CAC Uncovers Fake Companies

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The Corporate Affairs Commission says it has uncovered 189 fictitious companies used to secure land allocations in the Federal Capital Territory.

The Registrar General of the commission, Hussaini Magaji, disclosed this during a press briefing on Tuesday in Abuja.

Magaji said that the discovery was made following a complaint from the Federal Capital Territory Administration to verify the status of a non-existing company seeking land allocation.

He explained that the discovery of the faxe company led him to investigate further, resulting in the identification of other companies.

He added that two suspects including a lawyer have been apprehended and a cartel involving staff of Abuja Geographical Information System, lawyers, and the commission have been identified.

Written by: Helen Obih

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