Breaking: Central Bank of Nigeria Revokes Operating Licenses of Aso Savings & Loans, Union Homes

Union Homes Savings and Loans Plc and Aso Savings and Loans Plc have had their operation licenses revoked by the Central Bank of Nigeria (CBN).

Hakama Sidi Ali, the CBN Acting Director of Corporate Communications, issued a statement on Tuesday announcing this.

According to reports, the two main mortgage banks’ operating licenses were cancelled due to many regulatory infractions and financial difficulties.

Details to come.