Soon, Company Registration Will Not Exceed Three Hours – CAC

Company registration will now be easier as the Corporate Affairs Commission (CAC) has said it would deploy new software in the first quarter of 2014 to further reduce the registration period of companies to a maximum of three hours.

While receiving a Quality Management System (QMS) certificate from the Standards Organisation of Nigeria (SON) on behalf of the CAC in Abuja, the Registrar-General of the commission, Alhaji Bello Mahmud revealed the move was part of efforts by the commission to maintain its current status as one of the best company registries 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,” he said.