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Corporate Affairs Commission

Absence of judge stalls trial of ‘kidnappers’

The magistrate court in Aba has adjourned the trial of the suspected kidnappers of a toddler, Chismidiri Obilor.

Annual returns: CAC moves against defaulting companies

Corporate Affairs Commission on Monday urged companies operating in the country to file their annual returns as provided by the law or risk being de-listed from its register.
The Economic and Financial Crimes Commission (EFCC) says an investigation is ongoing on the seized $2.8 million at Akanu Ibiam International Airport, Enugu.

N4 billion scam: EFCC assures Bluekey investors of diligent investigations

The Port Harcourt Zonal office of the Economic And Financial Crimes Commission, EFCC, has assured scores of investors of Bluekey Investment Club across the Niger Delta of diligent investigations.

N9.7 billion fraud: Witness tells court how former NAF chief converted NAF’s N1.2 billion...

Hammadama Bello, the 9th prosecution witness (PW9), in the ongoing trial of former Chief of Air Staff, Air Marshal Mohammed Umar Dikko, before Justice Nnamdi Dimgba of the Federal High Court, Maitama, Abuja, on Thursday, October 31, 2019, told the court that the defendant allegedly converted the sum of N1.2billion, belonging Nigerian Air Force to his personal use.

Babatunde Fowler: Technology future of tax administration

The Federal Inland Revenue Service (FIRS) has hinged the future of tax administration in Nigeria to technology.
Lagos State Governor, Babajide Sanwo-Olu has disclosed that the State Government is in the process of acquiring an estimated 32,000 hectares of farmland for rice cultivation in seven states.

Igbo traders appeal to Lagos governor over market attacks

Worried by harassment and violent attacks from hoodlums, including people claiming to be working for Ojo Local Government, a group of Igbo traders in Alaba International market has appealed to Lagos State Governor Mr Babajide Sanwo-Olu to come to their aid by taking urgent steps to save their lives and their means of livelihood.

Court-ordered meeting forces Dangote Flour to postpone AGM

The management of Dangote Flour Mills on Friday announced the postponement of the company’s Annual General Meeting (AGM) for the year ended December 2018.

CAC clears N1bn salary increment backlog

The Corporate Affairs Commission on Wednesday said it has paid the over N1bn salary increment arrears which was approved in 2013 by the Federal Government.

Federal government restates commitment to better trade relations with Poland

The Minister of Industry, Trade and Investment, Mr Adeniyi Adebayo, has reiterated Federal Government’s commitment to strengthen relationship between Nigeria and Poland in terms of trade, commerce and industrialisation.

Nigeria listed among ‘Top-20 improvers in Doing Business for the year 2020’

An annual report published by the World Bank has listed Africa’s largest economy country, Nigeria, among the top 20 improvers in doing business.

My billionaire client is fraudster, threat to national security – lawyer tells court

Justice Christopher Balogun of the State High Court at the Tafawa Balewa Square, TBS, Onikan, Lagos, on Wednesday, remanded Abubakar Peters, Chairman, Nadabo Energy Limited, in prison for plotting to evade trial and abscond from the country.
An Ilorin, Kwara State lawyer Olarewaju Aluko and his client, Taiye Na’Allah, on Thursday sued the Economic and Financial Commission (EFCC) at a Kwara State High Court for alleged defamation of character.

EFCC arrests wonder bank operators over alleged N2 billion scam

Operatives of the Economic and Financial Crimes Commission, EFCC, Port Harcourt Zonal Office, have arrested 19 staff of a fake investment company allegedly floating a Ponzi Scheme, with which they have defrauded members of the public N2,000,000,000.

FBI burst: Nigeria to repatriate funds stolen by fraudsters – NFIU

The Federal Government has begun the process of repatriating funds allegedly stolen by Nigerian fraudsters from individuals and corporate organisations in the United States of America and other parts of Europe.

CAC updates registration for SMEs, others

In line with the ease of doing business policy, the Corporate Affairs Commission (CAC), has made changes to the pre-incorporation and post-incorporation processes on its portal.
President Muhammadu Buhari has felicitated with all the 2019 Nigerian pilgrims over the successful completion of their Hajj rites and the Eid-el-Kabeer celebration.

Presidency moves to strengthen fiscal discipline in Aso Rock

The Anti-Corruption and Transparency Monitoring Unit, ACTU, in the Presidency, yesterday declared the unit’s willingness to partner with MBA Forex and Capital Investment Limited to improve a culture of accountability and transparency in the country.

NIMC extends NIN enrolment to Nigerians in Austria, Germany

The National Identity Management Commission (NIMC), has concluded plans to extend National Identification Number (NIN) enrolment to Nigerians in the Diaspora, who are residing in Austria and Germany.
Bet9ja

Court officials raid Bet9ja over ‘name, seal infringement’

Sheriffs of the Federal High Court, Lagos on Thursday raided a Lagos office of online bookmaker Bet9ja and recovered a seal suspected of infringing the copyright of Lotto9ja Ltd, owned by rival bookmaker, Western Lotto Nigeria Ltd.
Vice President Yemi Osinbajo stated this at the end of a four week-training for 1500 youths who participated in the N-Creative programme held in Benin.

VP Osinbajo: Nigeria’s future bright

Corporate Affairs Commission, CAC, Vice President, Yemi Osinbajo, has again reassured that Nigeria’s future is bright going by the progress being made by the Micro, Small and Medium Enterprises (MSMEs).

Recent Stories

The 2019 Nigeria Ladies Golf Open Championship teed off on Wednesday at the IBB International Golf and Country Club in Abuja, with Ugandan Irene Nakalembe dictating the pace.

Nigeria Ladies Golf: Ugandan Nakalembe wins opening round

The 2019 Nigeria Ladies Golf Open Championship teed off on Wednesday at the IBB International Golf and Country Club in Abuja, with Ugandan Irene Nakalembe dictating the pace.

Nigerian woman pleads guilty to drug trafficking

A Nigerian woman pleaded guilty today to leading a conspiracy to import more than five kilograms of cocaine, as well as to her role in a separate bank fraud scheme, and to making false statements relating to fraudulent claims submitted to Medicaid for reimbursement.
Japan's Emperor Naruhito smiles as he heads to the Imperial Palace in Tokyo. Emperor Naruhito will declare Tuesday he had ascended to the Chrysanthemum Throne at the palace.

Japan’s emperor to perform thanksgiving rite with Sun Goddess

Japan’s new Emperor Naruhito will on Thursday perform an elaborate and secretive ritual dating back 1,300 years, giving thanks to the Sun Goddess Amaterasu as part of his enthronement rites.

13 killed in Lagos-Ibadan highway car crash

Thirteen persons were on Wednesday died in an auto crash at Sapade-Ogere axis of the Lagos-Ibadan Expressway, officials said.
The Speaker of the House of Representatives, Femi Gbajabiamila, has called for an improved welfare package for teachers in Nigerian as they join their colleagues globally to mark this year’s World Teachers’ Day. 9

Reps speaker urges NCC on SIM card registration

The Speaker of the House of Representatives Hon Femi Gbajabiamila on Wednesday urged the Nigerian Communication Commission (NCC) to ensure that all the subscriber identity module (SIM) cards in the country are properly registered.