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Mambilla: After rejecting cheaper option, FG agrees to pay Sunrise Power $200m

WHITHER CORPORATE AFFAIRS COMMISSION?


The CAC should sit up, writes Sonnie Ekwowusi
It is unfortunate that despite the revolutionary technological innovation brought about by the Companies and Allied Matters Act 2020 (CAMA 2020) coupled with the innovative technology at the disposal of the Corporate Affairs Commission (CAC), Abuja, the Commission is still dysfunctional, inefficient and incompetent. Instead of enhancing the ease of doing business and promoting entrepreneurship and economic prosperity, the CAC has become a big obstacle to doing business in Nigeria. For example, company documents filed at the CAC oftentimes are lost within the precinct of the CAC. Searches for availability of company names at the CAC, which is supposed to be a very simple exercise, now drags on for about four months. You cannot apply for ordinary certified true copies of documents at the CAC and get them within a reasonable time. Confusion reigns at the CAC. Things got so bad at the CAC last year that some Abuja lawyers staged a peac ....

Nigeria General , Abuja Federal Capital Territory , Ihekav Njoku , Alakijav Abdulai , Nigeria Ltd , Balogun Business Association , Ezegbuv First African Trust Bank , Balogun Market Association , Ogundamiv Arabia Barclays Bank , High Court , Corporate Affairs Commission , Allied Matters Act , Balogun Market , Interlocutory Injunction , Lagos State , Barclays Bank , First African Trust Bank Limited , கூட்டாட்சியின் மூலதனம் பிரதேசம் , நைஜீரியா லிமிடெட் , உயர் நீதிமன்றம் , பெருநிறுவன வாழ்க்கைத்தொழில்கள் தரகு , கூட்டணி விஷயங்கள் நாடகம் , லாகோஸ் நிலை , பார்க்லேஸ் வங்கி ,