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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EDO DECIDES: I WILL WIN WITH A LANDSLIDE, IGHODALO BOASTS. (PHOTO).

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 Edo Decides: I will win with a landslide, Ighodalo boasts


The governorship candidate of the Peoples Democratic Party (PDP) Dr. Asue Ighodalo has boasted he will win with a landslide. 

He spoke with reporters at his polling Unit 3, Ward One, Idinrio Vocational Centre, Okaegben-Ewohimi in Esan Southeast Local Government Area. 

He hailed the military for providing adequate security for the poll.

Ighodalo, who was accompanied by his wife, Ifeyinwa, and younger brother, Pastor Ituah Ighodalo, of Trinity House, Lagos, also stated from the reports of PDP’s leaders, members and coordinators across Edo, the poll was peaceful and going on smoothly, with massive turn-out.

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