National Assembly Probes CAC Boss Magaji Over Alleged Illegal Alteration of Jonah Capital Records
The House of Representatives has received a petition accusing CAC Registrar-General Hussaini Magaji of unlawfully tampering with the corporate records of Jonah Capital Nigeria Ltd and Houses for Africa Nigeria Ltd amid a high-stakes ownership dispute over Abuja’s River Park Estate. The petition alleges expropriation of shares, removal of directors, and retrospective annulment of filings despite a court case and directives from the Attorney-General halting such actions. The companies claim Magaji enabled rival claimants to assume directorship, attempt account closures, and announce a takeover. The controversy has escalated into one of Nigeria’s most complex corporate governance battles, raising concerns about investor confidence and potential politically driven corporate takeovers.
The House of Representatives has received a petition accusing CAC Registrar-General Hussaini Magaji of unlawfully tampering with the corporate records of Jonah Capital Nigeria Ltd and Houses for Africa Nigeria Ltd amid a high-stakes ownership dispute over Abuja’s River Park Estate. The petition alleges expropriation of shares, removal of directors, and retrospective annulment of filings despite a court case and directives from the Attorney-General halting such actions. The companies claim Magaji enabled rival claimants to assume directorship, attempt account closures, and announce a takeover. The controversy has escalated into one of Nigeria’s most complex corporate governance battles, raising concerns about investor confidence and potential politically driven corporate takeovers.
National Assembly Probes CAC Boss Magaji Over Alleged Illegal Alteration of Jonah Capital Records
The House of Representatives has received a petition accusing CAC Registrar-General Hussaini Magaji of unlawfully tampering with the corporate records of Jonah Capital Nigeria Ltd and Houses for Africa Nigeria Ltd amid a high-stakes ownership dispute over Abuja’s River Park Estate. The petition alleges expropriation of shares, removal of directors, and retrospective annulment of filings despite a court case and directives from the Attorney-General halting such actions. The companies claim Magaji enabled rival claimants to assume directorship, attempt account closures, and announce a takeover. The controversy has escalated into one of Nigeria’s most complex corporate governance battles, raising concerns about investor confidence and potential politically driven corporate takeovers.
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