EMEKA KALU WITHDRAWS FROM ABIA NORTH SENATORIAL RACE. (PHOTO)

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 Emeka Kalu Withdraws from Abia North Senatorial Race A prominent Labour Party (LP) chieftain in Abia State, Dr. Emeka Kalu, has withdrawn from the Abia North Senatorial District race. Dr. Kalu announced his decision on Wednesday, stating that the move was designed to foster unity within the Labour Party and strengthen support for the administration of Governor Alex Otti ahead of future elections. In a statement issued to party stakeholders and supporters, Kalu explained that his withdrawal came after wide consultations and a careful assessment of the prevailing political situation in the party. He emphasized that the decision was taken in the overall interest of the party’s cohesion and success in Abia State.
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CAC ISSUES SIX-WEEK ULTIMATUM FOR UNREGISTERED BUSINESSES TO COMPLY OR FACE PROSECUTION. (PHOTO).

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 CAC Issues Six-Week Ultimatum for Unregistered Businesses to Comply or Face Prosecution


The Corporate Affairs Commission (CAC) has issued a stern six-week ultimatum to unregistered businesses operating in Nigeria, mandating them to register with the Commission or face severe legal consequences, including imprisonment.


In a public notice titled “Carrying on Business in Nigeria Under an Unregistered Name or Acronym,” released on Tuesday, the CAC warned that operating as a company, limited liability partnership, limited partnership, or under a business name without registration is a criminal offense under Section 863 of the Companies and Allied Matters Act, 2020. Additionally, using a name or acronym other than the one registered under the Act is prohibited.


The CAC emphasized that non-compliance could lead to prosecution, with penalties including up to two years’ imprisonment. The Commission also highlighted Section 862(1) of the Act, which states that knowingly making false statements in required documents is an offense punishable by two years in prison, alongside daily fines for ongoing violations.


Furthermore, the CAC reminded registered companies of their obligation under Section 729 to display their registered name and registration number at all business locations and on official documents, including letterheads, signage, and marketing materials.


“All companies, limited liability partnerships, limited partnerships, and business name proprietors must comply with the provisions of the Act within six weeks from the date of this notice,” the statement read. The CAC vowed to enforce strict measures, including prosecution, against those who fail to meet the deadline.


The Commission urged the public to take note of these requirements to avoid legal repercussions, signaling a renewed push to ensure regulatory compliance across Nigeria’s business landscape.

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