

April 28, 2023
    
Lt. Col Nurudeen Alowonle Yusuf has been appointed as the Aide De Camp (ADC) to the President-elect Bola Ahmed Tinubu.

Tinubu is expected to take over as substantive President on May 29, 2023.

He was declared winner of 2023 presidential election after February 25 by the Independent National Electoral Commission (INEC).

Announcing the appointment, Alh Shamsuddin Salman El-imaam wrote:
Alhamdulillahi!!! Congratulations on your new position as the ADC to the president elect Asiwaju Bola Ahmed Tinubu. L, Col (Prince) Nurudeen Alowonle Yusuf (Omo Elemona) sky will always be your beginning in every endeavors. May this new government be another success to your career Bidhnillah.

May Almighty Allah Guide you, protect you and always be with you.


 

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