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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TINUBU: FBI DECLINES JEFFREY GUTERMAN'S REQUEST FIR RELEASE OF FILE,GIVE REASON. (PHOTO).

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Tinubu: FBI declines Jeffrey Guterman’s request for release of file, gives reason

The Federal Bureau of Intelligence, FBI, has rejected the application by an American, Jeffrey Guterman, a retired American mental health counsellor, asking it to release a file on Nigeria’s President-elect Bola Tinubu.

Guterman, in a tweet disclosing the development on Friday, said his request was rejected because, according to the FBI, “the existence of files on third-party individuals would neither be confirmed nor denied by the FBI due to unwarranted invasion of personal privacy.”

Recall that the retired mental health counsellor had last month filed a request asking the FBI to release records about Tinubu’s $460,000 forfeiture on drug trafficking in the US.

“My request was rejected because, according to the FBI, the existence of files on third-party individuals will neither be confirmed nor denied by the FBI due to unwarranted invasion of personal privacy.

“I found it noteworthy that in my online submission, I referred to Tinubu as “Bola Tinubu,” but in their letter, the FBI referred to him as TINUBU, BOLA AHMED. How would the FBI access the Ahmed part of his name? Again, I did not provide the Ahmed part of his name in my submission. Moreover, it is public knowledge that the FBI has a file on Tinubu for his $460,000 forfeiture to the US.

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