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New Firms To Produce Valid Means Of Identification—CAC

News » Business

IMAGE: The Registrar General of the Corporate Affairs Commission (CAC), Alhaji BelloMaumud »

Date: June 5, 2013



The Registrar General of the Corporate Affairs Commission (CAC), Alhaji BelloMaumud,  has regretted that non-existence of a central data base was a major challenge to ascertain the veracity of information people produce at the point of registration of companies in the country.

 Mahmud stated this when the Managing Director of Media Trust Limited, AlhajiIshaq Ajibola and his team paid a courtesy visit to the Commission.

 He said CAC has come up with a procedure such that anyone who wishes to register any company must present valid means of identification such as national identity card, drivers licence or international passport.

 The measure is to address the issue of fake address and other malpractices at the point of registration as the Commission would now use biometric data to trace such persons.

 The Registrar General acknowledged that the 24- hour incorporation of companies at the Abuja and Lagos offices of the Commission has been a success story.  He reiterated that plans were in place to extend the same service to all the Commission’s state offices across the nation.

 He said the measure was aimed at creating a conducive atmosphere and facilitate doing business in the country as well as industrialise the country to make it the hub of investment.

 Maumud explained that the Commission has embarked on public enlightenment programme on the risks of doing business without registration.  To this end, he said arrangements have been put in place for enforcement and clampdown on fake and illegal use of business names.

 He further stated that the Commission has put in place processes to encourage the registration of Small and Medium Scale Enterprises.



Article Credit: The Leadership News

Updated 6 Years ago

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