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Home Business News

CAC to register companies within 48 hours, approve business name same day

Chike Olisah by Chike Olisah
October 4, 2020
in Business News
CAC, Corporate Affairs Commission selects NIPOST as official courier partner
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The Corporate Affairs Commission (CAC) has announced the commitment of the commission to register companies within 48 hours, approve names same day and ensure 5-day completion for other post-incorporation services not available electronically.

This disclosure was made by the Registrar General of Corporate Affairs Commission, Alhaji Garba Abubakar, during a chat with some media organizations in Abuja.

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The commission’s boss also added that CAC was working assiduously to put a smile in the faces of customers and the public by the end of October, 2 months before its earlier announced target of December 2020.

In his statement, Abubakar said, “The Corporate Affairs Commission was committed to amongst others register companies in 48 hours, approve names same day and ensure 5-day completion for other post-incorporation services not available electronically.”

READ: Corporate Affairs Commission selects NIPOST as official courier partner

Abubakar stressed that despite the challenges of Covid-19 which forced the CAC to tinker with the way it conducts business, the commission made progress and was poised to live up to its newly released revised service timelines for the Covid-19 period.

The registrar general said, moving forward, the commission will soon be on par with the best registries in the world where customers will sit in the comfort of their rooms or offices and transact business with the commission without visiting its offices or sending any document through any designated courier company.

READ: The game is changing, as entrepreneurs are thinking globally for their small businesses.

While speaking on CAMA, 2020, which he said was aimed at achieving 3 key objectives that include, to entrench the ease of doing business initiatives of the Federal Government, ensure greater disclosure and strengthen the legal framework, the registrar general enjoined Nigerians to read and properly understand the new law in order to take advantage of its provisions drafted in accordance with Open Government Partnership (OGP) and Extractive Industries Transparency Initiative (EITI) agreements.

Abubakar, therefore, used the media forum to advise Nigerians to take advantage of the diversity to advance peace, unity and progress in order to make Nigeria one of the best business destinations in the world.

The Registrar General of the Corporate Affairs Commission, Alhaji Garba Abubakar who stated this during a chat with the News Agency of Nigeria NAN and Aso Radio & TV added that the CAC was working assiduously to put smile in the faces of customers and the

— Corporate Affairs Commission (@cacnigeria1) October 1, 2020

 


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Chike Olisah

Chike Olisah

Chike was a banker with over 11 years experience in retail and commercial banking, risk management, treasury portfolio management and relationship management. He also acquired some experience in financial management and do have some special interest in investment analysis and personal finance. He had stints with financial institutions like the former Intercontinental Bank and Fidelity Bank.

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Comments 8

  1. Ose Obaga says:
    October 5, 2020 at 11:06 am

    Journalists should move beyond allowing themselves to be used as instruments of cheap propaganda and marketing of outright falsehoods.

    This news report is coming at a time when lawyers and customers who conduct business with CAC are going through hell getting simple applications completed due to endless and inexplicable delays occasioned by the Commission. Tons of applications as simple as company search and the likes now take between two to three months to complete as against maximum of two to three days that it used to be.

    It should have been expected that quality journalism properly interrogates the Registrar General on those issues and bring them to the front burner to create balanced and fair reporting, instead of publishing this one-sided narrative which is pure propaganda designed to shift public attention from the pains and frustrations lawyers and customers are going through with CAC daily and mislead and misinform the public.
    This is not the journalism that Dele Giwa died for.

    Reply
    • Anonymous says:
      January 9, 2021 at 3:24 pm

      Honestly they are shameless and outright crooks CAC is cog in the wheel of progress in this country! Imagine applying for simple Registrar’s Consent since 10th October2020 through CAC Enugu Office, Uptil date I have not received the Consent or response, despite paying all applicable fees! And here somebody is writing rubbish on how to register a copy and get certificate in 24 hours Do these ignoramus take Nigerians for fools? God is watching CAC and it’s agents

      Reply
  2. Kaka says:
    October 5, 2020 at 11:35 am

    I have documents that are pending with CAC since September, 2020 and they are yet to be approved.

    Why come online to say lies about services that we all know is so poor ?

    The corporate affairs commission is so sluggish in their services that all customers are expressing their disappointment and Dissatisfaction.

    They also have the worst customer care response in history of all customer care services.

    Shame!!!

    Reply
    • John says:
      October 6, 2020 at 7:42 am

      Agreed

      Reply
      • Joe Man says:
        October 8, 2020 at 7:29 pm

        I really need assistance on how to register my company name. Pls your assist will be appreciated. Thanks

        Reply
  3. OWODUNNI RASHEED OLA says:
    November 12, 2020 at 11:49 pm

    I want to register limited what can I do

    Reply
  4. Anonymous says:
    January 9, 2021 at 3:26 pm

    Honestly they are shameless and outright crooks CAC is cog in the wheel of progress in this country! Imagine applying for simple Registrar’s Consent since 10th October2020 through CAC Enugu Office, Uptil date I have not received the Consent or response, despite paying all applicable fees! And here somebody is writing rubbish on how to register a copy and get certificate in 24 hours Do these ignoramus take Nigerians for fools? God is watching CAC and it’s agents

    Reply
  5. Stevellaob enterprise says:
    August 2, 2022 at 11:04 am

    The idea is very nice

    Reply

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