CAC’s new N10,000 validation fee is insensitive, NBA says

THE Nigerian Bar Association (NBA) has said that the new N10,000 fee introduced by the Corporate Affairs Commission (CAC) is both insensitive and a smack of utter bad faith, as the NBA was not consulted before implementation.

In a statement issued on Friday, the NBA said it expected consultation from the CAC before the implementation of the N10,000 revalidation fee of its agents including members of NBA.

The statement partly read:

“The NBA takes the view that it is both insensitive and smacks of utter bad faith on the part of the CAC to proceed with this policy without due consultation with the NBA whose members make up over 80% of the customer base of the CAC. This is in spite of the fact that the NBA-CAC Task Force has been in constant touch with the CAC regarding improving efficiency and processes at the CAC.

“While we appreciate that following engagements with the CAC, the Commission has extended the deadline from 31st March 2021 to 10th June 2021 and has also clarified that the payment will be a one-off fee, the NBA remains of the view that it is possible to achieve a clean database of accredited agents by requiring those who had been previously accredited by the CAC to simply update and revalidate their records on the CAC portal (at no cost) or lose their accreditation by the new deadline. The obligatory charge imposed by the CAC should not apply to existing users but only to those customers who have never been accredited by the CAC and who now seek to be part of the system.

“The NBA is deeply concerned about the timing of this policy, which is coming at a time when many lawyers have endured epileptic services from the CAC and have either lost the faith of their clients or have been de-briefed by clients who believe that the lawyers treat their instructions with levity.

“This state of affairs is what has led to the establishment of the NBA-CAC Taskforce to facilitate regular interface with the CAC in resolving issues associated with its services. Available reports from the Taskforce indicate that in spite of its engagement with the CAC, the service levels are still quite abysmal.

“The NBA strongly urges the CAC to reconsider its position with respect to the payment of the revalidation fee by existing users, and more importantly to continue to work assiduously towards improving customer experience by resolving the several complaints by users of the system and enhancing efficiency. Resolving these issues will not only be beneficial to the CAC and its customers but will significantly advance the Federal Government’s Policy on Ease of Doing Business in Nigeria.

“Members of the NBA can be assured that we will continue to engage the CAC on these and other related issues that affect their dealings with the Commission.”

Read the full statement below: