CAC Seeks Stakeholder Collaboration On Regulating Registered Businesses

The Registrar General Corporate Affairs Commission (CAC), Hussaini Ishaq Magaji disclosed on Tuesday, March 12, that there is a need to have a reliable framework to regulate the activities of registered entities in the country.

Magaji disclosed this at a one-day familiarisation session with customers and stakeholders in Abuja, stating that without the regulations the process of having the framework is defeated.

He said: “I want to take time here to appreciate your several interventions at various stages on this journey to have in place a reliable legal framework which we collectively gave ourselves to regulate the activities of registered entities.

“You will agree with me that without regulation the purpose of having the framework is defeated. We still have to work together to ensure that issues related to the regulation of these entities are seamlessly implemented.

“It is important to exchange ideas on the way forward in enhancing efficient and effective service delivery that satisfies the yearnings and aspirations of all stakeholders. As we do this, we are also conscious of our commitment to stand out as one of the best Companies Registries globally”.

Magaji assured that the CAC management team has set strategic objectives that will usher in a new relationship that is symbiotic and beneficial to all.

The Commission has also initiated the process of reviewing its operational checklist to bring it up to speed with international best practices.

This will go a long way in simplifying our processes and also reduce the time cycle for our services and product delivery.