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CAC to deploy financial account filing system for Companies Registration Portal

Ololade Omosan-Agie

The Collaboration between the European Union (EU), British Council, Agents for Citizen-Driven Transformation (EU-ACT) and the Corporate Affairs Commission (CAC) to deploy a Financial Account Filing System for Companies on the Companies Registration Portal (CRP) today received a further boost.

This was demonstrated with the flag off of a one-day “Stakeholders Workshop to Review the System Requirements for the Filing System” today in Abuja.

Declaring the Workshop open, the National Programme Manager, EU-ACT, Damilare Babalola applauded the enormous support and cooperation received from the Registrar General/CEO of the CAC, Alhaji Garba Abubakar towards ensuring success of the project.

Damilare Babalola who noted with delight the progress recorded so far charged participants to contribute meaningfully towards the perfection and deployment of the software in record time.

In his remark, the Registrar General/CEO of the CAC,Alhaji Garba Abubakar restated his commitment towards the implementation of the software which he said was in line with global best practices.

Represented by his Special Assitant, Terver Ayua-Jor, the Registrar General, Alhaji Garba Abubakar applauded what he called the support and tenacity of the European Union and other partners collaborating to build a system that would have global appeal.

He expressed hope that sister Regulatory Agencies would key in to the project by way of integration in order to have a unified standard way of reporting Financial Account by Companies.
The Software Developer, Centrifuge Information Technology Limited in a remark by its Managing Director, Damilola Awe stressed that the engagement was necessary sequel to their visit to Operational Departments in the Commission.

He revealed that the upcoming Software was similar to that of the UK Companies House and would amongst others address irregularities in the filing of Financial Account by Companies.

Also speaking at the event was the CAC, Head ICT, Ambrose Obeta who acknowledged the speedy progress of the project and pledged their commitment towards ensuring its success.

It would be recalled that the Corporate Affairs Commission commenced the implementation of the CAMA, 2020 on 3rd January, 2021. 

Shortly after the commencement of the implementation the CAC in January, 2021 signed a memorandum of understanding with the Citizen Driven Transformation (EU-ACT) to further complement the efforts of the Commission towards achieving full implementation of the CAMA, 2020.

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