Based on the provisions of Section 579 (2) of the Companies and Allied Matters Act, (CAMA), the Corporate Affairs Commission has cancelled the registration of the Business name “Enough is Enough BN 2210728” with immediate effect.
The above section provides amongst others that the Commission has the power to cancel the registration of a Business Name where the name is deceptive or objectionable.
The Business Name “Enough is Enough” which was registered in 2012 to engage in General Contracts, Sales of Sport Equipment/Promotion deviated from its main objectives over the cause of time.
Consequently, the Commission has removed it from its database and advised the proprietors to surrender the certificate earlier issued to them.
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As Nigerians eagerly await the Gazette of the CAMA, 2020, the Corporate Affairs Commission says it has completed work on a new technology that will change the face of Company registration in Nigeria in accordance with global best practice.
The Registrar General of the Corporate Affairs Commission, Alhaji Garba Abubakar stated this in Abuja at a Dinner held in his honour by the Ahmadu Bello University Alumni, Law Class of 1988.
the RG revealed that the new technology will be deployed as soon as the gazetting is achieved to enable interested Nigerians register the much awaited One-man company, Limited liability partnerships, Limited partnership
Applications for the Registrar General’s consent approved or denied with reasons for denial will now be
regularly published on the Corporate Affairs Commission’s website to properly guide customers.
The Registrar General/CEO of the CAC, Alhaji Garba
Abubakar who gave the commitment today during a
2hr online engagement with the Chairman NBA presidential Taskforce on Corporate Affairs Commission, Mr.
Ayuli Jemide and his team said upon consent approval customers will no longer be required to pay
for name
search.
During the engagement, it was resolved that the CAC will revisit its earlier decision on closure of manual
searches by customers but only on special circumstances and at a higher cost with strict supervision to guard against
The Corporate Affairs Commission (CAC) has pledged to reinvigorate its collaboration with the Nigerians
in Diaspora Commission to check amongst others, the abuse of the word “Diaspora” in company
registration.
The Registrar General/CEO
of the CAC Alhaji Garba Abubakar gave this assurance today while receiving the Chairman/CEO of (NiDCOM), Honorable Abike Dabiri-Erewa on a courtesy visit to the Commission.
Alhaji Garba Abubakar said moving forward the Commission will re-evaluate
its existing relationship
with NiDCOM to ensure greater synergy and therefore enjoined it to modify its guidelines to guard
against abuse by prospective Diaspora Associations.
While highlighting some of CAC’s reform initiatives, the RG said Nigerians
At about 10.20 hours today, one of the outer units of the split Air Conditioners on the 6th floor in the Main Building exploded due to power surge.
The sound attracted the attention of the few personnel within the premises and they immediately mobilized to quench the fire using
fire extinguishers and fire hose reels within the building. The fire had descended through the outer AC ducts to the 5th and 4th floors which necessitated a call to FCT Fire Service and they promptly responded.
PUBLIC NOTICE – EXTENSION OF REDUCTION OF COST OF BUSINESS NAMES REGISTRATION BY 50%
In an effort to deepen the benefits of its reform initiatives, the Corporate Affairs Commission has extended the reduction of cost of Registration of Business Names from N10,000 to N5,000
after the Name Reservation of N500, with effect from the 31st December, 2018 to 31st March, 2019.
The Business Incentive Strategy is aimed at creating a window for Micro, Small and Medium Enterprises (MSMEs) to formalize their businesses,
which will enable them own corporate account with Banks, have access to Loans, grants and other government interventions.