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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AIYEDATIWA APPOINTS FIRST FIVE AIDES AS ONDO GOVERNOR. (PHOTO).

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 Aiyedatiwa Appoints First Five Aides As Ondo Governor

Ondo State Governor, Lucky Aiyedatiwa, has appointed five aides barely a few hours after taking the oath of office.

The announcement was made in a statement on Wednesday by the Deputy Chief of Staff to the Governor, Omojuwa Olusegun.

According to the statement, Aiyedatiwa appointed a seasoned journalist, Mr Ebenezer Adeniyan, as his Chief Press Secretary and Sunday Abire as Special Assistant on New Media.

Ebenezer Adeniyan was, until his new appointment, Publisher of Trace News magazine.

Others were Abire Sunday, Special Assistant to the Governor on New Media, Smart Omodunbi, Special Assistant on Political Matters, Monturayo Oyedele, Special Assistant on Photography and Temitayo Iperepolu, Special Assistant on Domestic and Government House.

The first set of appointments takes immediate effect.

 

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