*Says Information, Services of The Commission and Fees Published Only On Its Official Website

The Corporate Affairs Commission has disclaimed certifying persons, firms or organizations to carry on unregulated/unlawful investment schemes and procure business registration at discounts or with freebies, establishing that these are the services of fraudsters.

In a notice, the management of CAC stated that its attention was drawn to several social media contents and publications suggesting that it gas licensed or certified certain persons, firms or organizations to carry on what it tagged as “unregulated/unlawful” investment schemes or procure business registrations for members of the public at a mega discount and with freebies including “Free HTB and FIRS”.

According to the commission, this were fraudsters. “These contents fraudulently employ the Commission’s name, logo, colors and crafty language calculated to deceive unsuspecting members of the public into patronizing them.” The notice read.

Furthermore, the commission established in clear terms that it did not carry out any license or certification. The notice read thus: “The Commission hereby states without equivocation that it does not license or “certify” persons, firms or organizations to carry on unregulated/unlawful investment schemes or procure business registration for members of the public at any discount or with freebies”.

It also noted that for the avoidance of doubt, the Federal Inland Revenue Service (FIRS) Tax Identification Number (TIN) is electronically generated and endorsed instantly on the certificates of relevant business entities upon registration on the commission’s Company Registration Portal (CRP) and at no cost.

“The mandate of the commission is as prescribed in the Companies and Allied Matters Act 2020 (CAMA) and consists mainly in the registration of business and allied entities as well as the general regulation and supervision of their conducts after registration” the notice read. In lieu of this, the commission established further that the services of the commission and fees are as published on the commission’s website at www.cac.gov.ng. It went on to state thus: “any notice, information or update issuing the general public on the operations of the commissions are equally published on the website.”

On a final note, the CAC assured the general public of its commitment to providing registration and regulatory services adequate to the expectations of its esteemed customers and the general public.

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