NDIC begins liquidation of ASO Savings, Union Homes after CBN revocation 

The Nigeria Deposit Insurance Corporation (NDIC) has commenced the liquidation of ASO Savings and Loans Plc and Union Homes Savings and Loans Plc following the revocation of their operating licences by the Central Bank of Nigeria (CBN). This sets in motion the payment of insured deposits to thousands of customers of the defunct mortgage banks…