MERCY AIGBE, ENIOLA AJAO SPARK BACKLASH OVER ATTENDANCE AT CEO LUMINEE’S SURPRISE BABY SHOWER. (PHOTO).

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 Mercy Aigbe, Eniola Ajao Spark Backlash Over Attendance at CEO Luminee’s Surprise Baby Shower The Nigerian entertainment circle is buzzing once again following the birth of a newborn baby boy to celebrity stylist Abiodun Folashade, widely known as CEO Luminee, and veteran actor Olanrewaju Omiyinka, popularly called Baba Ijesha. While the news of their child initially sparked waves of skepticism across social media, a newly surfaced video from Luminee's surprise baby shower has added more fuel to the ongoing online debate. A Star-Studded Surprise and Tears of Joy In the recently leaked footage, a heavily pregnant CEO Luminee can be seen completely overwhelmed with emotion. The popular fashion designer broke down in tears of joy as close friends and colleagues pulled off a heartwarming surprise baby shower for her. Among the high-profile guests captured comforting the emotional mother-to-be were prominent Nollywood actresses Mercy Aigbe and Eniola Ajao. Another segment of the video ...
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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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