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Why CAC Closes Manual Registration Of Companies In Five States

May 23, 2017 08:29AM
The Corporate Affairs Commission (CAC) on Monday announced the closure of manual process for company registration in five states and the Federal Capital Territory.

Business Day reports that the announcement was made by the Registrar-General, CAC, Bello Mahmud, during a media briefing held at the commission’s headquarters in Abuja.

Mahmud said the states involved are Enugu, Kaduna, Kano, Lagos, Port Harcourt, and Abuja. He added that the move was part of the efforts to improve the business environment and make Nigeria an easier place for businesses to thrive.

He said the implication of the closure is that the commission has now phased out the physical submission of new applications for registration.

As a replacement, he said a Company Registration Portal had been created where those seeking to register their companies can upload their applications online.

He added that the online registration process is cheaper, faster and more convenient as transactions could now be conducted from anywhere.

 

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