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CAC set to block fraudulent registration applications- Abubakar



CAC set to block fraudulent registration applications- Abubakar

By Ikenna Uwadileke

The Business Affairs Commission (CAC) has expressed its determination to block alleged fraudulent applications to register new companies similar to existing ones attempting to appropriate land owned by others.

The CAC, in a statement issued Sunday in Abuja, by its media chief Mr. Rasheed Mahe, said that a high incidence of nominations with names closely similar to existing ones was recorded recently.

The statement quotes CAC Registrar General Alhaji Garba Abubakar as saying it during a client / stakeholder forum held in Lagos.

Abubakar stressed that the measure was intended to further strengthen the federal government’s fight against corruption.

According to Abubakar, the commission will continue to remain vigilant to ensure that fraudsters do not take over the lands of others.

“The Commission had, from the start of the implementation of the CAMA, invoked the provision of the Data Protection and Data Protection Act to eliminate the cases of submission of cloned signatures to the CAC for the purpose of registration.

“In view of the provisions of the law, the commission suspended the issuance of certified copies of certain documents.

“Certified extracts had replaced CTCs in accordance with the provisions of the law,” he said.

Abubakar expressed concern that despite the provisions of the Data Protection and Data Protection Act, some customers still did not agree to the new arrangement invoked to, among other things, control fraud.

On ongoing reform initiatives, the Registrar General said the commission is reviewing its checklist for certain services, adding that it will deploy a customer relationship management (CRM) system to resolve customer issues in real time. .

While warning accredited agents against sharing their access to CAC portals with others to guard against fraud, he revealed that the commission has completed its work on the insolvency framework.

According to him, the commission will soon expose the regulation to the public via its website.

Abubakar appreciated the support and cooperation of stakeholders, in particular the Nigerian Bar Association and urged clients to continue to cooperate with the Commission as it continues to provide better services in line with global best practices.

In a goodwill message, NBA-SBL Vice President Dr Adeoye Adefulu praised the committee’s determination to organize the forum and urged it to keep up the pace.

Adefulu underlined the need for the Commission to ensure regular and continuous engagement with stakeholders as well as to improve its communication strategy to the benefit of both parties.

Speakers at the interactive session include Amb. Ayoola Olukanni, Managing Director of the Nigerian Association of Chambers of Commerce, Mines and Agriculture (NACCIMA) and Monturayo Elegberum of the Manufacturers Association of Nigeria (MAN).

The others are Ilori Saburi Daniel from the Association of National Accountants (A) and Seun Olaseni from the Institute of Chartered Accountants of Nigeria (A) Lagos and District.

Source: NAN

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