Corporate Affairs Commission

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.

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.

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.

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.

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.

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.

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).

The Amalgamated Market Traders Association of Anambra State (AMATAS) has suspended the immediate past President General of the Union, Chief Okwudili Ezenwankwo, as Board of Trustees (BOT) member of the association.

If the SEC goes ahead with this action it will be in clear violation of the interim injunction obtained by Oando’s principals Adewale Tinubu, the Group Chief Executive and Omamofe Boyo, the Deputy Group Chief Executive which restrains SEC, its servants and agents from directing or requesting any agency of the Government to act upon its decisions contained in its letter of 31st May pending the hearing.

The Managing Director and Chief Executive Officer of the Nigeria Deposit Insurance Corporation (NDIC), Umaru Ibrahim, has appealed to the 9th Senate for the speedy passage of the pending NDIC Act, 2006 (as amended) currently before the National Assembly.

The National Association of Seadogs, (NAS) has said that the confraternity was not a secret cult as erroneously believed.

The unavailability of documents from the Corporate Affairs Commission (CAC) has stalled the forgery trial of John Abebe, the younger brother of former first lady, late Mrs Stella Obasanjo on Friday in an Ikeja Special Offences Court.

Following the recent herdsmen-farmers clash in the eastern zone, town union presidents under the aegis of the Indegenous Imo Town Unions (IITU) and their counterparts in the southeast have threatened to resort to self defence if the federal government fails to address the menace of herdsmen in the region.

Highlights of the 19-page document includes the indictment of individuals, amounts involved, obstruction of investigation by suspects and recommendations.

The Securities and Exchange Commission has concluded its investigation of Oando Plc and ordered the Group Chief Executive Officer of the company, Mr Wale Tinubu, and other affected board members to resign.

Fulani herdsmen organisation, Miyetti Allah Cattle Breeders Association of Nigeria, has expressed displeasure with the criticisms against the group’s comparison with the pan-Yoruba socio-political group, Afenifere, and the apex Igbo body, Ohanaeze Ndigbo.

A Lagos High Court sitting in Ikeja has revoked the bail granted to a former banker, Chester Ukandu, who is standing trial for alleged forgery and impersonation.

The Corporate Affairs Commission (CAC) has given micro, small and medium-scale enterprises (MSMEs), 90 extra days to register their business names at the reduced cost of N5,000.