The Corporate Affairs Commission (CAC) and Nigeria Inter-Bank Settlement System (NIBSS) have partnered to unveil an Application Programming Interface (API) to deliver specialized services to all sectors of the economy.
The API system unveiled by the commission will be working with a few selected private sector called super agents to retrieve data from the CAC data base at a fee, the API before now was classified and was only available to few government agencies, including the law enforcement agencies.
The Registrar-General, CAC Hussaini Ishaq Magaji disclosed this during the unveiling of API in Abuja highlighting the Product Differentiation for customers satisfaction.
He said: “The API was aimed at strengthening their investigatory responsibilities in Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) processes in the country. As it stands it is being offered to a few selected private sector organizations that have indicated interest and demonstrated capacity to deliver the specialised services.”
“The API is sensitive to the requirements of the Nigeria Data Protection Act (NDPA) 2023, with identifiable information protected by the Act such as residential address, email address, personal telephone numbers and date of birth which might be restricted.”
CAC cracks down on unregistered businesses, says it’s criminal offence
Financial inclusion: NIMC, NIBSS, others roll out digital cards with multiple wallets.
Few organisations like NIBSS, Moniepoint Opay, Oasis Management Company limited are pacesetters pioneer super agents in this field.”
Magaji said the government knows the credibility of NIBSS, saying: “They are the source of BVN all over the country”.
This is telling Nigerians that embassies, banks can achieve all the services they require through NIBSS and also generate status report of any company through this medium.
Speaking at the launch of the CAC integration service, Ngover Ihyembe-Nwankwo, Executive Director, Business Development NIBSS Plc commended the CAC for demonstrating true partnership and a shared commitment to national progress, stating that, the public launch of this service not only democratise access to data verification but does so with full incorporation of data protection, security, and operational efficiency at its core.
