LivingTrust Mortgage Bank Delays 2025 Audited Accounts Filing
LivingTrust Mortgage Bank Plc has missed the March 31, 2026 regulatory deadline for filing its 2025 Audited Financial Statements, citing an ongoing unscheduled regulatory special examination. The bank has secured SEC approval to file by April 30, 2026, but the situation raises questions investors should not ignore.
LivingTrust Mortgage Bank Plc disclosed to the Nigerian Exchange Limited on April 10, 2026, that it failed to meet the March 31, 2026 deadline for publishing its 2025 Audited Financial Statements. The bank attributed the delay to an unscheduled regulatory special examination — described as part of financial systems strengthening — which overlapped with its audit timeline and caused unforeseen disruptions to the process.
The Securities and Exchange Commission has granted an extension, giving the bank until April 30, 2026 to file and publish the accounts. While extensions are not unusual in Nigerian capital markets, the combination of a missed deadline and an active special regulatory examination is a significant flag for retail investors.
A special examination typically signals that a regulator has identified areas requiring closer scrutiny within a financial institution. Investors should note that the bank is currently operating under acting company secretarial leadership, as the filing was signed by an Acting Company Secretary.
Shareholders should watch closely for the actual publication of the 2025 accounts by April 30, monitor any further regulatory communications from CBN or SEC, and assess the financial health indicators once the audited statements become available.
