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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KEBBI @32: GOV. IDRIS SEEKS SUPPORT OF ALL FOR NEXT LEVEL DEVELOPMENT. (PHOTO).

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Kebbi @32: Gov. Idris seeks support of all for next level development


The Kebbi State Governor, Comrade Nasir Idris, has appealed to the people of the state to support the present administration in its quest to take the state to the next level of development.


In a statement by the Chief Press Secretary to the Governor, Ahmed Idris and made available to Newsmen in Birnin Kebbi, quoted the Secretary to the State Government, Alhaji Yakubu Bala-Tafida as making the plea in a message to the entire people of the state on behalf of the governor.


The statement adds that, the message is in comemmoration of 32 years of existence of Kebbi State which was created on 27th August, 1991.


The statement, while congratulating the government and good people of the state for attaining 32 years of existence, Gov. Idris assures that the present administration is fully determined to bring positive development to the state.


It enjoins the people to continue praying for peace to reign across the state, observing that peace is critical to meaningful development of any society.


The statement however says, the governor assures that his administration is keenly interested in advices, suggestions as well as constructive criticism that will move the state forward, "as together we shall make Kebbi a great state envy of all". 

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