Registrar General and the Chief Executive Officer of the Corporate Affairs Commission, Alhaji Garba Abubakar, was Radio Nigeria Guests on Radio Link on Saturday 12th September, 2020
The Corporate Affairs Commission CAC was established by the
Companies and Allied matters Act, which was implemented in 1990 to
regulate the formation and management of companies in Nigeria.
The commission is saddled with the responsibility to regulate and supervise
the formation, incorporation, management and winding up of companies.
It also registers business names and incorporated trustees.
The commission is committed to providing registration, regulatory services
that meet the expectations of stakeholders for the benefit of the
To achieve this mission, the Commission is currently
undergoing intense reforms to upgrade its operations in line with the
recently signed Companies and Allied Matters Act, CAMA 2020.
The repeal and re-enactment of the Companies and Allied Matters Act, 1990
known as CAMA 2020 is a major game changer in the corporate
The newly enacted Act introduces measures to ensure efficiency in the registration and regulation of corporate vehicles, reduce the compliance burden of small and medium enterprises (SMEs). enhance transparency and stakeholders engagement in corporate vehicles and, overall, promote a more friendly business climate.
It is worthy of note that the CAMA, 2020, which is the foundational legal
basis for corporate vehicle regulation, was long overdue and this is its
first comprehensive update in 50 years.