Category: Business

CAC Registrar-General bags ICSAN Fellowship Award

Lukman Laleye Babalola

The Institute of Chartered Secretaries & Administrators of Nigeria (ICSAN) has awarded the Registrar-General/CEO of Corporate Affairs Commission (CAC), Hussaini Ishaq Magaji, SAN Honorary Fellowship. ICSAN held its annual dinner and awards on Friday 13th September, 2024 at the MTN Plaza, 1, Awolowo Road, Falomo roundabout, Ikoyi, Lagos.   Conferring the award on him, the ICSAN President/Chairman of Council, Mrs. Funmi Ekundayo, FCIS, said the fellowship award was in recognition of his display of unparalleled leadership, entrepreneurial, and administrative skills.   She added that the Registrar-General’s enviable commitment to the…

CAC to shutdown unregistered POS Businesses as September 5 Deadline expires

Emporium Reporters

The Corporate Affairs Commission (CAC) has disclosed that it is set to take action against Point of Sales (PoS) businesses that have failed to register their businesses following the passing of the September 5 deadline earlier announced. The CAC alleged that POS businesses that failed to register may be involved in illegal activities.   The Commission added that it is working with law enforcement agencies and other relevant stakeholders to deploy sanctions such as possible shutdown and other severe legal consequences against POS operators who have not complied with the…

Onigbinde commends Ogbomoso South Local Govt Chairman on construction of Kajola modern market

Lukman Laleye Babalola

The development of modern market infrastructure in Ogbomoso South Local Government has been described as a landmark development that will facilitate growth of trade and commerce in the community. According to Mr. Benjamin Onigbinde who is the Convener of Ogbomoso Economic and Investment Summit and a member of 25years Development Plans’ Commerce and Industry Committee, the multiple effect of the new Kajola Modern Market will significantly promote employment, and improve security. He stressed that standard market environment is pivot to increase trading activity including hygiene food preservation, trader’s and finance…

CAC bags BPSR Gold Level Award for Excellent Service Delivery

Lukman Laleye Babalola

The Bureau of Public Service Reforms (BPSR) has awarded the Corporate Affairs Commission CAC a Gold Level Award for Exceeding Expectations. The Director General of BPSR, Mr. Dasuki Arabi, presented the award to the Registrar-General/CEO, CAC Hussaini Ishaq Magaji, today in his office. He revealed that the award was the outcome of a compliance report following Federal Government directives mandating the Bureau BPSR to facilitate the deployment of the self-assessment tool (SAT) across all Federal Ministries, Departments, and Agencies (MDAs) and to submit quarterly status reports to the Office of…

RG dismisses alleged case of Defamation,offensive publication against CAC, Others by Nigeria Law Society ….. Affirms Commission’s stand on NLS status

Lukman Laleye Babalola

The Registrar General Corporate Affairs Commission CAC,Hussaini Ishaq Magaji, SAN has dismissed the claim by the Nigeria Law Society through its Lawyer,Chief Bolaji Ayorinde SAN that the commission made defamatory publication on its status through This Day and Leadership Newspaper .   NLS in a letter signed by its Lawyer asked RG and the commission to retract the publication or face N5 Billion suit after 7 days ultimatum.   A reply sighted by Emporium Reporters ,CAC RG, Hussaini Ishaq Magaji in a letter addressed to the NLS Lawyer,Chief Bolaji Ayorinde,SAN…

Entrepreneurship: RG CAC tasks Varsity students to register businesses before graduation

Lukman Laleye Babalola

The Registrar-General/CEO Corporate Affairs Commission (CAC), Hussaini Ishaq Magaji, SAN, has advised Nigerian university students to ensure that they graduate as entrepreneurs by acquiring the CAC certificate to immediately become entrepreneurs. Hussaini Ishaq Magaji gave the charge while speaking to newsmen in Lafia Nassarawa State shortly after a meeting with the State Governor, Abdullahi Sule. Hussaini Magaji said aside from obtaining an academic certificate, a CAC certificate should equally be acquired for greater productivity. He therefore stressed the need for all graduates to acquire entrepreneurship skills before graduation and have…

Tinubu appoints Michael Hadi Ango as Acting Chairman, FCT-IRS

Lukman Laleye Babalola

President Bola Ahmed Tinubu has approved the appointment of Mr. Michael Hadi Ango as the Acting Chairman of the Federal Capital Territory Internal Revenue Service (FCT-IRS).   President Tinubu believed Mr. Ango will bring his wealth of experience and proven track record in revenue administration, financial management, and organizational leadership. With over 20 years of service in various public and private sector capacities, he has consistently demonstrated his commitment to excellence and innovation in revenue collection and management.   Mr Michael Ango holds an LLM degree from the Columbia University…

FG applauds MTN Nigeria over donation of N1bn to fight hunger

Emporium Reporters

Federal Government has commended MTN Nigeria for its donation of N1 billion to the Federal Government’s Food Support Programme and 4,600 digital devices for distribution to schools.   Vice President Kashim Shettima gave this commendation on behalf of the government while receiving MTN Nigeria Chairman,Mr. Ernest Ndukwe at the Presidential Villa in Abuja on Friday, August 9, 204.   Shettima said: “I am hugely proud of your (MTN’s) stability as a company and commitment to the progress of our country.   “We have witnessed a couple of changes in the…

CAC, AMCON strengthen collaboration to recover lost assets

Lukman Laleye Babalola

The Registrar-General/CEO of the Corporate Affairs Commission, Hussaini Ishaq Magaji, has been applauded for his support to the Assets Management Corporation of Nigeria (AMCON CAC Desk).   The Managing Director/CEO, AMCON, Mr. Gbenga Alade, stated Tueday in Abuja during a courtesy call to the Commission.   Gbenga Alade who noted with delight the cordial working relationship between AMCON and CAC lamented that some debtors who misappropriated loans, funds, and properties, among others, still remain elusive, hence the need to strengthen collaboration with the CAC as the custodian of company records.…

BREAKING: MTN shuts down offices nationwide

Emporium Reporters

Telecoms giant, MTN, has shut all its stores and service centres across Nigeria.   This was disclosed terse statement on X (formerly Twitter), on Tuesday, July 30, 2024.   MTN said: “Yello customer, please be informed that our shops nationwide will be closed today, 30th July 2024.”   This was coming on the heels of an outrage by some of its subscribers across the country after the network provider barred their lines on Sunday.   In a viral video on social media Monday, a mob is seen destroying a barricade…