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The House of Representatives has initiated oversight sessions focusing on major federal revenue agencies, discussing issues like uncollected duties and the implementation of cashless systems at airports.
The Senate Committee on Finance has asked President Bola Tinubu to dismiss Hussaini Magaji, the Registrar-General of the Corporate Affairs Commission (CAC). The recommendation follows Mr. Magaji's repeated failure to appear before the committee to provide an account of the agency's revenue and performance.
The Corporate Affairs Commission (CAC) has issued a warning to commercial banks, urging them to prevent inactive and non-compliant companies from engaging in financial transactions. This announcement comes alongside the Commission's report of submitting 263 illegally registered companies to the EFCC for investigation.
The Board of Trustees of the Al Manar Education and Development Foundation intends to appeal a recent court decision that dismissed their challenge to a suspension imposed by the Corporate Affairs Commission (CAC). The court ruled that the case was improperly filed as a fundamental rights application.
