By Dipo Olowookere
One of the leading primary mortgage companies operating in Nigeria, Aso Savings and Loans Plc, has refuted media reports that an American private equity firm, Milost Global incorporated, was investing $250 million into the financial institution.
The bank, in a statement issued by its management, emphasised that it has not entered into any agreement with Milost Global.
In the statement, the lender appealed to members of the public to disregard the piece of news it described “false.”
Aso Savings said at the moment, it has not informed the Nigerian Stock Exchange (NSE) of such arrangement.
“The management of ASO Savings & Loans Plc is aware of the recent news in the print and electronic media suggesting that Milost Global Inc is set to inject $250M equity capital into ASO Savings & Loans Plc.
“We dismiss this claim and wish to state that ASO had at no time issued any notice to Nigerian Stock Exchange (NSE) as purported in the media. ASO Savings & Loans Plc has not entered into any agreement with Milost Global Inc. Members of the public are implored to disregard the false news that has pervaded the media.
“Any change to ASO’s business structure or operations will be duly communicated by the Bank through the appropriate channels. ASO will continue to strive to be the Mortgage Bank of choice and explore innovative ways to meet the housing needs in Nigeria,” the bank said.
Modupe Gbadeyanka 
Aduragbemi Omiyale