CAC To Register Companies Within 48 Hours, Approve Business Name Same Day

The Corporate Affairs Commission (CAC), has announced the commitment of the commission to register companies within 48 hours, approve names same day and ensure five-day completion for other post-incorporation services not available electronically.

Alhaji Garba Abubakar, the Registrar-General of the commission, who made the disclosure during a chat with some media organisations in Abuja, said that CAC was working assiduously to put a smile in the faces of customers and the public by the end of this month before its earlier announced target of December 2020.

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

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 at 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.

While speaking on CAMA, 2020, which he said was aimed at achieving three 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.