No more contracts for unregistered companies in govt ministries

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Mrs Kemi Adeosun, Minister of Finance

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

Mr Salisu Dambatta, the Director of information, Federal Ministry of Finance, said in a statement on Friday in Abuja that the directive to this effect had been issued to MDAs in a circular by the Office of the Secretary to the Government of the Federation.

He said that the directive was aimed at protecting MDAs from entering contractual obligations with fake or unregistered companies.

Dambatta said that the Minister of Finance would not honour payments for contracts by companies that did not comply with the requirements.

“For companies and other corporate bodies to qualify for business transactions with MDAs, their letterhead must…

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