Corporate Affairs Commission

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.

MTN Nigeria Communications Plc on Tuesday announced that it had successfully completed the registration of 20,354,513,050 ordinary shares of N0.02 each with the Securities and Exchange Commission.

The Federal Government on Monday extended by three months the 50 per cent discount it offered operators of Micro, Small and Medium Enterprises to register their company names.

The Nasarawa State Government has directed the Nasarawa State Urban Development Board (NUDB), Development Control Department to take over the management of CAJAAH Mass Housing Estate, Orozo, Abuja over ownership and management crisis.

Suspended Director General of Securities and Exchange Commission (SEC), Mounir Gwarzo, reportedly awarded contracts to a company in which he is a director to the tune of N33 million while in office.

The police have arrested a former Director-General, National Task force to Combat Illegal Importation, Smuggling of Small Arms, and Light Weapons, Osita Okereke, for allegedly defrauding job seekers of millions of naira.

The Amnesty Office has maintained that it breached no public procurement law in the award of N88 million contract for the empowerment of 22 Niger Delta youths in barbing and beauty salon business under the Presidential Amnesty Programme (PAP).

A Federal High Court in Maitama, Abuja, on Friday, admitted more documents presented to it by the Economic and Financial Crimes Commission, EFCC, in evidence against a former Jigawa State governor, Sule Lamido, and others.

Nigerian Financial Intelligence Unit, NFIU, by the Egmont Group of Financial Intelligence Unit yesterday, said it had impounded N10 billion suspected criminal funds.

The Corporate Affairs Commission (CAC) said it had registered 3,098,193 companies and firms in Part A, B and C categories from its inception in 1990 to March 21.

The Nigeria Customs Service (NCS) has so far distributed 63,000 bags of rice, gallons of vegetable oil and clothing to some orphanages and IDPs in the South-West and North-West zones of the country.

The Corporate Affairs Commission (CAC) has said that all is set for its 2019 quarterly Customers’/Stakeholders Forum.