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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OGUN GOVT CONDEMNS STUDENT’S KILLING,ORDEES INVESTIGATION. (PHOTO).#.PRESS RELEASE

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 Ogun govt condemns student’s killing, orders investigation


 


Ogun State Government has assured students of Tai Solarin University of Education, Ijagun that those responsible for the killing of a 300-level student of the institution will not go unpunished.


The government, in a statement issued on Sunday and signed by the Permanent Secretary, Ministry of Information and Strategy, Mr. Waheed Adesina, condemned the dastardly act, while disclosing that the police have been instructed to invite all concerned, including the Baale of Imaweje village where the incident took place and unravel the immediate and remote causes of the death of the student.


The state government strongly condemned the killing of the student, saying it was one death too many. It said no one has the right to take law into their own hands, assuring that every action necessary would be taken to punish all those involved.


The government appealed to the students of the institution to remain peaceful and law abiding, while waiting for the outcome of the police investigation


It assured that such incidents will not be allowed to happen again anywhere in the state.


Some students of the university allegedly set four houses, including that of the Baale of Imaweje, the host community ablaze last week, following the death of the student, whose name has not been disclosed.


The students action was said to be in retaliation for the death of their fellow student, who was allegedly beaten to death on the allegation that he was a cultist.

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