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LP, LLP Business Registrations to be Available Soon—CAC

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CAC

By Modupe Gbadeyanka

Nigerians would soon be able to take advantage of the two new forms of business registrations introduced in the Companies and Allied Matters Act (CAMA) 2020, the Corporate Affairs Commission (CAC) has disclosed.

The Registrar General of the CAC, Mr Garba Abubakar, disclosed at a meeting last week that the new business forms would be available for business owners by the end of August 2021.

In the CAMA 2020, entrepreneurs were given additional options of registering their ventures as Limited Partnership (LP) or Limited Liability Partnership (LLP).

But since the law made provisions for these forms of business registrations, Nigerians have not been able to register their businesses under the new options.

At a stakeholders’ forum in Port Harcourt, Rivers State, Mr Abubakar said his agency was tidying the process for it to be seamless.

He further said CAC was making arrangements to deploy a Customer Relationship Management (CRM) software in 2022 to interact with customers and resolve their challenges 24 hours a day.

Mr Abubakar noted that all but two forms of post-incorporation filings were now available online 24 hours a day on the company registration portal, stressing that the commission no longer entertains filing of share transfer as it was alien to the law.

He added information on Person with Significant Control (PSC) was available free of charge on the CAC website in line with global anti-money laundering requirements.

On the concerns raised by Nigerians over the denial of certain names for registration, the Registrar General maintained that while some of such rejected names had security implications, others were deceptive or abstract, advising customers to always provide fully qualified names that equally agree with objects of the association or organisation applying for registration.

While acknowledging the challenges of some customers while interacting with the CRP, Mr Abubakar enjoined users to always read guidelines for registration made available on the website in addition to leveraging on the multimedia provided to aid user ability.

He, therefore, reiterated CAC’s resolve to continually improve its processes and ensure timely resolution of customer complaints.

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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IPMAN May Halt Fuel Distribution to Sokoto, Kebbi, Others

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Supply of Fuel

By Adedapo Adesanya

The Independent Petroleum Marketers Association of Nigeria (IPMAN), Gusau Depot, has threatened to stop transporting petroleum products within Sokoto, Kebbi, Zamfara and parts of Katsina state.

According to the IPMAN’s Zonal Chairman, Mr Yahya Kamba, the threat came following the federal government’s failure to settle its N40 billion outstanding payment to IPMAN members.

According to Mr Kamba, the payment is based on importation and transportation claims of up to 11 months.

He said the federal government has reneged on the agreement reached with the association.

“It is not a subsidy,” Mr Kamba said, explaining that. “It is money that we marketers contributed. We have to pay a certain amount for every litre we purchase from the government. Just for the country to have a uniform pump price.”

“We contributed this money just the way pensioners contribute their own. So, there is no reason anyone can give us to say they have no money. We are asking for our own contribution.

“Our arrangement is for the Ministry to pay us every week; when you transport this product, you are supposed to be paid within a week; but now we are counting months. We have counted up to 11 months. The payment has stopped since June 2021,” he added.

Amid the recent fuel shortage that rocked Abuja, the marketers had claimed that there was no money to buy the product until the federal government pays the claims and also assist in allocating a cargo of AGO to hasten loading from various loading depots.

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EFCC Questions Ex-NDDC Boss Nsima Ekere Over N47bn Fraud

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Nsima Ekere

By Modupe Gbadeyanka

The former Managing Director of the Niger Delta Development Commission (NDDC), Mr Nsima Ekere, has been grilled by the Economic and Financial Crimes Commission (EFCC).

The former NDDC boss was at the Lagos office of the agency on Wednesday to honour an invitation to him to answer questions surrounding an alleged fraud to the tune of N47 billion.

In 2016, a year after losing the governorship primary election of the People’s Democratic Party (PDP) in Akwa Ibom State to Governor Udom Emmanuel, he was appointed as the MD of the commission.

He left office in 2018 to concentrate on his ambition to rule his home state and contested the gubernatorial poll in 2019 under the All Progressives Congress (APC) and lost again to Mr Emmanuel.

In 2019, President Muhammadu Buhari ordered a forensic audit of the NDDC from 2001 to 2019 and the report of the exercise, according to the former Minister of Niger Delta Affairs, Mr Godswill Akpabio, said several frauds were uncovered.

The EFCC, reports said, has been trailing Mr Ekere and yesterday, he turned himself in and he was questioned on the allegations of contract inflation and award of fictitious contracts while in office.

This development is coming two days after the anti-money laundering organisation arrested the Accountant General of the Federation (AGF), Mr Ahmed Idris, over allegations of diversion of N80 billion.

He was suspended yesterday by the Minister of Finance, Budget and National Planning, Mrs Zainah Ahmed, to enable a transparent investigation into the matter.

Also, a former Speaker of the House of Representatives, Mrs Patricia Etteh, was apprehended on Tuesday by the agency over allegations of diversion of funds for projects.

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IPMAN, EFCC Move Against Oil Theft, Vandalism in N’Delta

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IPMAN

By Adedapo Adesanya

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has sought the support and intervention of the Economic and Financial Crimes Commission (EFCC) in curbing oil theft and pipeline vandalism in the Niger Delta.

This was disclosed by the Chairman of IPMAN, Mr Bello Binna, during a visit to the Port Harcourt’s Zonal Commander of the EFCC, Mr Nwanneka Nwokike, in his office.

Mr Binna said that the EFCC was the only agency trusted to give solutions on issues of pipeline vandalism and oil theft in the Niger Delta region.

According to him, IPMAN was more comfortable with what the EFCC is doing to curb

“We are here to collaborate with the Agency with which we are more comfortable, and we believe that with your support, our jobs will have a headway.

“In the past, our efforts have been wasted, we were advised that the agency that has the mandate to make our job effectively is the EFCC,” he said.

Responding, the Port Harcourt’s Zonal Commander of the EFCC, Mr Nwanneka Nwokike, said the EFCC was working tirelessly to put an end to the menace of illegal oil bunkering in the Niger Delta region.

Mr Nwokike also stressed the need to educate youths within the region on the ills of oil theft and illegal oil bunkering.

“I assure you that the EFCC has the desire to reduce, if not bring to an end, the menace of illegal oil bunkering.

“We will educate our youths on the dangers of this, which is part of our mandate, educating our youths on why they must leave these illegalities. We must all come together to see how we can tackle this menace. I want to assure you that we will work together,” he said.

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