Nigerian AGF Orders CAC Registrar Magaji to Cancel Fraudulent Filings in Jonah Capital and Houses for Africa After Comprehensive Review
The Attorney-General of the Federation (AGF), Lateef Fagbemi, SAN, has directed the Registrar-General of the Corporate Affairs Commission (CAC), Hussaini Magaji, to cancel “fraudulent filings” affecting Abuja-based firms Jonah Capital Nigeria Limited and Houses for Africa Nigeria Limited.
The directive followed a thorough review of investigations, including reports from the Nigeria Police Force and a Special Investigation Panel (SIP), which found no criminal basis for charges against Ghanaian investors accused of fraud and forgery. The 26-count criminal case previously pursued by the police was discontinued.
Additionally, the AGF ordered the CAC to restore the companies’ shareholding and ownership structures to their prior state, reversing unauthorized alterations made during ongoing court proceedings. The AGF also instructed the Nigeria Police Force to investigate allegations of property destruction, intimidation, and assault linked to the companies and ensure security within River Park Estate.
The action underscores the AGF’s position that commercial disputes should not be criminalized and highlights the importance of proper investigative and administrative processes in corporate governance.
The Attorney-General of the Federation (AGF), Lateef Fagbemi, SAN, has directed the Registrar-General of the Corporate Affairs Commission (CAC), Hussaini Magaji, to cancel “fraudulent filings” affecting Abuja-based firms Jonah Capital Nigeria Limited and Houses for Africa Nigeria Limited.
The directive followed a thorough review of investigations, including reports from the Nigeria Police Force and a Special Investigation Panel (SIP), which found no criminal basis for charges against Ghanaian investors accused of fraud and forgery. The 26-count criminal case previously pursued by the police was discontinued.
Additionally, the AGF ordered the CAC to restore the companies’ shareholding and ownership structures to their prior state, reversing unauthorized alterations made during ongoing court proceedings. The AGF also instructed the Nigeria Police Force to investigate allegations of property destruction, intimidation, and assault linked to the companies and ensure security within River Park Estate.
The action underscores the AGF’s position that commercial disputes should not be criminalized and highlights the importance of proper investigative and administrative processes in corporate governance.
Nigerian AGF Orders CAC Registrar Magaji to Cancel Fraudulent Filings in Jonah Capital and Houses for Africa After Comprehensive Review
The Attorney-General of the Federation (AGF), Lateef Fagbemi, SAN, has directed the Registrar-General of the Corporate Affairs Commission (CAC), Hussaini Magaji, to cancel “fraudulent filings” affecting Abuja-based firms Jonah Capital Nigeria Limited and Houses for Africa Nigeria Limited.
The directive followed a thorough review of investigations, including reports from the Nigeria Police Force and a Special Investigation Panel (SIP), which found no criminal basis for charges against Ghanaian investors accused of fraud and forgery. The 26-count criminal case previously pursued by the police was discontinued.
Additionally, the AGF ordered the CAC to restore the companies’ shareholding and ownership structures to their prior state, reversing unauthorized alterations made during ongoing court proceedings. The AGF also instructed the Nigeria Police Force to investigate allegations of property destruction, intimidation, and assault linked to the companies and ensure security within River Park Estate.
The action underscores the AGF’s position that commercial disputes should not be criminalized and highlights the importance of proper investigative and administrative processes in corporate governance.
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