[JUST IN] Illegal transfer: CAC revokes NIPOST subsidiaries’ certificates

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On: April 22, 2024

The Corporate Affairs Commission has revoked the certificates of incorporation of NIPOST Properties and Development Company and NIPOST Transport and Logistics Services Limited. This revocation followed the discovery of an illegal transfer of N10 billion in restructuring funds released by the Federal Ministry of Finance to the agency’s subsidiaries. The CAC, in a statement on

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