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CAC to delist 100,000 companies from database

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CAC to delist 100,000 companies from database

CAC to delist 100,000 companies from database

The Corporate Affairs Commission (CAC) has said it will remove 100,000 registered companies from its database soon.

During a training on ‘Use of the beneficial ownership register’, in Lagos, the Registrar-General and Chief Executive Officer, CAC, Alhaji Garba Abubakar, disclosed the commission’s intention to delete 100,000 registered companies from its database.

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“CAC steps up enforcement of 100,000 companies to go off its register for failure to file an annual return,” Abubakar said.

According to him, 100,000 companies that failed to file annual returns in the last 10 years were due to be struck off by the Corporate Affairs Commission.

Abubakar, however, said the commission would send notice of striking off to the affected companies before embarking on the action as enshrined in section 692 of the CAMA, 2020.

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He explained that the companies were entitled to be relisted after payment of their outstanding debts and order of a court, as provided by the law.

Abubakar advised companies to ensure timely payment of their annual returns to avoid being struck off.

Speaking on Africa’s first Beneficial Ownership Register, built by the CAC with the support and assistance of the World Bank, the registrar general said it would go a long way in curbing corruption, money laundering, and terrorism financing.

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He urged stakeholders, especially, investigating agencies, legal practitioners, journalists, and civil society organisations, to utilise the BOR in discharging their responsibilities.

In his remark, the Chairman of the Nigerian Bar Association Section on Business Law, NBA-SBL, Dr Adeyeye Adefulu, commended the CAC for recording another important milestone in its history.

Adefulu said NBA-SBL would sustain its existing cordial relationship with the commission. He charged members to make good use of the knowledge acquired at the training for the benefit of the Nigerian economy.

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Also speaking, the President of the Association of Bureau De Change Operators of Nigeria, Aminu Gwadabe, underscored the importance of the BOR in the fight against money laundering and terrorism financing.

Gwadabe, who highlighted some of the dangers associated with money laundering and terrorism financing, advised professionals to apply due diligence while dealing with their clients.

CAC to delist 100,000 companies from database

 

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Plateau Governor Sets Up Committee to Probe Two Decades of Attacks

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Plateau State Governor, Caleb Mutfwang, has inaugurated a 10-member fact-finding committee tasked with uncovering the root causes of the persistent attacks plaguing communities across the state.

Speaking during the inauguration ceremony on Tuesday in Jos, Governor Mutfwang charged the committee with conducting a comprehensive review of violent incidents from 2001 to date. “We thought that we should set up this high-powered fact-finding committee to look at the incessant attacks on our communities,” the governor stated.

According to Mutfwang, the committee is expected to perform an in-depth assessment of the recurring security breaches, determine the number of affected communities, and assess the extent of damage done over the years. “We want to understand the root causes and propose actionable recommendations for lasting peace, justice, and stability in the affected communities,” he said.

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The committee’s mandate also includes establishing the number of casualties, identifying possible perpetrators and their motives, and uncovering potential routes used by bandits to access Plateau State. “Identify possible routes of bandits into the state and recommend measures to limit their access,” the governor added.

Chairman of the committee, retired Maj.-Gen. Rojas Nicholas, thanked the governor for the confidence reposed in the members. He pledged that the committee would approach its assignment with fairness and commitment. “We will do our best to produce a report that would befit its assignment,” Nicholas assured.

The committee is expected to submit its findings and recommendations in due course, with hopes that the report will provide a pathway to durable peace and security in the state.

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British-Nigerian Makes History as London Mayor — A Source of National Pride, Says NGIJ President

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President of the Nigerian Guild of Investigative Journalists (NGIJ), Mr. Abdulrahman Aliagan, has praised British-Nigerian Bright Opeyemi for becoming the youngest serving Mayor in the London Borough of Barking and Dagenham.

In an interview with the News Agency of Nigeria (NAN) on Monday in Abuja, Aliagan described Opeyemi’s rise as a landmark achievement in British political history and a proud milestone for Nigeria.

“The 29-year-old British-born daughter of Nigerian immigrants was officially inaugurated on May 16 as Mayor,” Aliagan noted.

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“She now holds the title of First Citizen of the London Borough of Barking and Dagenham; a borough known for its diversity, resilience, and vibrant youth population.

“Opeyemi’s ascension is not just a personal victory, but a shining example of the excellence of the Nigerian diaspora and a source of national pride.

“She grew up in a family devoted to community building and social impact,” he added.

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Aliagan highlighted that Opeyemi was elected as a councillor at just 22 and has spent the past seven years advocating for youth empowerment, social inclusion, and economic opportunity in her borough.

“Her rise to the mayoralty is the result of years of tireless service and stands as a testament to her character, competence, and credibility,” he emphasized.

He further stated that Opeyemi’s leadership represents a shared story—one rooted in resilience, achievement, and progress in multicultural societies.

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“Her victory is especially symbolic as it challenges stereotypes around youth disengagement from politics.

“She epitomises a new wave of dynamic, inclusive, and globally minded leadership,” Aliagan said.

According to him, Opeyemi’s journey reaffirms the positive impact of Nigerian values such as education, resilience, and service when integrated into international systems.

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“She proudly carries her Nigerian heritage with dignity. Her success is proof that culture and identity are assets, not obstacles, in public leadership,” he said.

Aliagan also noted that her story offers a refreshing counter-narrative to the often negative portrayal of Nigeria in global media.

“Her election should serve as a wake-up call. It reflects the untapped potential of our youth and diaspora community,” he added.

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He called on Nigerian institutions and the government to draw inspiration from Opeyemi’s accomplishment by investing in youth leadership and incorporating diaspora voices into national policymaking.

“For young Nigerians, especially women, Opeyemi is living proof that neither age, gender, nor immigrant roots are barriers to greatness,” Aliagan concluded.

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NUJ Condemns Armed Attack on Rhythm 94.7FM, Calls It an Assault on Press Freedom

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The Nigeria Union of Journalists (NUJ), Bayelsa State Council, has strongly condemned the recent armed attack on Rhythm 94.7FM, a privately owned radio station based in Yenagoa, describing the incident as a grave threat to press freedom.

In a statement issued to newsmen on Monday in Yenagoa, the NUJ Bayelsa Chairman, Comrade Tonye Yemoleigha, and Council Secretary, Comrade Stanley Imgbi, decried the assault, calling it “a rape on the entire media family in Bayelsa and on press freedom.”

According to the statement, the radio station was attacked on two separate occasions—Saturday, May 17, at about 2:10 p.m., and Sunday, May 18, at 4:40 p.m.—by unidentified gunmen who carted away valuables during the operations.

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“Some of the valuables collected include mobile phones, recorders and operational gadgets belonging to staff on duty,” Yemoleigha disclosed.

The NUJ Chairman called on security agencies, particularly the Bayelsa State Commissioner of Police, to ensure that the perpetrators of the crime are identified and brought to justice.

He also urged the police to station a patrol van near the premises of the media house, given its isolated location, similar to measures taken in other strategic points across Yenagoa.

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Yemoleigha, however, expressed relief that no lives were lost during the attacks.

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