The Corporate Affairs Commission (CAC) has announced that it’s ready to deploy a new technology that will change the face of company registration in Nigeria, in accordance with global best practice. With the new technology, customers can print their certificates with verifiable QR Code from anywhere in the world amongst others.
The Registrar General of the Corporate Affairs Commission, Alhaji Garba Abubakar stated this in Abuja at a Dinner held in his honour by the Ahmadu Bello University Alumni, Law Class of 1988.
The Registrar General revealed that the new technology will be deployed as soon as the gazetting is achieved to enable interested Nigerians register the much awaited One-man company, Limited liability partnerships, Limited partnership and many other initiatives captured in the law. He further revealed that when the end-to end-technology gets fully deployed, the Commission will dispense with the mandatory requirement of two Directors must sign every document and be substituted with the opportunity for Companies to appoint a single Authentication officer mandated to sign transactions on behalf of the company.
Abubakar stated that “upon the migration from what he called the semi-automated system to a fully automated one, some form of validation of records for companies will be introduced free of charge in a bid to fill some gaps in the existing data base”.
He added that Customers can print their certificates with verifiable QR Code from anywhere in the world amongst others.
While thanking the organizers for honoring him, the Registrar General restated his resolve to ensure selfless service to the nation in order to justify the confidence reposed in him by President Muhammadu Buhari.
Speaking earlier, the Chairman of the Organising Committee, A.K. Ajibade, SAN extolled the good virtues of the RG and thanked the Almighty God for reuniting them 32 years after to celebrate one of their own irrespective of tribe or religious affiliation.
In their separate remarks, the BOT Chairman, A.U Mustapha, SAN and President of the Class, Dr. Ibrahim Abdul both noted with delight that President Muhammadu Buhari selected the right man to be the CAC Scribe and prayed God Almighty to make him succeed.