Nigeria: We Won't Tolerate Sharp Practices in Our Dealings - CAC

5 August 2021

Registrar General/CEO of the Corporate Affairs Commission (CAC), Alhaji Garba Abubakar, has harped on the need for stakeholders to avoid sharp practices while dealing with the commission.

He stated this while receiving the President of the Chartered Secretaries and Administrators of Nigeria (ICSAN), Taiwo Olowokolade, on a courtesy call to the commission recently.

The RG, who charged stakeholders who are mostly lawyers, accountants and chartered secretaries to strictly adhere to professional ethics, said the commission was "often bombarded with sometimes manifestly forged documents at the point of registration."

He, therefore, stressed that the CAC was ready to take drastic measures against any erring professional, adding that upon implementation of the CAMA 2020, the CAC registration portal had placed more responsibilities on professionals acting on the authority of their clients believing that they would do the right thing.

The registrar general however commended ICSAN members for maintaining professional ethics in their conduct and congratulated them for their reintegration on the CAC Governing Board by the CAMA, 2020.

In July, 14 CAC staff were admitted through the ICSAN Fast-Track in 2021 and inducted as associates of the institute.

ICSAN President Olowokolade said the institute was dedicated to enhancing the status and practice of corporate governance and public administration in Nigeria.

He added that it was also a member of the Corporate Secretaries International Association (CSIA), a Hong Kong-registered global organization dedicated to developing and growing the study and practice of secretaryship to amongst others improve professional standards.

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