Following an official communication from the corporate affairs commission (CAC), the federal ministry of youth development says the registration certificate earlier issued to the national youth council of Nigeria on october 28, 2020 has been withdrawn.
A statement by the Ministry’s Director information and public relations, Omolara Esan notes that upon a detailed review of the council’s records and governance practices, the corporate affairs commission found serial violations of both the NYCN constitution and the provisions of cama 2020, particularly sections 833 and 834. Consequently, the commission has de-recognized all existing claims to leadership, trusteeship, and management within the organization.
The action was taken pursuant to the powers conferred on the commission under sections 8(1)(c) and 8(1)(d) of the companies and allied matters act (cama), 2020, following a comprehensive investigation into the affairs of the council, which has faced a prolonged leadership crisis spanning over eighteen (18) years.
And in line with its statutory powers, the corporate affairs commission has constituted an interim management committee (imc) to oversee and manage the affairs of the council for a period of one (1) year, effective october 6, 2025.
The ministry however, urges all stakeholders to cooperate fully with the interim management committee in the ongoing restructuring process which aimes to restore unity, legitimacy, and institutional integrity to the NYCN.
