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Business

CAC urges Nigerians to receive unclaimed certificates, documents

The CAC has urged Nigerians to delivery of all pre-incorporation certificates before the end of April 2020.

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CAC, Corporate Affairs Commission selects NIPOST as official courier partner

The Corporate Affairs Commission urged Nigerians to visit designated courier companies to pick up their certificates and documents before the end of April 2021, warning that it may destroy unclaimed documents upon expiration.

The CAC disclosed this in a statement on Thursday evening, and it read in part:

“Consequently, with effect from 24th July, 2020, the Commission commenced the delivery of all pre-incorporation certificates.

“The Commission has observed that despite repeated calls, some customers are yet to claim their certificates/documents with courier companies.

READ: SERAP sues Buhari over FG’s plan to borrow N895bn from dormant accounts, unclaimed dividends

“To this end, the Commission is appealing to owners of such documents to visit their designated courier companies for immediate pick up on or before the end of April 2021.”

The Commission warned that they may be left with no option other than to destroy the unclaimed documents upon expiration.

READ: NBA says CAC’s new N10,000 validation fee is insensitive

Sigma Pensions

READ: CAC to register companies within 48 hours, approve business name same day

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In case you missed it

  • Nairametrics recently reported that The Corporate Affairs Commission (CAC) announced that the planned payment for re-validation of accreditation is a one-time fee and would not be done annually.
  • In November 2020, the Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed disclosed that the Federal Government was considering the creation of an unclaimed dividend and unutilized bank balance trust fund where dividends declared and unclaimed will be held.
  • The Fiscal Policy Reforms Committee urged Nigerians with unclaimed dividends and dormant account balances not more than 6 years old, to commence the process of claiming them.
  • The CAC had announced the endorsement of the Nigerian Postal Service (NIPOST) EMS/Parcel as one of the official couriers of the commission for its business transactions with effect from September 1, 2020.

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    Business

    CBN includes sugar, wheat on FX restriction list

    The CBN is set to include sugar and wheat in the forex restriction list.

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    CBN forex restrictions on food itemsCBN approves new cheque standard for banks

    The Central Bank of Nigeria has announced plans to place sugar and wheat on its FX restriction list.

    The plan was disclosed by the apex bank via its verified Twitter handle in a statement credited to the CBN governor, Godwin Emefiele.

    The tweet stated: “Sugar and Wheat to go into our FX restriction list. We must work together to produce these items in Nigeria rather than import them. #Emefiele.”

    It would be recalled that over the years, the CBN has been reviewing its list of restricted food items to include more items, with the most recent being the addition of maize, a widely-consumed staple food in the country.

    What you should know

    • The CBN governor, Mr Godwin Emefiele, had earlier (on Thursday) given this hint while on an inspection visit to the proposed $500 million sugar processing facility in Nasarawa state, belonging to Dangote Sugar.
    • In 2015, the CBN listed 41 items that had been placed on its FX restriction list citing that the move was necessary to conserve the nation’s foreign reserve and boost local production of the items on the restriction list.
    • Some of the items which made the 2015 list are margarine, poultry and eggs, rice, and cement.
    • In 2020, the apex bank included maize in its FX restriction list as it directed all authorised dealers to immediately discontinue the processing of Forms M for maize/corn importation into the country.
    • Nairametrics had also earlier explained in its publication following the new policy shift, that the government’s premise for deciding to restrict FOREX on food is faulty, especially since Nigeria has not attained full food security and the agricultural sector is still struggling.

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    FG signs new Sustainable Development Goals agreement with UN

    The Agreement is for new development cooperation with initiatives towards achieving Sustainable Development Goals set in the UN Agenda 2030.

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    Xenophobia, FG reacts to inclusion of Nigeria on religious freedom blacklist by United States

    The Nigerian Government has signed a deal with the United Nations to develop new cooperation towards achieving Sustainable Development Goals.

    This was disclosed by the Minister of Foreign Affairs, Geoffrey Onyeama, in a statement on Thursday after the agreement was signed with the United Nations Office for Project Services, UNOPS, represented by Ifeoma Charles.

    The Minister said, “On behalf of the Nigerian Government, I signed an agreement with the UNOPS represented by Ifeoma Charles Multi-Country Office Rep. The Agreement is for a new development cooperation with initiatives towards achieving Sustainable Development Goals set in the UN Agenda 2030.”

    What you should know 

    The 17 Sustainable Development Goals are:

    No Poverty; Zero Hunger, Good Health, and Well-being; Quality Education; Gender Equality; Clean Water and Sanitation; Affordable and Clean Energy; Decent Work and Economic Growth; Industry, Innovation and Infrastructure; Reducing Inequality; Sustainable Cities and Communities; Responsible Consumption and Production; Climate Action; Life Below Water; Life on Land; Peace, Justice and Strong Institutions; and Partnership for the Goals.

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