CAMA amendment will strengthen our enforcement capacity – CAC

The Registrar-General, Corporate Affairs Commission, Bello Mahmud, on Monday said that an amendment of the Companies and Allied Matters Act would strengthen the regulatory and enforcement capacity of the commission.

Mahmud, according to a statement by the Head, Public Affairs Unit, CAC, Mr. Godfrey Ike, said this at the 2017 Annual General Conference of the Nigerian Bar Association. The CAMA, which established the CAC, has been in operation for over 20 years.

The CAC boss said an amendment was currently needed to enable the commission to keep pace with changing business practices. He stated that the commission had recorded a lot of progress in business registration in Nigeria in line with global best practices.

Mahmud noted that the deployment of the user-friendly company registration portal had enabled customers to have online access to the services of the commission from the comfort of their offices and homes, using different e-payment platforms.

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