Fed govt bans MDAs from conducting businesses with unregistered firms

Fed govt bans MDAs from conducting businesses with unregistered firms

Minister of Finance, Mrs. Kemi Adeosun

The Federal Government on Friday banned Ministries, Departments and Agencies from transacting business with companies and other corporate bodies that are not duly registered by the Corporate Affairs Commission.

A circular issued by the Office of the Secretary to the Government of the Federation said that the measure is aimed at protecting MDAs from entering contractual obligations with fake or unregistered companies.

This is even as the Minister of Finance, Mrs Kemi Adeosun, warned that payments for contracts by companies that did not comply with the requirements may not be considered.

A statement from the ministry of finance issued by the Director of Information, Mr Salisu Dambatta, explained that for companies and other corporate bodies to qualify for business transactions with MDAs, their letterhead must bear the Registration Number as issued by the Corporate Affairs Commission.

It added that the letter head must also have contact telephone numbers, valid e-mail address and official company address as well as the names and nationalities of the Directors of the company at the bottom of the page.

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