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 WHO CLAIMS TO BE MOHBAD’S BROTHER SHARES REASON SINGER',S NEVK WAS BENT.(PHOTO).

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Man who claims to be Mohbad’s brother shares reason singer’s neck was bent

A young man who claimed to be the brother of late Nigerian singer, Mohbad, has gone viral online.

In a trending video, he boldly claimed to be a sibling of the deceased as he spoke about his death.

According to the young man, his father allegedly gave somebody money to buy a casket but he didn’t buy the right size.

“Hello guys I am Mohbad’s brother. I have been seeing many comments on social media asking why was his neck bent. Actually my dad gave somebody money to buy a casket and he didn’t buy the right size so we just buried him like that.”

 

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