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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NATHANIEL BASSEY SHARES TESTIMONY OF HOW HE GOT U.S, PRESIDENTIAL PRAYER BREAKFAST INVITE.(PHOTO).

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Nathaniel Bassey shares testimony of how he got US presidential prayer breakfast invite


Popular gospel singer and pastor Nathaniel Bassey, in a viral video during a recent Christian event, spoke about his invitation to US President-elect Donald Trump's presidential inaugural prayer.

Legit.ng recalls reporting a few days ago that Nathaniel trended after reports of him being invited to serve at Trump's Presidential Inaugural Prayer Breakfast in Washington, D.C., on January 20, 2025, emerged.

The reports revealed the gospel singer would minister at a non-governmental and non-political event hosted by Reverend Merrie Turner, which will take place prior to Trump and Vice President-elect JD Vance's inauguration.


The gospel singer who graced Pastor Poju Oyemade's World Faith Believers Convention (WOFBEC) for this year spoke about the invite to the presidential inaugural prayer breakfast.

During his ministration at the event, Nathaniel narrated how he received a call from a lady who introduced herself as Reverend Turner and shared how God told her to send for him to release God's glory upon the United States.

Watch video below.


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