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

THE Registrar-General of Corporate Affairs Commission (CAC), Alhaji Garba Abubakar has declared the commitment of the CAC to register companies within 48 hours, approve names same day and ensure a five-day completion for other post-incorporation services not available electronically.

Abubakar stressed that despite the challenges of Covid-19 which forced the commission to tinker with the way it conducts business, it still made progress to live up to its newly revised service timelines for the Covid-19 period, working assiduously to put a smile in the faces of customers and the public by the end of October, two months before its earlier announced target of December 2020.

The Registrar-General added that the commission will soon be at par with the best registries in the world where customers will sit in the comfort of their rooms or offices and transact business without visiting its offices or sending any document through any designated courier company.

However, speaking on CAMA, 2020, he said the policy was aimed at achieving three key objectives, which include: the entrenchment of the ease of doing business initiatives of the Federal Government, ensuring greater disclosure and strengthening of its legal framework.

Abubakar implored Nigerians to read and properly understand the new law in order to take advantage of the provisions drafted in accordance with Open Government Partnership (OGP) and Extractive Industries Transparency Initiative (EITI) agreements.

Abubakar then admonished the media to counsel 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.

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