Wetin dey happen, my padi? Na serious matter wey CBN just drop for ground. Dem don revoke the licenses of Aso Savings and Loans Plc and Union Homes Savings and Loans Plc! E be like say dem don cross line plenty times, and na dis one carry dem go the edge.
According to the CBN, dis wahala na because the banks no fit meet all the requirements wey dey ground. Dem no fit meet the minimum paid-up share capital wey dem suppose get, and to make matter worse, dem dey critically undercapitalised. As per their assets, no be small, dem no fit cover their liabilities.
CBN talk say dem dey follow the powers wey dem get from Section 12 of BOFIA 2020 and some other regulations. Dem need to clean up the mortgage sub-sector, so dat financial institutions wey go operate go dey more reliable. E mean say, dem wan make sure say people wey dey save money for banks feel safe for their investments.
On top this matter wey don happen, the Nigeria Deposit Insurance Corporation (NDIC) don waka come confirm say dem don start to pay people wey get money for Aso Savings and Union Homes. Na dem go liquidate the banks now, beginning with verification of insured deposits. If you be depositor, you dey entitled to collect mouth-watering N2 million per person.
No be joke o! NDIC go use your Bank Verification Number (BVN) to trace your other bank accounts and make payment smooth. If your money pass the limit, dem go pay you wetin you fit collect first, then dem go settle the rest later as liquidation dividends. So, if you dey owe Aso or Union Homes, abeg make you go clear and regularise your debt, so dem no go come chase you later!
Depositors fit check their claims online for them wey sabi waka the internet, or if you prefer, you fit go near the closed banks from December 16 to 30, 2025, where NDIC representatives go dey wait for you.
No forget to carry your proof of account ownership and valid ID like driver’s licence or national ID. E go help you collect your money quick-quick! As the process dey go, dem go first settle depositors before dem think of how to pay creditors and employees.
So, my people, dis na reminder to all of us wey dey put money for financial institutions. Make sure say you dey check your banks regularly, no wait make dem carry your matter waka enter news before you fit act. CBN dey serious about ensuring financial stability, and na watin dem dey do now be dis.
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