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CAC to delist over 91,000 companies over infractions

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The Corporate Affairs Commission is set to delist 91,843 companies for failing to file their annual returns with it.

In a list published on its website, the commission listed 91,843 companies for delisting (2,738 less than the 94,581 it initially published in August). This is still less than the initial 100,000 companies that CAC said it would remove in an earlier announcement.

In July, the Registrar-General and Chief Executive Officer, CAC, Garba Abubakar, revealed that the commission would delete 100,000 registered companies from its database for failing to file an annual return.

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

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At the time, Abubakar announced that 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.

In an update on December 5, CAC said, “Further to its earlier notice of the commencement of striking off the names of Companies from the Register of Companies and published on August 2, 2023, the Commission hereby notifies the General Public that the list of Companies that have failed to comply with the provisions of the Companies and Allied Matters Act 2020, to file up to date annual returns is now ready for publication in accordance with the provisions of Section 692 of the Act.

“Companies who filed complete annual returns in response to the earlier publication are advised to confirm removal from the list of Companies to be struck off. The updated list for publication is available on the Commission’s website.”

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It noted that any company that filed complete annual returns but still has its name on the list should send a mail with evidence of filing to compliance@cac.gov.ng not later within 30 days.

It further stated that it is unlawful for any company whose name has been struck off the register of companies to carry on business unless its name is first restored to the register by an order of the Federal High Court.

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It added, “The General Public should note further that the striking off of the name of a Company from the Register of Companies is without prejudice to the powers of the Commission to enforce any liability arising under the Act against the directors of the struck off Company.”

Crime

Yahaya Bello honours EFCC invitation after consulting family

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Yahaya Bello honours EFCC invitation

Former Kogi State Governor Yahaya Bello has honoured the EFCC’s invitation after consultations with his family, legal team, and political allies. The EFCC declared him wanted over allegations of fraud during his time in office.

 

Former Kogi State Governor, Yahaya Bello, has honoured the invitation of the Economic and Financial Crimes Commission (EFCC) after careful consultations with his family, legal team, and political allies.

The EFCC had earlier declared him wanted over allegations of fraud and corrupt enrichment during his tenure in office.

 

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Also read: Yahaya Bello loses bid to hear N80bn fraud case in Kogi

 

In a statement released by his media office on Wednesday, Yahaya Bello explained his decision to engage with the EFCC, citing his respect for the rule of law.

He emphasised that his legal team had been representing him in court to ensure due process in all proceedings related to the case.

Bello highlighted his commitment to clearing his name, stating that he has nothing to hide and fully supports President Bola Ahmed Tinubu’s efforts to combat corruption in Nigeria.

He also noted that during his governorship, he was the first to introduce an anti-corruption mechanism in Kogi State, aimed at preventing graft and ensuring state resources were used for the benefit of the people.

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Accompanied by high-profile Nigerians, Bello urged the EFCC to act professionally and respect his fundamental rights as a citizen. Further details of his meeting with the EFCC are expected to be shared in due course.

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Religion

IK Ogbonna condemns fake miracles by Nigerian pastors

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Fake miracles by Nigerian pastors

Nollywood actor IK Ogbonna has condemned fake miracles by Nigerian pastors, warning that their deceptive practices harm Christianity and manipulate believers for personal gain.

Nollywood actor IK Ogbonna has raised concerns over the increasing number of Nigerian pastors performing fake miracles. In an Instagram post, he described these actions as a serious betrayal of the true essence of Christianity.

He highlighted how the deception not only damages the church’s reputation but also manipulates vulnerable believers, exploiting their faith for personal profit.

 

Also read: “6 different pastors extorted money from me, took advantage of my desperation” – Jim Iyke reveals

 

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Ogbonna emphasised that such fraudulent acts have severe consequences, including broken trust, shattered lives, and distorted faith.

He called on pastors engaged in these practices to reflect on their actions, urging them to stop using God’s name for falsehood, which he termed a direct betrayal of the gospel.

He also called on the Christian Association of Nigeria (CAN) to implement stricter regulations and accountability for those posing as pastors.

According to Ogbonna, Christianity should remain rooted in truth, love, and humility, not be used for manipulation or financial gain.

He urged Christians to remember that true miracles cannot arise from deception and urged believers to protect the integrity of their faith.

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Education

Lagos state government announces increase in boarding fees for model colleges

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Lagos State boarding fee increase

The Lagos State Government has increased boarding fees in model colleges to N100,000 per term, citing improved student welfare as the reason.

 

The Lagos State Government (LASG) has announced an increase in boarding fees for its model colleges, effective from the 2024/2025 academic session.

According to a statement released by Mr Ganiu Lawal, Deputy Director of Public Affairs for the Ministry of Basic and Secondary Education, the adjustment is necessary to improve the welfare of students in public boarding schools across the state.

 

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Also read: Rotary Club of Ikeja-Alausa plants trees in Lagos school

 

Lawal explained that the N35,000 fee, which has been in place since 2021, is no longer sustainable due to rising costs.

The newly approved fee of N100,000 will be implemented from the resumption of the 2024/2025 session in September 2024.

The Ministry recognises that the decision has faced criticism from some parents but emphasised the importance of ensuring students’ welfare, including proper nutrition and other essential services such as energy costs for cooking.

The fees, paid every term, are allocated for feeding, janitorial services, and other costs necessary for maintaining the hostels.

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Lawal highlighted the numerous benefits students in Lagos model colleges receive, including free tuition, education infrastructure, technology support, and payment of terminal examination fees, such as WAEC.

He added that the state government remains considerate with the increase when compared to similar institutions across Nigeria.

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The Ministry urged parents to understand the rationale behind the increase and to cooperate for the benefit of the children.

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