The Corporate Affairs Commission has blocked suspected fraudulent applications aimed at registering new companies similar to existing ones by some Nigerians trying to take over lands that belong to others.
The Registrar General (RG) Alhaji Garba Abubakar in a statement by the Head of Media Unit CAC, Rasheed Mahe at a Customers’/Stakeholders Forum in Lagos Island said the measure was to further boost the present fight against corruption.
Alhaji Garba Abubakar explained that recently the Commission had been recording a high incidence of applications with names that were closely similar to existing ones, stressing that it would continue to remain vigilant to ensure fraudsters don’t take over other person’s land (s).
He further said CAC had upon the commencement of the implementation of CAMA, 2020 invoked the provision of the Data Privacy and Protection Act to eliminate incidences of cloned signatures to the Commission for registration purposes.
According to him, In view of the relevant provisions, the Commission discontinued the issuance of certified true copies of some documents saying certified extracts have replaced CTCs by provisions of the law.
Alhaji Garba Abubakar lamented that despite provisions of the Data Privacy and Protection Act, some Customers were yet to accept the new arrangement to check fraud and fraud-related activities in line with the law.
ALSO READ.. Senate Commends CAC Over Reform Initiatives
While speaking further on the ongoing reform initiatives, he said the Commission was reviewing its checklist for some services and assured that would next year deploy a Customer Relationship Management (CRM) system to resolve customer challenges in real-time.
He used the forum to caution accredited agents against sharing with others access to their CAC Portals to guard against fraud while revealing that the Commission had completed work on the Insolvency framework and would soon expose the regulation to the public via its website.
Alhaji Garba Abubakar noted with delight the support and cooperation of stakeholders particularly the Nigerian Bar Association Section on Business Law (NBA-SBL) and enjoined Customers to continue to cooperate with the Commission as it continues to improve on its operations to deliver better services in accordance with global best practices.
In a goodwill message, the Vice Chairman of the NBA-SBL, Dr. Adeoye Adefulu applauded the Commission’s resolve to organize the forum and urged it to sustain the tempo.
The statement also reports that other speakers at the interactive session include Ambassador Ayoola Olukanni, Director General Nigerian Association of Chambers of Commerce, Mines and Agriculture (NACCIMA), Monturayo Elegberum from Manufacturers Association of Nigeria (MAN), Ilori Saburi Daniel from Association of National Accountants (ANAN) and Seun Ileola Olaseni of Institute of Chartered Accountants of Nigeria (ANAN) Lagos and District.
Meanwhile the Commission has also held a similar forum in Ikeja, Lagos to interact with Customers/Stakeholders based in the Lagos Mainland.
The RG while answering series of questions from the Customers and Stakeholders enjoined them to always read the guidelines for registration available on the CAC website as well leverage on the Frequently asked questions section FAQs also available on the Portal in order to avoid encountering hitches in their transactions.
The CAC Head of the Media Unit, Rasheed Mahe reports that many participants joined the forum via Zoom and a Technical team from the Commission was on ground to ensure immediate resolution of most customer challenges.
Auwalu Muhammed, Kaduna