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Trending News: BREAKING: Gunmen Kidnap Wife, Daughter Of APC Chairman In KwaraBREAKING: Southern Kaduna Village Attack Survivor Dies, Death Toll Climbs To NineEl-Rufai: There Are Now More Poor Nigerians Than Our 1960 PopulationFG Calls for Truce as NUPENG Vows to Embark on Strike Today Over Dispute with DangoteCardoso: CBN Committed to Economic Stability, Stronger Banks, More Investment InflowsNULGE: AGF Plotting to Preempt S’Court, Set to Pay Osun LG Funds to APC Chairs, Councillors Sacked by CourtATCIS Nigeria Kicks against 100% Hike in Passport FeeRMRDC DG Hails Shea Nuts Ban, Insists Raw Materials Should Not Be Exported Without 30% Value Addition After Six Years, Court Clears First Nation CEO, Odukoya of Fraud AllegationsGas Flaring: Carbon Offset to Address Crime, Violence in N’DeltaMalnutrition: UNICEF Stresses Need for States’ Urgent, Sustained Investment in Child Nutrition, SurvivalTinubu Rejoices with Shettima, Others on Emergence as Fellows of Nigerian Economic Society Expert Warns against Catastrophe in Power Market as Senate Amends Electricity Act 2023 Two Years after Steel Devt’ Ministry Seeks Strengthening of NMDC, Jos to Align with FG’s Mandate United Nigeria, South West Airlines Seal Agreement for Delivery of 6 Boeing B737-800 Olori Atuwatse III Champion African Women’s Conference Towards Empowerment Leadway Holdings Announces Acquisition of PAL PensionsRep. 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Wahab: Culture of the Environment is Pivotal in Developing Military StrategyOsun 2026: Why I’m On Ward Tour, By BabayemiNOSDRA Reaffirms Commitment to Transparency, Collaboration in Safeguarding Nigerian EnvironmentNorth-east: Taraba Green House Will Protect Food Security, Settle Hunger Crisis, Says ZulumAfrica’s Security Landscape Demands Dynamic Responses, Says AgwaiSokoto Provides Relief to Victims of Bandit Attacks TFN Inducts 502 Professionals, 93 School Leaders into Fellowship ProgrammeBREAKING: Gunmen Kill Eight NSCDC Personnel, Kidnap Chinese National In Edo StateExport Ban on Shea Nuts: Stakeholders Urge Customs to Effectively Police All Borders2027: There’ll Be No Reason for S’East to Vote against Tinubu, Says APC ChieftainNBA, Enugu and a Conference Like No OtherAbia Moves to Mitigate Health Hazards of Underground Water Contamination in Oil CommunityVarsity Don Urges FG to Review Transport Policy, Reduces Carnage on HighwaysSokoto Reinforces Security Apparatus With New Vehicles, Motorcycles FAAN Urges Early Arrival as Airport Terminal Reconstruction BeginsBREAKING: 28 Persons Infected As Rare Disease Hits Adamawa, Authorities Await DiagnosisTambuwal: Tinubu, APC Destabilising Opposition Parties, Warns Against One-party StateSilent Killer: Experts Sound the Alarm on Hypertension SurgeIndia Oil Corporation Shuns US Crude, Buys 2m Barrels from NigeriaEid El Maulud: Governors, PDP, Wike, First Lady Preach Peace, Seek Nigeria’s ProgressAdeniyi: Nigeria Rallying African Heads of Customs to Clear Trade ObstaclesWanted Sujimoto CEO Pledges to Report to EFCC, Denies AllegationDSS Files Terrorism Charges Against Ansaru Leaders Linked to Kuje Prison BreakRewane: Nigeria’s GDP Will Hit $357bn if Power Supply Moves from 4,500MW to 8,000MWNDLEA Nabs 26 Suspected Traffickers With 41,410.53kg of Illicit Drugs76 Security Personnel Killed In Benue Over Past Year –Govt OfficialEbola Outbreak Reported in DR Congo, Claims 15 LivesFG Mourns Victims of Niger Boat MishapBREAKING: Bandits Abduct Serving Councillor In Southern KadunaReligious Body Seeks Collective Fight Against Corruption in NigeriaSERAP Trains N’Delta Women on Access to JusticeHow Dapo Abiodun is Transforming Ogun With Road ConstructionInsurgency: Ndume Urges Tinubu To Prioritise N’ east in 2026 Budget Nigerian Police Inspector Accused Of Sexually Assaulting 8-Year-Old Orphan In AbujaKano Corruption Allegations: CSOs Support  EFCC, ICPCLagos Embarks on Statewide Educational Needs Assessment Project to Drive Policy ReformsKaduna Assembly Budgets N5.3Billion For Lawmakers’ Vehicles, Residences —More Than Constituency ProjectsLady, 21, Kills Father of Her Two Kids in DeltaKogi Commissioner Refutes False Debt ClaimsMartha Agba Applauds Gov Otu, Deputy for Successful Northern TourArmed Thugs Allegedly Loyal To Ex-Minister Sylva Invade Bayelsa Community Chiefs Council Meeting, Disrupt ProceedingsSulaiman-Ibrahim Charges Nigerian Women to ‘Arise, Aspire, Ascend’ at Lagos APC SummitRMRDC DG Hails Shea Nuts Ban, Insists Raw Materials Should Not Be Exported Without 30% Value AdditionBauchi Speaker Bags NIM Fellowship for Excellence in GovernanceKnight Frank Spotlights Infrastructure Growth, Market Resilience, Emerging Trends in New Report Appraising Wike: A Candid Political PrognosisDeputy Speaker Kalu, Finance Minister Resolve Indigenous Contractors Crisis With FGJonathan: Nigerian Politics is Full of Traitors, LiarsCBN Replacing Civil Servants with APC Members as LG Accounts’ Signatories, Says Osun ALGONAlausa Clarifies Donation to Teeneagle Winners, Says It’s Personal GiftPolice Summon Ex-Kaduna Gov, El-Rufai, Others for Disturbance of Public PeaceOil Sector in Frenzy after New Report Says Dangote Refinery Petrol Unit May be Out for 3 MonthsKano Corruption Allegations: CSOs Support  EFCC, ICPCAdvisory Services Firm Lauds NNPC on New Appointments
Mon. Sep 8th, 2025

Shareholders Back ASO Savings & Loans N120bn Recapitalisation 

Kayode Tokede 

Shareholders of ASO Savings & Loans Plc have thrown their weights behind ongoing N120 billion recapitalisation of the bank. 

Shareholders, who spoke after the annual general meeting (AGM) of the bank, said the steady progress being made under the current board and management has reinforced confidence in the outlook of the bank.

They noted that the holding of the AGM, the first in more than 10 years, signalled the return of the bank to effective compliance and operational excellence. 

President, Association for the Advancement of Rights of Nigerian Shareholders (AARNS), Dr Faruk Umar, who spoke on behalf of the shareholders, said the bank has made commendable progress under the current leadership.

“We fully support the bank’s ongoing N120 billion recapitalisation programme and the strategic  plan for integration with Union Homes Savings & Loans Plc, which we believe will enhance capacity, unlock new value, and strengthen ASO’s role in Nigeria’s mortgage finance sector.

Shareholders assured that they would continue to support the strategic initiatives by the board and management.

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