CBN REVOKES OPERATING LICENSES OF ASO SAVINGS AND LOANS PLC AND UNION HOMES SAVINGS AND LOANS PLC. (PHOTO).

-
Image
 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...
Post a Comment

SPEAKER CONGRATULATES EMIR OF ZAZZAU ON 3RD ANNIVERSARY. (PHOTO).

-


Speaker Congratulates Emir Of Zazzau On 3rd Anniversary 

Speaker House of Representatives Abbas Tajuddeen, has joined millions of people from Zazzau Emirate, Kaduna State and Nigeria at large to to congratulate the Emir of Zazzau Malam Ahmed Nuhu Bamalli, CFR, on his third anniversary on the throne.

his Special Adviser on Media and Publicity MalamMusa Abdullahi Krishi, the Speaker described the Emir as an embodiment of peace and unity not only in the Zazzau Emirate but in the entire country.

Dr Abbas Tajuddeen, also noted with delight how the Emir who is the Chairman Kaduna State Council of Traditional Rulers, has been providing good leadership in the Zazzau Emirate, Kaduna State, Northern Nigeria and the country as a whole.

He said leaders like Emir Ahmed Nuhu Bamalli, are needed in the society for peace, unity, growth and development of the people. 

Speaker Abbas, who is currently holding a traditional title in the Emirate as Iyan Zazzau maintained that the royal father has been a blessing to Zazzau Emirate since his ascension to the throne three years ago.

"His invaluable contributions to nation building through the traditional institutions are legion. I make bold to say that the Zazzau Emirate is lucky and blessed to have His Royal Highness as its Emir at this time," the Speaker said.

Speaker further prayed for continuous Allah's protection, blessings, sound health and long life for the Emir to enable him to continue providing good leadership.

Malam Ahmed Nuhu Bamalli, was appointed the 19th Emir of Zazzau on October 7th, 2020 by the immediate past governor of Kaduna State, Malam Nasir Ahmed El-rufai, following the demise of late Alhaji Shehu Idris who spent about 45 years on the throne.

Comments

Post a Comment

Popular posts from this blog

SHAKIRA COVERS WOMEN'S HEALTH MAGAZINE,APRIL ISSUE.

-
Image
             Gerard Pique,welcomed their first child into the world last year January.Shakira told the magazine that ''I think it takes two to keep it passionate in relationships,a lot of laughter and a lot of fun moments together,that's essential but also affinity,you know.You have to be compatible.I'm really happy where i am right now,with the person that i'm with right now.He seems to want the same things i want,and that's very important''.More pictures below.                                                                                                                    
Read more

INNOSON GIVES OUT BRAND NEW IVM G5 AND SALARY FOR LIFE TO THE MAN WHO PROPHESIED ABOUT HIS VEHICLE MANUFACTURING IN 1979.(PHOTO).

-
Image
Innoson Gives Out Brand New IVM G5 and Salary For Life To The Man Who Prophesied About His Vehicle Manufacturing In 1979.  Last Saturday, July 22nd the Chairman of Innoson Vehicle Manufacturing Company Ltd, Chief Dr Innocent Ifediaso Chukwuma OFR gave out a brand new Innoson IVM G5 to Mr Ikechukwu Osakwe popularly known as Osabros who prophesied to him in 1979 that he would be the first man in Africa to manufacture vehicles and sell to different African countries.  The prophecy was given at the period the then Innocent Chukwuma could not boast of a car, talk less of manufacturing one. According to Dr Chukwuma during the presentation of the car, he recalled on how Mr Ikechukwu Osakwe all the way from Kano blocked him at the front of his house early in the morning and told him he has a message for him.  Mr Osakwe went on to narrate a dream he had about him, how he saw in the said dream his vehicle manufacturing company known as CAP PLC. "He told me that CAP means Chukwuma ...
Read more

THE NEW OONI OF ILE-IFE,WILL NOT EAT THE HEART OF THE LATE OONI-PALACE CHIEFS.

-
Image
                           According to the Araba of Osogboland Chief Yemi Elebuibon,debunk the rumors that the new Ooni will eat the heart of the late Ooni of Ife as custom demands,so he cleared the air when he recently said that ''The heart of the late king would not be fed to the next Ooni.The eating of the heart of a departed King by an incoming one belonged to the past.It no longer exists.People still make this insinuation because many are barred from witnessing the burial of a king.What the incoming king will eat is the heart of an animal and not that of a human.Nobody will be buried with the Ooni.Nobody would be killed for any form o sacrifice''.Thank God he clarified the part that no one will be buried with the Ooni,because the rumors going round is that the Sarun,otherwise known as Abobakun,is on the run,to escape being buried with the late Ooni of Ife.Lowa Adimula of Ife,Oba Joseph Ijaodola,who is the Head o...
Read more