By Our Reporter
Business operators in the country have been advised to take advantage of the July 7 deadline for the Corporate Affairs Commission ,CAC, business registration.
A talent and brand manager and Ambassador for Michael Nwabufo made the appeal in Lagos on Friday, saying that the process could be completed within 24 hours through the new Special Registration Portal, ,SRP.
He emphasized that the Commission has made significant changes recently through the SRP to ease registration of businesses based on the new government directives.
He said that the portal had enabled businesses to be registered and receive documentation in a day.
“He noted that it is a crucial deadline for agents and fintech companies to register their businesses.
Nwabufo explained that, “Compliance is mandatory under new regulations aimed at enhancing transparency and accountability within the financial sector. The deadline ends on July 07.
“To facilitate this, the CAC has introduced a Special Registration Portal, a new system enabling businesses to complete their registration directly through their mobile banking apps.
“This innovation streamlines the process, making it quicker and more convenient for agents to comply with the regulatory requirements.”
He called on business owners to make use of the SRP as soon as possible for timely registration to avoid penalties for non-compliance in future.
He also advised business owners in the country to make use of available information and have access to the portal by visiting the official CAC website or consult the banking app.
He stressed that business registration will ensure uniqueness and help build trust among Nigerian entrepreneurs.
He informed that there is a partnership between the Practitioners of Content Creating, Skit-Making, and Influencers Guild of Nigeria and the Commission, adding that the collaboration was aimed at registering over five million new businesses nationwide within a year.
He commended the Registrar-General of CAC, Hussaini Magaji,SAN, for working tirelessly for a safe and secure business, while acknowledging his support for Small Medium Enterprises, SMEs.
Nwabufo noted that the CAC has been one of the top performing government parastatals in the past one year scoring 53.36 per cent in the Efficiency Compliance Ranking, 65.12 per cent in Overall BFA Performance and highest score on the ReportGov.NG platform with 67.86 per cent, which indicated full compliance.
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