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    The Corporate Affairs Commission (CAC) has set August 1, 2026, as the deadline for companies to comply with statutory rules governing business letters, warning that violators will face sanctions. In a public notice issued Wednesday, the commission said the enforcement drive is anchored on Sections 304(1) and (2) and 729(1)(c) of the Companies and Allied Matters Act (CAMA) 2020, and covers all companies registered under the Act or any law it replaced. The law requires every company to state on its business letters the current and any former forename or initials and surname of each director, along with the nationality of non-Nigerian directors. Companies must also display their registered name, registration number and registered office address clearly on all business correspondence. “Commencing the 1st day of August 2026, the Commission shall enforce the full application of the requirements of Sections 304(1) & (2) and 729(1)(c) of the Act with respect to company business letters with attendant sanctions for non-compliance,” the CAC said. The commission urged companies to review their letterheads and official correspondence ahead of the deadline, noting that the move is designed to ensure accurate disclosure of director and corporate information while deepening compliance with CAMA 2020. CAC reaffirmed its commitment to transparency, accountability and customer satisfaction as part of efforts to build a more resilient and responsive corporate regulatory environment.

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U.S. Rapper, Chino XL Dies at 50

Madukwe Nwabuisi by Madukwe Nwabuisi
July 30, 2024
in Entertainment
Reading Time: 2 mins read
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U.S. Rapper, Chino XL Dies at 50

Chino XL

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The music star and actor – whose real name was Derek Emmanuel Barbosa, passed away on Sunday, July 28. No cause of death is known at this time.

A statement published on the rapper’s official Instagram page on Tuesday confirmed the news. It read: “The family of Derek Keith Barbosa, professionally known as Chino XL, is devastated to relay the news of his passing.

“Chino d!ed on the morning of Sunday, July 28, 2024 at home. He was 50. Chino is survived by his children, Chynna, Bella, Lyric, and Kiyana; his stepson Shawn; grandchildren Emmy, Emery, Chris, Luis, and Dyani; his mother, Carole; and his former longtime partner Stephanie.”

The post also included a message from his daughters. It continued: “In a joint statement, his daughters reflect: ‘Our father had many titles, King of Punchlines, Puerto Rican Superhero but the most important one was Girl Dad. And what he gave us most in that role was his strength, straightforwardness, and ability to be super realistic. The main thing we are feeling now is that our Dad is at peace, and so we are at peace.”

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The statement concluded: “The family asks for privacy at this time. Details of a memorial will be forthcoming.” The news was first reported by AllHipHop with producer Domingo telling the outlet that Chino “was one of the best lyricists in the game” and a “legendary artist and friend”. He added: “[Chino was] extremely talented since the day we met in the early 90s.”

Chino XL rose to fame in the mid-1990s with his first album, 1996’s Here to Save You All, which included the single Kreep. He followed up with albums such as 2001’s I Told You So, 2006’s Poison Pen and 2012’s RICANstruction: The Black Rosary.

Away from his rap career, Chino appeared on the small screen in CSI: Miami and Reno 911!, whilst he starred alongside Kate Hudson and Luke Wilson in director Rob Reiner’s Alex and Emma flick in 2003.

Madukwe B. Nwabuisi
Madukwe Nwabuisi

Madukwe B. Nwabuisi is an accomplished journalist renown for his fearless reporting style and extensive expertise in the field. He is an investigative journalist, who has established himself as a kamikaze reporter.

Tags: Chino XLRapper

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