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Breaking News: CAC Exposes 189 Scam Companies Within Abuja’s Federal Capital Territory
Breaking News: CAC Exposes 189 Scam Companies Within Abuja’s Federal Capital Territory....KINDLY READ THE FULL STORY HERE▶
The Corporate Affairs Commission (CAC) has disclosed the detection of 189 fraudulent companies within the Federal Capital Territory (FCT) of Abuja. These companies had deceitfully obtained land allocations in the FCT.
Hussaini Magaji, the Registrar General of the CAC, revealed this during a press conference in Abuja today. The discovery was initiated after a complaint from the Federal Capital Territory Administration (FCTA) prompted the verification of a non-existent company’s request for land allocation. Subsequently, further investigation unveiled additional fictitious entities.
Magaji noted that two individuals, one of whom is a lawyer, have been apprehended. They were part of an unlawful alliance that involved personnel from the Abuja Geographical Information System, lawyers, and the commission.
Magaji emphasized the significant achievement of dismantling this group of individuals who had been facilitating fraudulent land allocations. The cartel had been collaborating with lawyers posing as accredited agents of the commission and Abuja Geographical Information System staff to secure land in the FCT. The commission became aware of this criminal activity when the FCTA requested verification of certain applications, which were found to be non-existent in their system.
The modus operandi of the cartel involved manipulating the land allocation process to prioritize their applications, resulting in land fraud in the capital city. Two suspects, including a lawyer, have been arrested, and further investigations are ongoing.
Magaji also expressed the commission’s commitment to enhancing its revenue by taking action against companies that do not disclose their annual returns and imposing appropriate penalties. This revenue enhancement will empower the commission to fulfill its mission as a world-class regulatory body.
Kaduna State Governor, Uba Sani, says the state has mapped out 22,435 hectares of degraded land for restoration under the Agro-Climatic Resilience in Semi-Arid Landscapes (ACReSAL) project using modern geospatial mapping technology.....KINDLY READ THE FULL STORY HERE▶
He said the initiative is part of efforts to strengthen climate resilience, tackle environmental degradation, and promote sustainable land use in the state.
Speaking at the ACReSAL mid-term review meeting in Kaduna through the Commissioner for Environment and Natural Resources, Abubakar Buba, the governor explained that the use of geospatial tools has made it possible to accurately identify affected areas for targeted intervention.
He added that the project is not only focused on land recovery but also on boosting agricultural output and improving livelihoods in affected communities.
Sani also noted that the state is supporting the programme with empowerment initiatives, including training over 500 women, youths, and school feeding vendors in biomass briquette production.
According to him, the effort is already helping to reduce dependence on firewood while creating alternative sources of income for beneficiaries.
President Tinubu has given full backing for the implementation of the ₦68.32 trillion 2026 budget after signing the Appropriation Bill passed by the National Assembly into law.....KINDLY READ THE FULL STORY HERE▶
He also approved an amendment extending the lifespan of the 2025 budget from March 31 to June 30, 2026, to ensure completion of ongoing capital projects nationwide.
Under the 2026 fiscal plan, ₦4.799 trillion is set aside for statutory transfers, ₦15.8 trillion for debt servicing, ₦15.4 trillion for recurrent spending, while ₦32.2 trillion goes to capital projects—about half of the total budget.
The focus, according to the administration, is on infrastructure development, security, and growth-driven investments aimed at improving living standards.
Speaking on the development, presidential aide Bayo Onanuga said the extension of the 2025 budget will help ensure full use of allocated funds, especially for major ongoing projects.
Tinubu directed all ministries, departments, and agencies to ensure transparency, discipline, and value-for-money in implementing the budget, while praising the National Assembly for its swift passage of the bill.
He also reaffirmed his administration’s commitment to economic reforms, revenue growth, job creation, and social welfare improvements.
The Peoples Democratic Party (PDP) in Kwara State has described moves to prosecute former Senate President Bukola Saraki and former Governor Abdulfatah Ahmed over alleged culpable homicide as an attempt to reopen the 2018 Offa robbery tragedy for political purposes.....KINDLY READ THE FULL STORY HERE▶
In a statement on Friday, the party’s spokesperson, Olusegun Adewara, said the development is a disturbing and dangerous politicisation of a case they claim has already been addressed through judicial processes.
He warned against dragging the state into fresh tension, accusing the state government of attempting to revive old allegations for political advantage.
Adewara said the PDP would not remain silent while what he called “political narratives” are used to influence public perception around a tragic incident that claimed multiple lives in Offa in 2018.
He also urged residents, especially affected families, not to allow their pain to be used for political gains, insisting it is unjust to associate Saraki with the crime.
The party further alleged that the move is aimed at distracting attention from governance challenges in the state.
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