CAC to Banks: Stop allowing inactive companies to operate

The Registrar-General of the Corporate Affairs Commission, CAC, Hussaini Magaji, SAN, has accused some banks and financial institutions of weakening Nigeria’s anti-corruption and regulatory compliance efforts by permitting inactive and non-compliant companies to continue business operations and financial transactions. Mr Magaji also revealed that the Commission has forwarded 248 suspected fake company registrations to the […] The post CAC to Banks: Stop allowing inactive companies to operate appeared first on Daily Nigerian.

News Feb 11, 2026 0 14 Add to Reading List

CAC to Banks: Stop allowing inactive companies to operate

WHY THE HEN DOES NOT HAVE TEETH STORY BOOK

It’s an amazing story, composed out of imagination and rich with lessons. You’ll learn how to be morally upright, avoid immoral things, and understand how words can make or destroy peace and harmony.

Click the image to get your copy!

WHY THE HEN DOES NOT HAVE TEETH STORY BOOK

Click the image to get your copy!

WHY THE HEN DOES NOT HAVE TEETH STORY BOOK

Click the image to get your copy!

The Registrar-General of the Corporate Affairs Commission, CAC, Hussaini Magaji, SAN, has accused some banks and financial institutions of weakening Nigeria’s anti-corruption and regulatory compliance efforts by permitting inactive and non-compliant companies to continue business operations and financial transactions. Mr Magaji also revealed that the Commission has forwarded 248 suspected fake company registrations to the […]

The post CAC to Banks: Stop allowing inactive companies to operate appeared first on Daily Nigerian.

Read Original