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Breaking: Corporate Affairs Commission Extends Deadline For Annual-Returns Submission To April 1, 2024

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In a recent announcement, the Corporate Affairs Commission (CAC) has granted an extension for companies to submit their annual returns, revising the deadline from January 1, 2024, to April 1, 2024. The statement, disclosed on the official X handle of the commission on Thursday, 28th December 2023, highlighted the decision to address glitches on the company’s registration portal and show consideration for the Micro, Small, and Medium Scale Enterprises sector……CONTINUE READING....KINDLY READ THE FULL STORY HERE▶

 

 

 

Earlier in November, the CAC had declared its intention to delist 91,843 companies for failing to file annual returns. This followed the publication of a list on its website, which was exclusively reported by Nivo News. However, the number of companies slated for delisting was reduced to 91,843 from the initial 94,581 names published in August.

The commission clarified that penalties for companies falling within the earlier deadline of January 1, 2023, are currently on hold due to the extension granted until April 1, 2024. The CAC urged all registered entities under the Companies and Allied Matters Act to utilize this extended window to fulfill their annual return obligations.

The statement from the commission read, “This extension has become necessary given the glitches presently experienced on the Company Registration Portal and in deference to the appeals from the Micro, Small and Medium Enterprises sector. All entities registered under the Companies and Allied Matters Act are encouraged to take advantage of the window provided by this extension to file their annual returns to date with the commission.”

Notably, the deadline extension does not impact those entities whose penalty proceedings commenced before the release of the initial notice.

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Showunmi Celebrates As Court Voids Atiku’s Presidential Ticket In Major Political Twist.

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Former campaign spokesman for Atiku Abubakar, Segun Showunmi, has been seen in a viral video celebrating the Federal High Court judgment that nullified the former Vice-President’s presidential ticket on the platform of the African Democratic Congress (ADC).....KINDLY READ THE FULL STORY HERE▶

The video, which has circulated widely on social media, shows Showunmi clapping, laughing and dancing shortly after the judgment was delivered.

Showunmi, who has consistently criticised Atiku’s defection to the ADC, said the court’s decision had vindicated his earlier warnings about the coalition’s legal standing.

“I forewarned. I told them this would happen. They did not listen,” he said.

He recalled that his concerns had previously been dismissed as bitterness and jealousy when he questioned the legal status of the coalition that took control of the ADC.

“When I was shouting, they said I was bitter. When I warned, they said I was jealous. Now the court has spoken,” he added.

Showunmi had repeatedly argued that Atiku should have remained in the Peoples Democratic Party (PDP) and worked towards rebuilding it instead of joining a coalition he described as a gathering of aggrieved politicians without a solid political structure.

He also predicted that the coalition’s takeover of the ADC, led by former Senate President David Mark, would eventually collapse in court.

In a judgment delivered on Thursday, Justice Peter Lifu ruled that the Mark-led caretaker committee was illegal and nullified the primary election that produced Atiku as the party’s presidential candidate.

The court also removed all the party’s national officers, including National Secretary Rauf Aregbesola, and voided the list of candidates submitted to the Independent National Electoral Commission (INEC) for the 2027 elections.

The suit was instituted by Nafiu Bala Gombe, a former Deputy National Chairman (North-East) of the ADC, who challenged the leadership change that followed the resignation of former National Chairman Ralph Nwosu.

Watch the video below:

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Oshiomhole Blasts Atiku, Accuses Obasanjo Administration Of Killing Nigerian Industries.

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The senator representing Edo North, Adams Oshiomhole, has accused former President Olusegun Obasanjo and his deputy, Atiku Abubakar, of contributing to the collapse of Nigeria’s industrial sector.....KINDLY READ THE FULL STORY HERE▶

Oshiomhole, a chieftain of the All Progressives Congress (APC), alleged that the administration of Obasanjo was responsible for the closure of major companies, including Michelin and Dunlop, leaving the country increasingly dependent on imported goods.

He made the allegation on Thursday while speaking at the APC presidential campaign rally in Ekiti State.

The former labour leader also recalled that Atiku, during his time as vice president, had publicly acknowledged that the Obasanjo administration spent $16 billion on the power sector.

“Atiku Abubakar, as Vice President, was crying on television that his government and his oga, Obasanjo, spent $16 billion on power. So you ask Atiku how many more US dollars do you need?” Oshiomhole said.

The senator also dismissed Atiku’s concerns about rising unemployment, arguing that the administration in which he served contributed to the problem by allowing Nigerian industries to shut down.

“I understand that Atiku is lamenting about unemployment; who closed down Nigerian industries? Who closed down Michelin? Who closed down Dunlop? Who reduced Nigeria to importer of everything from underwear to socks? It was done by the government and party to which Atiku belonged,” he stated.

Oshiomhole urged residents of Ekiti State to support President Bola Tinubu’s re-election bid in 2027, pointing to the current administration’s approval of a new minimum wage for workers.

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Peter Obi’s Convoy Attack: Police Unmask Arrested Suspect, Disclose What Happened.

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The Cross River State Police Command has arrested a suspect over the attack on the convoy of Peter Obi, presidential candidate of the Nigeria Democratic Congress (NDC), in Calabar, the state capital.....KINDLY READ THE FULL STORY HERE▶

The incident reportedly occurred at about 2:20 p.m. at the Watt Market Roundabout while the convoy was returning from the palace of the Obong of Calabar to the Metropolitan Hotel, where the party’s presidential town hall meeting was scheduled to take place.

The attack resulted in the windshields of some vehicles in the convoy being smashed.

In a statement issued on Wednesday, the Police Public Relations Officer, ASP Sunday Eitokpah, identified the arrested suspect as 27-year-old Victor Edet Yellow Duke.

According to the command, a group of suspected hoodlums, allegedly armed with machetes and sticks, emerged from the Calabar Road and Clerks Alley axis before attacking vehicles in the convoy.

The police said the exact number of vehicles affected had yet to be determined.

Officers deployed in the area quickly intervened to contain the violence. Their response, which involved the use of tear gas, resulted in the arrest of Duke, while the other suspected attackers escaped.

The suspect was subsequently transferred to the State Police Headquarters by operatives of the Violent Crime Response Unit (VCRU) for what the command described as a discreet investigation aimed at preventing possible reprisals or further threats to public order.

The police added that normalcy had returned to the area.

Meanwhile, the Commissioner of Police, CP Ajo Geoffrey Ordue, has ordered a comprehensive investigation to identify and apprehend the other suspects involved and establish the full circumstances surrounding the attack.

The command also cautioned the public against assuming that the arrested man was guilty, stressing that he remained entitled to the presumption of innocence.

“The arrest of a suspect does not amount to a determination of guilt, as the suspect remains entitled to the presumption of innocence pending the conclusion of investigation and any subsequent judicial proceedings,” the statement said.

The police assured residents, political stakeholders and visitors that adequate security arrangements remained in place across the state.

It also reaffirmed its commitment to “providing equal security protection to all political parties, candidates and their supporters, irrespective of political affiliation.”

The command urged members of the public to remain calm, refrain from circulating unverified information and report suspicious activities through established police channels.

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