The Corporate Affairs Commission (CAC) said it has uncovered 189 fake companies positioned to defraud well-meaning Nigerians
The Registrar-General Hussaini Magaji, who assumed office barely a week ago told newsmen in Abuja, yesterday, that a syndicate of criminals which specialised in operating numerous unregistered companies was arrested by the commission.
”One of the milestone achievements upon my assumption of duty is our ability to burst a ring of criminals that are creating havoc in the commission. About 189 fake companies have been identified to be used by these groups of persons to secure lands.
”We discovered that these non-existing entities collaborate with lawyers who claim to be accredited agents with the commission.
”They collaborate with some staff of the Abuja Geographical Information System, (AGIS), manage their way to make applications at the AGIS and take priority over existing applications. “With the collaboration of security agents we arrested the suspect who had volunteered some information.”
He said the suspect was arrested due to a complaint from the FCTA asking the commission to verify some applications made by some entities.
He said upon findings, the commission discovered that the companies were not even in existence.
“The nature of their crime is that they create a fake entity and apply for land at the FCTA and maneuver their way to have a priority application over an existing application to take over the land and they have succeeded severally in the past.”
The CAC scribe then reiterated his commitment to deter others from engaging in such acts.