CIPA warns youth against fraud

JWANENG-A compliance officer from Companies and Intellectual Property Agency (CIPA), Kairirirua Murangi has warned the youth of Jwaneng and surrounding areas to desist from buying non-complying shelf companies.

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.

Editor's Comment
The corrupt must account

This ruling is more than a technical legal decision it is a mirror reflecting the rot in the country’s procurement processes and governance.For far too long, government officials have twisted regulations to serve their interests, betraying the very citizens they are sworn to serve.The Judiciary’s rejection of this appeal is a timely reminder that corruption—no matter how deeply entrenched cannot indefinitely escape accountability. Yet,...

Have a Story? Send Us a tip
arrow up