THE Corporate Affairs Commission (CAC) has declared its plan to revoke the incorporation certificates of some Bureaux De Change (BDCs) following the revocation of their licenses by the Central Bank of Nigeria (CBN). In a statement on its website on Wednesday, CAC stated that it would revoke the certificates of …
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CAC Registration: Police Go After illegal PoS Operators
THE Federal Government has said mandatory registration of Point-of-Sales, PoS, operators nationwide will reduce kidnapping and help security agencies arrest recipients of ransom payments from kidnap victims. It also vowed that security agencies would go after PoS operators who fail to comply with the directive to register with the Corporate …
Read More »CAC To Delist 100,000 Companies From Database
The Corporate Affairs Commission 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. …
Read More »CAC Set To Sanction 100,0000 Companies
The Corporate Affairs Commission CAC will between now and end of July blacklist and close down initial 100, O00 companies that had defied its regulations forthwith. The exercise, which is going to be continuous, will be sustained to instil sanity into the operations of entities. The Registrar General, Corporate …
Read More »CAC Unveils Ownership Register Of Companies
The Corporate Affairs Commission (CAC) has launched the Beneficial Ownership Register, an open data document that contains the names of persons with significant control of companies. Speaking at the unveiling in Abuja yesterday, the Registrar General of the CAC, Alhaji Garba Abubakar, said the launch was to foster transparency in …
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