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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MOST NIGERIANS IN NEED OF PSYCHOLOGICAL ATTENTION- ONAIYEKAN. (PHOTO).

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 Most Nigerians in need of psychological attention – Onaiyekan


Retired Catholic Archbishop of Abuja and former President, Christian Association of Nigeria, Cardinal John Onaiyekan has said lots of Nigerians are in need of psychological attention because of the problems facing the country.

According to Onaiyekan,  Nigerians are battling socio-economic crises and depression as never before and require the Church to step in to avoid a total breakdown of the fabrics of the nation. 

Onaiyekan made the remarks in Abuja during the foundation laying ceremony of the Building and Remodeling of the Dominic Cardinal Ignatius Ekandem Villa which houses the Gaudium et Spe Institute, Asokoro Abuja.

The Abuja Catholic Arch. Bishop, Kaigama Ignatious performed the foundation laying ceremony of the building which would cost the Catholic Community about N1.6 billion. 

Speaking with newsmen,  Onaiyekan said Nigerians are going through lots of challenges and difficulties beyond spiritual,  health, education and physical problems which had over time engaged the attention of the Church. 

According to him:” People are facing difficulties,  and there is much problems in our country now,  so beyond spiritual support,  we need to provide psychological support for the people. 

“The church has always  impacted the lives of the people in many ways,  we build schools to educate children and adults, health facilities to give physical treatment in hospitals, even the major job we do  as religious leaders, we deal with spiritual problem of the people.

“This particular project is beyond, health, education, spiritual and physical because it is also for psycho-spiritual work to help people who do not have only spiritual problems but have psycho problems.”

Onaiyekan explained the project when completed would take care of people with various social challenges as the Catholic Community and Church had trained lots of people to attend to such needs. 

 Kaigama commended the project Committee headed by Senator Ndoma Egba for their commitment so far,  saying the building was in honour of late Dominic Cardinal Ekandem who devoted his life to the services of the people. 

“We are hoping by the  grace of God and generosity of good spirited people to erect this building in honour of his eminence, Late Dominic Cardinal Ekandem. 

“This was where he was to live before he died. This place is being transformed into a spiritual home., where people can come and get help, do retreat and  prayers, and engage in psychotherapy, counseling, amongst others,” Kaigama said.

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