CIPA warns youth against fraud

He made the warning during a capacity building workshop organised by Jwaneng mine to empower the community on business registration and compliance. Murangi also highlighted that there are shelf companies, which have been deregistered by CIPA because they owe annual returns.

He further warned that trading with a deregistered company could attract a penalty fine of P20,000. Additionally, Murangi said, if a person is found to have provided misleading information to the officers, he/she shall be liable to a fine of up to P100,000.