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BREAKING: CAC uncovers 189 fake companies used for land allocation in Abuja



Alhaji Garba Abubakar CAC

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

This was made known by the Registrar-General of CAC, Hussaini Magaji, during a press briefing on Tuesday, October 24, 2023, in Abuja, where he stated that a syndicate of criminals which specialised in operating numerous unregistered companies was arrested by the commission.

Magaji stated 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 non-existent 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.

Magaji said,

Explaining their mode of operations, the CAC boss said the cartel manoeuvred the land process to make their applications for land allocation priority over existing applications aiding land fraud in the capital city.

The CAC boss said more efforts would be geared towards increasing revenue for the Commission, adding that upon his assumption to duty, he came up with some agendas among which is the human capital development.

On ease of doing business, he said it was one of the priorities of the President Bola Tinubu’s administration and the Commission would work at ensuring that.