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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PETER OBI WILL SOON JOIN APC- BWALA. (PHOTO).

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 Peter Obi will soon join APC - Bwala


Special Adviser to President Tinubu on Policy Communication, Daniel Bwala, has declared  the former presidential candidate of the Labour Party, Peter Obi will soon be defecting to the ruling All Progressives Congress (APC) 


According to Bwala, the APC will empty the opposition Labour party of all its major members.


Bwala claimed that Valentine Ozigbo's coming to the APC is a major indication that Obi will also join the party.


The presidential aide said this on TVC Breakfast show on Wednesday, March 12.


He said: "Do you know we are emptying the Labour Party? Not because we are asking them to coming. They are coming. Valentine Ozigbo has joined us, Balami has joined us, even Peter Obi will join us. 


"Peter Obi will not run in Labour Party. They are all leaving Labour Party, it's a fact. For Valentine Ozigbo to come to our party, Valentine Ozigbo is actually the custodian of Peter Obi. Then I know for a fact that Peter Obi will join us. Do you know why I say that? . 


"You see after one or two weeks of this mini-dramatic activity, because the way they scheme these things is that every week, you will hear a breaking news 'a gladiator has joined SDP', so that they will dominate the media space with conversations, and  I hope that the media will be smart enough to know that. 


"By the time the two weeks is over and they are able to enjoy this momentary coverage, when they sit down they'll start fighting over who will be president or vice president. 


"The reason El-Rufai did not go to PDP is because the structure there he can't go and dictate things for them, but he told the world that the chairman of SDP is his friend, so they went there because they want to go and dictate."

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