Alhaji Garba Abubakar, CAC’s Registrar General, announced this in a statement signed by Mr Rasheed Mahe, CAC’s Head of Media.
He added that the liabilities of the partners of an LLP were limited to the amount agreed to be contributed or outstanding in the event of winding up. Abubakar described LP as a partnership arrangement with at least one general partner and at least one limited partner.He stressed that the liabilities of a general partner were unlimited, while the liabilities of a limited partner were limited unless he partakes in the management of the partnership.
Aji, the Director-General, North East Governors Forum , said he was thrilled with the development, describing it as ‘unprecedented.
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