Corporate Affairs Commission Plans Reduction of Company Registration Time to 3 Hours

The Corporate Affairs Commission (CAC) has announced plans to reduce the amount of time it takes to register companies down to three hours by the first quarter of 2014. CAC said this would be possible due to the deployment of a new software.

Alhaji Bello Mahmud, Registrar-General of the Commission, made this announcement during the reception of a Quality Management System (QMS) certificate from the Standards Organisation of Nigeria (SON) on behalf of the Commission recently. On cutting the time it takes to register companies, Mahmud said the the development is aimed at maintaining CAC’s status as one of the best in the world as shown by the ISO certification. “We have been able to reduce the period of registration of companies from five days to 24 hours since the adoption of the International Standard Organisation (ISO) standards. We intend to reduce it further to a maximum of three hours by the time we deploy new registration software in the first quarter of 2014,” Mahmud said. The registrar-general noted that Quality Management System had been a veritable tool for the significant improvement recorded by the commission in its service delivery.