CAC: Court Jails 23-Year-Old For Forging Annual Returns Receipt

In a milestone achievement, the Corporate Affairs Commission (CAC) has secured the conviction of one Abubakar Sadiq Aremu to four years imprisonment for cheating and forgery of its receipts.

Arraigned on March 21, 2023, before Upper Area Court Mpape Abuja, the accused pleaded guilty to the offence and was therefore sentenced by the presiding judge.

The convict was accused of uploading forged receipts to pay a company’s annual return on the CAC portal.

Reacting to the judgement, the Registrar-General/CEO of the Corporate Affairs Commission, Hussaini Ishaq Magaji, SAN, described the development as a big boost to his efforts to stem the activities of criminals trying to circumvent established processes and procedures in CAC.

The CAC boss, therefore, said the commission was ready to go after anyone trying to flout its rules in order to strengthen the system for the benefit of the economy.