The Corporate Affairs Commission (CAC) has discovered 189 fake companies involved in land racketeering in Abuja, Nigeria. The discovery followed a request from the Federal Capital Territory Administration (FCTA) for information on a non-existing firm that applied for allocation. The CAC discovered a racket involving inter-agency compromise and apprehended two suspects, including a lawyer, and identified a cartel involving staff of Abuja Geographical Information System (AGIS), lawyers, and the commission. The FCT Minister, Nyesom Wike, vowed to step on toes in the collection of ground rents from defaulting property owners and warned defaulters of ground rents to take advantage of a two-week window to offset their outstanding liabilities. He reiterated that abandoned projects in the FCT were over and that the president's exit from the Treasury Account (TSA) has allowed for continuous funding of FCTA projects. Wike also emphasized the importance of beefing up FCT security and focusing on increasing Internally-Generated Revenue (IGR) to carry out other development activities.
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