62-YEAR-OLD BRAZILIAN RANCHER KILLS 24-YEAR-OLD GIRLFRIEND AFTER SHE ENDED THEIR 4-MONTH RELATIONSHIP. (PHOTO).

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 62-Year-Old Brazilian Rancher Kills 24-Year-Old Girlfriend After She Ended Their 4-Month Relationship A 62-year-old Brazilian cattle rancher has reportedly shut and k!lled his 24-year-old girlfriend moments after she ended their relationship, following months of alleged threats and controlling behaviour. Priscila Lacerda Custodio, a digital marketing professional, had been dating João Roberto Bolelli for just four months before deciding to walk away from the relationship. According to Globo, a friend revealed that Custodio had complained about Bolelli hiring people to monitor her movements and threatening to k!ll her. He reportedly questioned her about her travels, repeatedly accused her of infidelity and allegedly assaulted her four days before her death. Fearing for her safety, the 24-year-old reportedly took her brother and a friend along when she visited Bolelli's ranch in São Paulo on Friday to return a pickup truck she had been using. However, an argument broke out between t...
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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 prudential minimum.

- Non-compliance with several directives and obligations imposed by the regulator.


The statement, signed by **Hakama Sidi Ali (Mrs.), Acting Director, Corporate Communications**, emphasized: "The CBN remains committed to its core mandate of ensuring financial system stability."


These two institutions have faced longstanding challenges, including past complaints from depositors, allegations of corporate governance issues, and delisting from the Nigerian Exchange (NGX) in 2024 due to failure to submit audited accounts for over six years.


The revocation means both banks can no longer operate as licensed financial institutions. Depositors and stakeholders are advised to monitor further announcements from the CBN or the Nigeria Deposit Insurance Corporation (NDIC) regarding potential liquidation or resolution processes.

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