Critical Notice: The license of ASO Savings and Loans Plc was revoked by the Central Bank of Nigeria (CBN) on December 15, 2026. The Nigeria Deposit Insurance Corporation (NDIC) has been appointed as the liquidator.
What This Means for Depositors
If you had deposits with ASO Savings and Loans Plc, the NDIC has commenced the liquidation process and verification of depositors.
Insured Deposit Coverage: Depositors will be paid up to a maximum of ₦2,000,000 (Two Million Naira) per depositor under the NDIC deposit insurance scheme.
Background
ASO Savings and Loans Plc was a Primary Mortgage Institution (PMI) incorporated in Nigeria on November 9, 1995, headquartered in Abuja. The company had been facing financial difficulties:
- Shares were suspended on the Nigerian Exchange (NGX) since July 5, 2017 for failing to meet statutory filing obligations
- The suspension was lifted in October 2026, allowing trading to resume briefly
- As of June 30, 2026, the company reported negative shareholder equity of approximately ₦51 billion
What Depositors Should Do
- Contact NDIC for information on the deposit verification process
- Gather your account documentation (account statements, deposit receipts)
- Follow official NDIC announcements for payment schedules
Contact Information
Nigeria Deposit Insurance Corporation (NDIC)
Website: ndic.gov.ng
Role: Appointed Liquidator of ASO Savings and Loans Plc
This article has been updated to reflect the current status of ASO Savings and Loans Plc. Online banking and mobile services are no longer available.
Last Updated on January 4, 2026
URL: https://log-in.me/asosavingsloans-abuja-nigeria/