It stated that the suspect was arrested after breaking into sealed warehouses confiscated by the PCACC.
The Corporate Affairs Commission says it will strike off 100,000 companies that failed to file annual returns in the last 10 years.
It follows the tradition of Nigerian first ladies who set up women-focused pet projects once their husbands assume office.
The Corporate Affairs Commission says the CAC achieved major strides under President Muhammadu Buhari’s regime.
The NNPC counsels were protesting the refusal of Justice Inyang Ekwo to hear only their application for a stay of proceedings in the suit.
The audit also showed that N2 billion cash withdrawals not tied to any project or official expenditure were made within eight days in February 2019.
“Anyone that wants to register a private school, will have to register it as a limited liability company with shareholders.”
The IR will henceforth regulate insolvency proceedings under CAMA, Mr Mahe said.
The CAC presented the Certificate of Incorporation of NNPC Limited to President Muhammadu Buhari on Friday.
The shoe-making hub is being funded by a N2 billion MSME facility from the Central Bank of Nigeria.
