News
CAC deregistered 300,000 dormant companies in one year
The Corporate Affairs Commission (CAC) has deregistered over 300,000 dormant companies within a year to sanitise the nation’s corporate registration system.
The Registrar General, Hussaini Ishaq Magaji (SAN), announced this in an exclusive interview with The Nation in Abuja.
Magaji said: “From October 16, 2023, when I assumed office, to date, we have witnessed an extraordinary level of deregistration. In December 2023 alone, we deregistered over 100,000 companies. By February 2024, another 100,000 companies were removed, and recently, we deregistered an additional 100,000.”
The CAC boss explained that the deregistered entities had remained inactive, failing to file annual returns for over a decade.
According to him, some of the companies posed risks to the economy, as they could be used for fraudulent activities.
He said: “Our challenge is that we are not even deregistering in millions. This is because, as I earlier told you, business registration in Nigeria started since sometime around 1912. And what we have in our portal is from 2021. So, you can see the barrier.
“All the historical records from that year to this year are not on the portal. We are onboarding them gradually. When we complete our task, we will then have the total number of the dormant companies and they will go.
“Our system is integrated with critical agencies, such as the Federal Inland Revenue Service (FIRS), security agencies, embassies, and banks. Once a company is marked as inactive on our portal, it cannot access banking services, process embassy documents, or engage in other operations,” he said.
Magaji explained the legal framework supporting these actions, saying: “If a company remains dormant for over 10 years, we are empowered to deregister it. Additionally, even if a company has been inactive for two years without filing annual returns, I can deregister it under the law.”
The registrar general attributed the success of CAC’s measures to the political will of the Federal Government.
He added: “We have been given a free hand by Mr. President and the supervising minister to carry out our duties without interference. This has enabled us to act boldly and decisively.”
Magaji dismissed the claims that a significant number of companies were folding up due to insolvency or economic challenges.
The CAC boss described such assertions as exaggerated.
He added: “While some businesses apply for voluntary winding up, the numbers of such companies are negligible. Many of these cases arise from changes in business focus rather than economic difficulties. For instance, a company like Nokia transitioned from producing phones to manufacturing vehicle tyres.”
Magaji noted that technological advancements and shifts in business strategies were driving many companies to restructure rather than exit the market.
He said CAC hosts Nigeria’s Beneficial Ownership Register, a platform providing free access to information about companies and their significant controllers.
“Nigeria is one of the global leaders in implementing the beneficial ownership register. We are hosting the register at bor.cac.gov.ng. This transparency ensures that even individuals with indirect control of a company must disclose their interest within 30 days,” he said.
News
All 13 kidnapped Otukpo passengers, successfully rescued
All 13 passengers abducted along the Makurdi–Otukpo road in Otukpo Local Government Area of Benue State have been successfully rescued.
The victims were reportedly freed in the early hours of Sunday, following what sources described as a coordinated effort.
Meanwhile, official confirmation and operational details are still being awaited at the time of filing this report.
The abduction had earlier raised concerns among residents and commuters along the busy Makurdi–Otukpo axis, a route that has witnessed sporadic security challenges in recent times.
Security agencies are yet to issue a formal statement on the circumstances surrounding both the abduction and the subsequent rescue.
It also remains unclear whether any arrests were made or if ransom was involved.
Local sources, however, expressed relief over the safe return of the victims, describing the development as a significant breakthrough amid ongoing security concerns in the area.
The spokesperson of the Benue state Police command, DSP Udeme Edet could not be reached to confirm the story as at the time of filing this report.
News
Board cautions candidates after arrest of suspects over doctored UTME scores
The Joint Admissions and Matriculation Board has announced the arrest of two candidates and a parent for allegedly falsifying the 2026 Unified Tertiary Matriculation Examination results using Artificial Intelligence and other electronic tools.
The announcement was made on Friday as the board released the results of 632,788 candidates who sat for the examination on Thursday, April 16.
In a statement issued by JAMB spokesperson, Fabian Benjamin, the suspects were apprehended for tampering with official SMS result notifications to alter or fabricate scores with the intention of deceiving others, including parents and guardians.
“Currently, two candidates and one parent are in custody for engaging in result falsification using AI and other electronic means,” the statement said.
Benjamin emphasized that such actions constitute serious criminal offences and warned that the board would ensure that all those involved are prosecuted in accordance with the law.
He further cautioned candidates against interfering with result messages sent through JAMB’s official SMS platforms, 55019 and 66019.
Candidates who took the examination on Thursday can check their results by sending “UTMERESULT” via SMS to 55019 or 66019 using the phone number linked to their registration. Printing of official result slips is not yet available but will be enabled later.
The 2026 UTME commenced on April 16 and is scheduled to run until April 22 across examination centres nationwide. Results will continue to be released in batches as the exercise progresses.
News
How NDLEA operatives uncovered cocaine, loud in food flasks, snacks, nabs fashion designer, others(Photos)
. Raids Edo, Cross River forests, destroys over 17,000kg skunk; recovers large consignments in Lagos, Delta, Kaduna operations
Operatives of the National Drug Law Enforcement Agency (NDLEA) have intercepted 12 large parcels of cocaine concealed in false bottom of food flasks heading to the United Kingdom via a Virgin Atlantic Airline flight from the Murtala Muhammed International Airport (MMIA) Ikeja, Lagos.

The cocaine consignment with a gross weight of 2.80 kilograms was intercepted on Thursday 9th April 2026 by NDLEA operatives attached to the export shed of the Lagos airport while two cargo agents involved in the export bid: Ama Obinna Ufeim, 33, and Ogabi Monday Akorede, 39, were swiftly arrested. Further investigation revealed a 52-year-old freight and forwarding agent Agoro Tajudeen Moninuola as the sender of the consignment and he was arrested in a follow-up operation.
In a similar operation, NDLEA officers at the import shed of the Lagos airport on Wednesday 8th April intercepted a consignment of Loud, a strong strain of cannabis, with a gross weight of 2.90 kilograms and concealed in snack food packs, which arrived from the United States of America aboard a Delta Airlines flight.
Two cargo clearing agents: Animashaun Moshood Adetunji and Mercy Gabriel Oluwasegun, were initially arrested in connection with the seizure before the consignee, Saheed Adeshina Adegoke, a 29-year-old fashion designer, was nabbed in a follow-up operation at 3 Oba Ogunji road, Ogba, Lagos, on Monday 13th April.

In Kaduna, NDLEA operatives on patrol along Kaduna-Zaria highway by Gwargwaje Zaria on Monday 13th April intercepted a trailer conveying cement heading to Hadeja in Jigawa state. A search of the truck led to the recovery of 760 blocks and 33 jumbo bags of skunk, a strain of cannabis, weighing 847 kilograms. The truck driver Umar Garba Haruna, 33, was arrested in connection with the seizure.
A 53-year-old female suspect, Alice Sunday Udoh, was arrested on Thursday 16th April when NDLEA officers supported by soldiers raided a forest in Uwet community, Akamkpa LGA, Cross River state, where 15,000 kilograms of skunk on six hectares of farmland were destroyed and 119kg of same substance recovered.
Another cannabis farm was raided on Tuesday 14th April at Saboro camp, Ovia North East LGA, Edo state where NDLEA operatives destroyed 2,281.43kg of same psychoactive substance, while three suspects: Nweke Smart, 27; Christopher Egbe, 62; and Monday Ayan, 45, were arrested, with the duo of Christopher and Monday caught with 38.5kg cannabis and its seeds. Two suspects: Sunday Odili, 49, and Ijenebe Joshua, 39, were nabbed with 87.838kg skunk and seeds at Powerline area of Okwo, Delta state on Friday 17th April.
In Lagos, two suspects: Chinedu Ogbekene and Zindozin Aloukou Bienvenu were arrested on Wednesday 15th April at Mile 2, Lagos/Badagry expressway while conveying 11,900 capsules of tramadol and 400 ampoules of phenobarbital injection in a truck to Ghana. Same day, NDLEA operatives raided a two-storey building at Petti, Lagos Island, where a total of 95.8kg skunk was recovered.

With the same zeal, Commands and formations of the Agency across the country continued their War Against Drug Abuse, WADA, sensitization activities in schools, worship centres, work places and communities among others in the past week. These include: WADA enlightenment lecture for students and staff of Alfurgan Islamic School, Paiko, Niger state;
Edgerly Memorial Girls Secondary School, Calabar, Cross River; Heritage Model School, Ankpa, Kogi; Government Day Junior and Senior Secondary School, Kankia, Katsina; Government Senior Secondary School, Rano, Kano, and De Ambassador Secondary School, Epe, Lagos state, among others.
While commending the officers and men of MMIA, Edo, Delta, Cross River, Kaduna, and Lagos Commands of the Agency for the arrests and seizures, Chairman/Chief Executive Officer of NDLEA, Brig. Gen. Mohamed Buba Marwa (Rtd) noted their drug supply reduction efforts balanced with WADA sensitization activities while he charged them and their compatriots across the country to maintain the current tempo.
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