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

STRENGTHENING GRASSROOTS SECURITY: NPF, ALGON FORGE COLLABORATION, AS IGP PLAYS HOST TO ALGON . (PHOTOS). #PRESS RELEASE.

-


 PRESS RELEASE


STRENGTHENING GRASSROOTS SECURITY: NPF, ALGON FORGE COLLABORATION, AS IGP PLAYS HOST TO ALGON 



As IGP Harps on Regular Town Hall Meetings at LGs


The Inspector-General of Police, IGP Kayode Adeolu Egbetokun, Ph.D., NPM, during a courtesy visit by the Association of Local Governments of Nigeria (ALGON) at the Force Headquarters, Abuja, engaged in discussions aimed at bolstering cooperation between ALGON and the Nigeria Police Force. The meeting focused on strategies to strengthen grassroots policing and address various challenges faced in ensuring effective participation by local governments in policing at the local level.


ALGON, led by its National President, Hon. Kolade David Alabi, reiterated the commitment to supporting the Nigeria Police Force in filling crucial gaps and enhancing security measures at the grassroots level. Discussions revolved around initiatives to address existing vacuums in policing and to ensure comprehensive coverage of policing activities across communities.


During the deliberations, the IGP recalled ALGON's past support, particularly through the provision of vehicles such as the renowned "ALGON Jeep," which significantly contributed to police operations. He expressed optimism about the potential revitalization of such collaborations and emphasized the importance of sustained efforts in this regard.

ALGON affirmed its intention to reinvigorate its support for the Nigeria Police Force, including the revival of initiatives like the "ALGON Jeep" program, to further strengthen grassroots policing efforts.


The Inspector General of Police, while welcoming ALGON's proactive approach, assured that the NPF under his watch is committed to fostering robust partnerships to enhance security and maintain law and order at all levels. He also noted that the Nigeria Police Force looks forward to the implementation of proposed initiatives and anticipates a fruitful partnership with ALGON in safeguarding communities and promoting peace and security across the nation.


ACP OLUMUYIWA ADEJOBI, mnipr, mipra, fCAI,

FORCE PUBLIC RELATIONS OFFICER,

FORCE HEADQUARTERS,

ABUJA.


28th March, 2024.

More photos below. 




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