Registrar General of the Corporate Affairs Commission, CAC, Alhaji Bello Mahmud has regretted that non existence of a central data base is a major challenge to ascertaining 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, Alhaji Ishaq Ajibola and his team came on 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, driver’s license 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.
Mahmud said that plans are in place to extend the same service to all the commission’s state offices across the nation.
He said the measure is aimed at creating a conducive atmosphere and facilitating doing business in the country as well as industrialize the country to make it the hub of investment.
The CAC boss also 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.
While appreciating the vital role of the press in nation building, the Registrar General commended the Daily Trust newspaper for their unbiased reportage of events.
Responding, the Director, Public Affairs, Mr Churchill Williams, pointed that Daily Trust newspaper is widely circulated, which is why the commission patronises it when it comes to advert placement, even as the relationship between the two organizations has been cordial and mutually beneficial.
While acknowledging that the newspaper is critical but balanced and fair to all, he enjoined the Media Trust to use the medium to give the CAC adequate publicity to enable the public appreciate some of the reforms going on in the commission and in so doing, the relationship between the two organisations will be concretised.