The Corporate Affairs Commission (CAC) has issued a stern warning, pledging to impose stringent sanctions on any officer found culpable of misconduct. This development follows a wave of complaints and reports, particularly on social media, alleging that certain applications are being expedited by CAC staff at the expense of others.
In a public notice dated January 23, 2025, the CAC management expressed grave concern over these allegations, affirming its commitment to investigating the matter thoroughly. The commission emphasized its zero-tolerance stance on violations of its set guidelines and standard operating procedures.
“The Commission does not take the allegations lightly and is therefore investigating them with a view to dealing decisively with anyone involved in flouting its guidelines,” the notice read.
While the complaints are being reviewed under the supervision of the Registrar-General, the CAC has urged the public and its esteemed customers to provide any incriminating evidence against officers suspected of malpractice. Such evidence, it noted, would facilitate appropriate disciplinary actions against those responsible.
Reassuring applicants, the CAC stated that all applications are processed on a “first-come, first-served” basis and evaluated on merit. It also clarified that expedited same-day services are only available through paid options, accessible via the Companies Registration Portal (CRP).
To further bolster transparency and efficiency, the commission revealed its readiness to integrate Artificial Intelligence (AI) into the registration process. This technological advancement is expected to minimize human interference and align with global best practices.
The CAC reiterated its commitment to delivering prompt and efficient services to its customers, signaling its dedication to upholding integrity in its operations.
