Aso Savings and Loans
Tracked across 4 events · 55 articles · First seen Dec 16, 2025 · Last active Jul 23, 2026
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Regulatory
Impact: Aso Savings and Loans had its operating license revoked by the Nigeria — Central Bank of Nigeria due to persistent regulatory infractions, insufficient assets, and critical undercapitalization, leading to its liquidation.
Dec 16, 2025 · 23 articles
Regulatory
Impact: Licence restoration suspended; company cannot resume operations pending Supreme Court ruling. Continues legal battle for reinstatement.
Jul 14, 2026 · 9 articles
Regulatory
Impact: The company was a respondent in the case and lost assets, affecting its financial standing.
Jul 18, 2026 · 17 articles
Regulatory
The Nigeria — Nigeria Deposit Insurance Corporation (NDIC) has commenced payment of insured deposits to customers of 46 microfinance banks whose licenses were revoked by the Nigeria — Central Bank of Nigeria (CBN) on July…
Impact: Aso Savings is mentioned as a past case where depositors were paid within 72 hours, indicating NDIC's track record.
Jul 22, 2026 · 6 articles
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