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Trending News: FRSC, EFCC Join Forces to End Economic Sabotage, Road Traffic CrashesNigeria to Strengthen Conflict-sensitive Climate AdaptationBREAKING: Three Killed As Suspected Bandits Ambush Motorists In KwaraNCS Cautions Public on Auctioning of Seized ItemsEXCLUSIVE: How Four Policemen Attached To ‘Land Grabber’ Ariori Left Duty Post For Illegal Assignment At Lagos’ Owode Market, Shot Three DeadBREAKING: Suspected Amasiri Warriors Invade Ebonyi Community, Behead Farmer Amid Land DisputeNEC Moves to Fast-track $1trn Economy, Endorses Renewed Hope Five-Year Economic PlanGDP: Govs Back FG’s $100 Billion Creative Economy Target By 2030Gov Mbah Revamps, Upgrades Nigergas after 30-year DormancyDangote Group, Ethiopia Strike Deal to Build $2.5 Billion Fertiliser PlantOye Cautions on Abrupt Banning of Shea Nuts’ Export, Canvasses Phased Transition PeriodJapan’s Credit Rating Agency Affirms Afreximbank’s A-/Stable RatingAkpabio Inaugurates Projects in Akwa Ibom, Credits Tinubu for Prompt FundingOjulari Pledges Renewed Transparency in NNPC, Says Oil Company Under AttackMinister Bosun Tijani Listed Among 2025 TIME Magazine’s 100 Most Influential Persons on AITinubu: My Global Shuttles Aimed at Growth, Job Creation, Nation’s ProsperityINC Decries Double Standard in Nigeria’s Solid Minerals, Crude Oil LawsFG Inaugurates 21-man Advisory Team to End Building Collapse, Quackery, OthersCanada Commits $15.75m to Empower Nigerian Women Through ActionAid’s Renewed Leadership ProjectAfDB Invests $55bn in Trade Infrastructure as FG Seeks to Deepen Trade Ties with Benin, CamerounOML17: Heirs Energies Sets Ambitious 100,000 Bpd, 150mmscf/d Gas Output Targets  IFEOMA MONYE AT 60Zichis Agro-allied Industries Eyes Listing Shares on NGXNEC Moves to Fast-track $1trn Economy, Endorses Renewed Hope 2026-2030 Economic PlanAfriland Properties Pays Interim Dividend of  N178.6mAll On Chairman Urges Bold Investments to Bridge Energy Gap in NigeriaEXCLUSIVE: EFCC Detains NAHCON Chairman’s Brother, Aka ‘De Facto Chairman’, Sirajo Usman, Over Hajj Expenditure, Alleged N50Billion FraudFG Denies Signing Agreement With ASUU, Describes Document As DraftSoludo Can Never Be Distracted FG Flags off Landmark Agro-value Chain Initiative to Empower 10m WomenFoundation Empowers 150 Indigent Students With Scholarship on Health Education in KwaraAgain, FG Raises Passport Application Fees Tinubu’s Visit to Brazil, Waste of Nigeria’s Scarce Resources, Says Adebayo Derailed Train: NSCDC Reiterates Vow to Safeguard Critical AssetsEXCLUSIVE: Ekiti State To Spend N12.7Billion On ‘Cash Transfers’ To Residents In Three Years, Details Of Beneficiaries UnclearPDP Criticises Okpebholo’s Reckless Allocation of N2.5bn to UBTHADC is Rescue Plan for Nigeria, Says Political ExpertVIDEO: ‘Even If I Sell Niger State To Fund Projects, It’s Not Your Business; 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ASO Savings and Loans Charts Growth Path as Shareholders Approve Strategic Roadmap for Recapitalization, Digital Transformation, Market Expansion

ASO Savings and Loans Plc has received overwhelming shareholder approval for a bold and forward-looking strategic roadmap focused on recapitalization, digital transformation, and market expansion. The approvals were granted at the Bank’s 18th to 27th Annual General Meeting (AGM), held virtually on Monday, June 30, 2025, with full regulatory backing.

The AGM, convened with the endorsement of the Central Bank of Nigeria (CBN) and other supervisory bodies, also marked the formal approval of the Bank’s audited financial statements for the years 2015 to 2024—a clear reaffirmation of ASO’s commitment to regulatory compliance, transparency, and stakeholder accountability.

Under the leadership of Risikatu Ladi Ahmed, Managing Director/CEO, the Bank has laid a solid foundation for sustainable growth through a transformative strategy that includes: A ₦60 billion phased capital raise via rights issue and private placement; Strategic investment in digital infrastructure, including a digital mortgage platform; and targeted market expansion to reach diaspora Nigerians, civil servants, and underserved communities.

Speaking during the AGM, Chairman of the Board, Alhaji Abdul Kofarsauri, stated:

“With a clear roadmap, regulatory alignment, and rising investor confidence, ASO Savings and Loans Plc is positioned for long-term institutional strength, innovation, and sustainable growth in Nigeria’s financial services sector.”

Also addressing shareholders, MD/CEO Risikatu Ladi Ahmed, added:

“The recapitalization path is clear. We’ve done the heavy lifting, and now we’re entering our growth phase—with the confidence of our regulators and the support of our investors.”

The AGM also highlighted ASO’s renewed innovation-driven outlook, including digital mortgage solutions, rent-to-own schemes, and enhanced credit origination and recovery systems—all aimed at repositioning the Bank as a national leader in housing finance.

Prominent shareholder and investor advocate Mrs. Bisi Bakare praised the management’s vision and execution, saying:

“We are impressed by the clarity and ambition of the Bank’s transformation plan. The transparent conduct of the AGM and the strategic roadmap presented inspire fresh confidence in ASO’s future.”

With restored regulatory alignment, improved governance frameworks, and a clear trajectory for growth, ASO Savings and Loans Plc is charting a decisive path toward full institutional recovery, market relevance, and long-term value creation for all stakeholders.

​  

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    FRSC, EFCC Join Forces to End Economic Sabotage, Road Traffic Crashes

    FRSC, EFCC Join Forces to End Economic Sabotage, Road Traffic Crashes

    Kasim Sumaina in Abuja

    In another landmark shift in inter agency collaboration, the Federal Road Safety Corps (FRSC) and the Economic and Financial Crimes Commission (EFCC) have sealed a strategic alliance to stamp out economic sabotage and confront the devastating scourge of road traffic crashes (RTCs) threatening lives and draining Nigeria’s economy.

    Speaking during the strategic engagement, the Executive Chairman of the Commission, Mr. Ola Olukoyede, emphasised that the two organisations share strikingly similar mandates as they both interface directly with the Nigerian public in ways that deeply affect lives, safety, and national prosperity. 

    He stressed that beyond combating economic crimes, the EFCC is also charged with addressing economic sabotage, an area where transport operators who flout regulations cause devastating ripple effects on national growth and citizens’ welfare.

    On his part, the Corps Marshal, Federal Road Safety Corps, Shehu Mohammed, amplified the urgent need for the strategic partnership between the agencies to confront the twin threats of reckless driving and its attendant fatalities, as well as the financial hemorrhage resulting from such recklessness. 

    He maintained that road safety is not merely a transport issue but a national security and economic imperative, requiring a multi sectoral approach to safeguard human lives and stabilise Nigeria’s economy.

    He said: “This alliance between the FRSC and EFCC, both highly respected institutions in the national space, is a bold declaration that economic sabotage through unlawful transport practices and the carnage on Nigerian roads will no longer be tolerated. 

    “It represents a fusion of integrity, law enforcement, and public safety, setting a new benchmark for how Nigerian institutions can unite to protect lives, preserve resources, and secure the future.

    “With this partnership, Nigerians can expect a tougher, more coordinated crackdown on economic crimes linked to the transport sector and a renewed offensive against the culture of impunity that has long endangered lives and undermined national progress.

    “The message is clear! economic sabotage and reckless endangerment of lives on our roads will be confronted with the full weight of the law as FRSC and EFCC, together are determined to raise the bar of strategic partnership.”

    The post FRSC, EFCC Join Forces to End Economic Sabotage, Road Traffic Crashes appeared first on THISDAYLIVE.

    ​  

    Kasim Sumaina in Abuja In another landmark shift in inter agency collaboration, the Federal Road Safety Corps (FRSC) and the Economic and Financial Crimes Commission (EFCC) have sealed a strategic alliance
    The post FRSC, EFCC Join Forces to End Economic Sabotage, Road Traffic Crashes appeared first on THISDAYLIVE.

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    Nigeria to Strengthen Conflict-sensitive Climate Adaptation

    Nigeria to Strengthen Conflict-sensitive Climate Adaptation

    Michael Olugbode in Abuja

    The Federal Ministry of Environment, through its Department of Climate Change, in collaboration with the NAP Global Network, has launched an inception workshop aimed at strengthening Nigeria’s capacity for conflict-sensitive climate adaptation while unveiling a new report on integrating peace building into the country’s National Adaptation Plan (NAP) process.

    The event, held in Abuja, brought together senior government officials, development partners, security experts, and representatives from various ministries, departments, and agencies (MDAs). It marked a critical step in mainstreaming conflict-sensitivity into Nigeria’s climate policies and development planning.

    Delivering the welcome address on behalf of the Director, Department of Climate Change, Dr. (Mrs.) Eviano Aguirre-Awe, Deputy Director Johanna Baruge, stressed the urgency of addressing climate impacts that are increasingly exacerbating insecurity across Nigeria.

     “Climate change is already driving extreme weather events, threatening biodiversity, damaging infrastructure, and fueling security challenges. 

    While mitigation efforts continue, adaptation is equally crucial so that we can adjust systems without undermining daily life,” she said.

    She explained that Nigeria’s ongoing NAP formulation will provide a medium to long-term strategy for addressing climate vulnerabilities in a transparent and participatory manner.

     Representing the NAP Global Network, Ms. Katrina underscored the importance of linking adaptation with peace building.

     “Unpredictable rainfall, rising temperatures, and resource stress often intersect with social and political tensions. If poorly managed, these pressures can worsen inequalities and deepen conflicts.” 

    “But if addressed thoughtfully, they can foster cooperation, dialogue, and peace,” she noted, adding that Nigeria’s leadership in this space sets an example for other countries grappling with similar challenges.

     The Permanent Secretary of the Ministry, in his opening remarks, recalled Nigeria’s commitment under international agreements such as the UN Framework Convention on Climate Change and the Kyoto Protocol, highlighting the country’s pledge under its Nationally Determined Contribution (NDC 3.0) to cut greenhouse gas emissions by 47 per cent with international support.

    He explained that beyond mitigation, Nigeria’s NAP process—supported by the Green Climate Fund—is focusing on adaptation strategies in 13 thematic areas, including climate risk and vulnerability assessments, to strengthen community resilience.

    He emphasised that conflict-sensitivity is vital, given Nigeria’s security challenges such as farmer-herder clashes, cattle rustling, and banditry.

     “Ignoring medium and long-term adaptation needs in a fragile, conflict-prone context would be a mistake. Climate action, if conflict-sensitive, can break cycles of fragility by tackling root causes, improving social well-being, and promoting peace,” he said.

     The new report launched at the workshop outlines practical guidance for integrating peace building into adaptation processes, identifying enabling factors such as leadership, data, financing, institutional arrangements, stakeholder engagement, and skills development.

    Stakeholders were urged to provide meaningful input into the materials being developed and to ensure that climate activities undertaken by their institutions are conflict-sensitive.

    The workshop concluded with a call for stronger collaboration, capacity building, and inclusive approaches that position Nigeria as a global leader in linking climate resilience with peace building.

    The post Nigeria to Strengthen Conflict-sensitive Climate Adaptation appeared first on THISDAYLIVE.

    ​  

    Michael Olugbode in Abuja The Federal Ministry of Environment, through its Department of Climate Change, in collaboration with the NAP Global Network, has launched an inception workshop aimed at strengthening Nigeria’s
    The post Nigeria to Strengthen Conflict-sensitive Climate Adaptation appeared first on THISDAYLIVE.

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