CAC Set to Reduce Company Registration Circle to Three Hours

Corporate Affairs Commission

Following the successful deployment of an end-to-end registration module, the Corporate Affairs Commission on Sunday stated that it was now prioritizing the reduction of the registration circle for new companies to just three hours before the end of year 2021.

The Registrar-General of the commission, Garba Abubakar who gave this indication at a dinner organized in honour of the Chairman, governing Board, CAC and Nigerian Ambassador Designate to the Kingdom of Spain, Ademola Seriki disclosed in series of tweets posted via the commission’s Twitter handle on Sunday.

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The Registrar-General disclosed that the commission was making arrangements to empower over 400 approving officers with working tools to process and approve registration applications either from home or anywhere necessary.

Abubakar stated that the challenges of COVID-19 pandemic had adversely hampered CAC’s delivery timeline. But the CAC was resolutely committed to serving its customers despite being forced to operate with less than 50 per cent of its workforce.

While bidding farewell to Seriki, Abubakar said he received the news of his appointment with mix feelings as CAC was going to miss his tremendous support and guidance.

In his own remark, the Minister of Industry, Trade and Investment, Niyi Adebayo, described the outgoing CAC Chairman as a man of immense pedigree and enormous potential to justify the confidence reposed in him by the President.