Corporate Affairs Commission

House of Representatives has begun investigation of the alleged breach of Nigeria’s laws on local content in the execution of the Federal Government project to construct a gas pipeline from Ajaokuta to Kano.

The House of Representatives Committee on Nigerian Content Development and Monitoring yesterday met with the management of the Nigerian National Petroleum Corporation, Brentex/CPP Consortium and Bablink Resources Ltd over alleged breach of Local Content Act.

Justice Ayokunle Faji of the Federal High Court in Lagos has granted leave to the National Drugs Law Enforcement Agency (NDLEA) to destroy a 1×20 feet container loaded with 381 bags of Ammonium Nitrate, a Chemical used in producing explosives.

The Federal High Court in Abuja, on Friday, declined to issue an order of mandamus to compel the Inspector General of Police and the Attorney-General of the Federation to arrest, investigate and prosecute the new President-General of Ohaneze Ndigbo, Prof. George Obiozor.

Residents and landlords of Victory Park Estate, Lekki, Lagos State, have accused the Asset Management Corporation of Nigeria AMCON, of harassment over their property despite pending court cases and orders.

The Lekki Concession Company (LCC) has again appealed for the understanding of aggrieved youths who are bent on preventing the company from commencing the evaluation of the extent of the damage done to its assets on the night of Tuesday, October 20, 2020, citing the subsisting bank debts and the fate of its over 500 workers as compelling reasons the process ought to begin now.

The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit asking the Federal High Court, Abuja, to “stop President Muhammadu Buhari from implementing draconian and unlawful provisions of the Companies and Allied Matters Act, 2020 which allow the Federal Government to arbitrarily merge a new association with an already registered association; to suspend and remove trustees of any association; and to take over funds belonging to any association, and transfer such funds to another association on the pretext that the account is dormant.”

The federal government announced that the registration for the Guaranteed Off-take Stimulus scheme (GOS) and the general micro, small and medium enterprise (MSME) grant will commence on February 9.

Justice Inyang Ekwo of the Abuja Division of the Federal High Court on Friday ratified the appointment of a liquidator for Process and Industrial Developments (Nigeria) Limited (P&ID Nigeria), a company registered in Nigeria.

The controversy around the loans obtained from China assumed a disturbing dimension as the House of Representatives yesterday uncovered N5bn waiver illegally obtained by a Chinese firm.

The Gan Allah Fulani Development Association (GAFDAN) has faulted the agreement reached between the South West Governors and the Miyetti Allah Cattle Breeders Association of Nigeria (MACBAN) in Akure, Ondo State.

The Economic and Financial Crimes Commission (EFCC) has opened its case against Babachir Lawal, a former secretary to the government of the federation (SGF), accused of N544 million fraud.

The Registrar-General/Chief Executive, Corporate Affairs Commission (CAC), Alhaji Garba Abubakar, yesterday said all accredited customers must revalidate their accreditation with the commission before the end of March or have their respective accounts suspended.

Association of SIM Registration Agents (ASREG) has urged Federal government to lift suspension order placed on sales, registration and activation of SIM cards in the country.

With the kind of impact and interest already generated among Nigerians by the ongoing implementation of the Survival Fund under the Economic Sustainability Plan, there is now a need to expand the scope and reach of the benefits to an even larger number of the populace, according to Vice President Yemi Osinbajo, SAN.

Nigeria’s Minister of Information and Culture, Lai Mohammed, has said his only regret as a minister is that some Nigerians have failed to appreciate that the administration of President Muhammadu Buhari is doing so much with little resources.

The Federal High Court in Abuja, on Monday, declined to issue an interim injunction to restrain apex Igbo socio-cultural group, Ohanaeze Ndigbo, from going ahead with its planned election.

The House of Representatives is set to investigate the N19.2 billion railway rehabilitation contract awarded to Eser Contracting Industry Company Incorporated in March 2011.

The Nigeria Deposit Insurance Corporation (NDIC) on Friday explained why failed banks retain high volume of unclaimed deposits, long after they have closed.

Despite criticisms from many Nigerians of the two-week ultimatum for the registration and linking of National Identity Number (NIN) to mobile numbers, the federal government has insisted on the deadline.

Two directors of an oil and gas company, Green Energy International Ltd., have taken their business partners to court, alleging injustice, cheating and demanding N250 million in damages.

The federal high court in Enugu has convicted Isidore Nwankwo, who was said to have paraded himself as the rector of Enugu Polytechnic, Ndeabor, for defrauding students of the institution of N1,153,700.