THE LAGOS STATE WASTEWATER MANAGEMENT OFFICE (LSWMO), YESTERDAY, SEALED OFF SOME BUILDINGS/PROPERTIES ACROSS THE STATE OVER DIFFERENT ENVIRONMENTAL INFRACTIONS.(PHOTO). #PRESS RELEASE

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 The Lagos State Wastewater Management Office (LSWMO), yesterday, sealed off some buildings/properties across the state over different environmental infractions. They are; * A property on 34, Adeniji Adele, Lagos Island for deliberate discharge of raw sewage into the public drain causing offensive odour and sewage flowing in the community, constituting public nuisance, environmental pollution and endangering human life. * A block of Shops along Powerline Road, Meiran, Alimosho, for the illegal construction and operation of unsanitary toilet facility on a road setback without a permit, constituting public nuisance, environmental pollution and endangering human life. * A three-storey building at 38, Adeniji Adele Street, Lagos Island for deliberate discharge of raw sewage into the public drain. * A building at H29, House of Jesus Street, Langbasa, Ibeju-Lekki, Lagos, for the deliberate discharge of raw sewage into the public drains. Residents are urged to adopt proper wastewater mana...
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CAC REVEALS ONLY 100,000 POS OPERATORS HAVE REGISTERED. (PHOTO).

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The Registrar General of the Corporate Affairs Commission, Hussaini Ishaq Magaji has revealed that only 100,000 Point of Sale (POS) operators have officially registered their businesses with the commission as part of its POS formalization project.


Magaji said this during the in-house enforcement and compliance training for state offices on Monday in Abuja,


Magaji said that the training,  with the themed “Re-engineering the Commission for Compliance and Enforcement Mandates” would ensure efficient management of corporate entities.


He called for a paradigm shift in the commission’s operations, emphasising the importance of compliance and enforcement functions beyond the routine registration of businesses.


The registrar-general said that advancements in Artificial Intelligence (AI) could handle routine operational tasks like business registration, freeing resources for more complex compliance and enforcement activities.


He reiterated the success of the PoS Formalisation Project, which had registered about 100,000 Point-of-Sale operators under the requirements of Section 863 of the Companies and Allied Matters Act (CAMA) 2020.


According to him, the project aims to formalise at least 250,000 operators in the sector as part of broader efforts to regulate the estimated 40 million micro, small, and medium enterprises (MSMEs) in Nigeria.


He revealed plans to implement sanctions for operators who fail to comply with formalisation requirements and clarified that multiple registrations across fintech platforms were unnecessary, as one registration sufficed.

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