Registrar-General
CAC aims to register new company within three hours
The Corporate Affairs Commission (CAC) says it will be possible for companies in Nigeria to be registered within three hours, before the end of 2021. The commission tweeted this on Sunday via its verified Twitter handle. It said, Garba Abubakar, the commission’s registrar-general, gave this indication at a recent dinner in honour of the chairman, governing board, CAC and Nigeria’s Ambassador-designate to Spain, Ademola Seriki. The commission announced last December the upgrade of its online registration portal for business. It said the upgrade would include features that allow the automation of key services and processes in line with the federal government’s effort to Nigeria’s ease of doing business. Newsmen had reported how the new regulation protocol has left businesses in the country s...
VP Osinbajo: CAMA issues can be addressed through amendment by National Assembly
In an effort to allay fears expressed by the leadership of the Church about the recently enacted Companies and Allied Matters Act (CAMA) 2020, Vice President Yemi Osinbajo, SAN has said concerns can be processed through possible amendment of the contentious section of the law through a proposal to the National Assembly. The Vice President stated this on Thursday during a special conversation at the ongoing Nigerian Bar Association (NBA) Annual General Conference. Responding to a question about reactions to CAMA, the Vice President said: “what can be done is that, whatever the proposal for amendment may be, whatever the views of the leadership of the church may be, regarding the question of how the trustees, whether they are interim trustees or not, can be put in the form of a proposal that...
Nigerian government deregisters Ohanaeze, Arewa CF, others over security clearance
The Federal Government has deregistered frontline socio-cultural groups in Nigeria as the Corporate Affairs Commission (CAC) has withdrawn the registration certificate of Ohanaeze Ndigbo General Assembly, the Arewa Consultative Forum (ACF), among others. Disclosing this in Abuja, the Registrar General of CAC, Garba Abubakar, said the measure was part of the reforms the Commission was putting in place to subject such applications to thorough scrutiny following security threats that may arise from such registrations. He said: “Yes, we have withdrawn the certificate of Ohanaeze Ndigbo General Assembly because the certificate should not have been issued in the first instance. “We have an established protocol that all organizations; ethnic, religious with political implication should be referre...
