Nigerian Agency Finally Registers Blockchain Start-up, Blames Employee for Rejection of First Application
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Nigerian Agency Finally Registers Blockchain Start-up, Blames Employee for Rejection of First Application

THELOGICALINDIAN - Just a few canicule afterwards letters emerged that it had banned to action a aggregation allotment appliance by Flint API bound the Nigerian bureau Corporate Affairs Commission CAC has now registered the blockchain startup The bureau about blames an bearding agent for the abortion to action the application

The CAC’s About-turn

According to a report, the agency’s changeabout of its beforehand accommodation followed an action by the CAC’s registrar-general Alhaji Garba Abubakar. As reported by Bitcoin.com News, the CAC’s abnegation to annals the start-up had prompted admiral of an incubating hub that is apartment Flint API Limited to seek Nigerian carnality admiral Yemi Osinbajo’s intervention.

While there is belief that Osinbajo did intervene, the address by Cryptoassetbuyer, however, suggests it was Muhammad Abdullahi, an abettor to Abubakar, who aided in the allotment process. The adversity in processing the appliance additionally is said to accept been the aftereffect of an bearding employee’s error.

Start-up Issued With Certificate of Incorporation

After commutual the allotment action that reportedly took aloof six hours, Abdullahi went on to acquaint the co-founder of Convexity, Adedeji Owonibi, about this development. Writing on Linkedin, he said:

Meanwhile, afterward this development, the added co-founder of Convexity, Charles Orkafombah appropriate via Linkedin that Osinbajo had absolutely intervened in the matter. He additionally accepted that a affidavit of assimilation had been issued to Flint API limited.

Do you accede that it was Osinbajo’s action that affected the CAC administration to about-face the antecedent decision? Tell us what you anticipate in the comments area below.

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