in the Federal Capital Territory
The Corporate Affairs Commission (CAC) has exposed a network of 189 fraudulent companies involved in securing land allocations in the Federal Capital Territory (FCT).
The revelation was made by Hussaini Magaji, the Registrar General of the Commission, during a press conference held in Abuja on Tuesday.
The discovery came about in response to a request from the Federal Capital Territory Administration (FCTA) to verify the status of a purported company seeking land allocation. Upon delving deeper into the matter, Magaji and his team unveiled a web of deceit involving numerous fictitious companies.
Furthermore, CAC’s investigation has resulted in the apprehension of two suspects, one of whom is a lawyer. The scheme appears to be a sophisticated operation that involves collusion among staff of the Abuja Geographical Information System (AGIS), lawyers, and CAC personnel.
He said, “Let me use this opportunity to inform the public that one of the major milestones achieved so far since I assumed office is our ability to burst a cartel or a link of individuals that are creating havoc for the Commission.
“This cartel creates companies through collaboration with some lawyers claiming to be accredited agents of the Commission and staff of Abuja Geographical Information System to secure land allocations in the FCT and we only knew this crime after a complaint from the Federal Capital Territory Administration asking us to verify some applications made by some entities, which turned out to be non-existent on our system.”