ASO Savings and Loans Plc (NGSE:ASOSAVINGS) has denied reports of Milost Global Inc. investing in ASO. ASO Savings has denied refuted media reports that Milost Global had concluded plan to invest $250 million into ASO. ASO Savings, according to a report by Business Post, said in a statement that it had not entered into any agreement with Milost Global. It stated: "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 $250 million 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."