The Ambassador for the Corporate Affairs Commission (CAC), Micheal Nwabufo (known as Mike Premium), has said business registration with CAC can be completed within 24 hours through the new Special Registration Portal (SRP).
Nwabufo, a talent and brand manager, disclosed this to journalists on Friday in Lagos, just as he urged business owners to beat the deadline.
The deadline was set for July 7, but CAC in the first week of July extended the deadline for two months till September 5.
According to him, CAC has made a lot of significant advancements recently through SRP.
Speaking on the mandatory business registration directed by the CAC and the Central Bank of Nigeria (CBN), Nwabufo said that the portal enables businesses to be registered and receive documentation in a day.
“There is a crucial deadline for agents and fintech companies to register their businesses.
“Compliance is mandatory under new regulations aimed at enhancing transparency and accountability within the financial sector.
“To facilitate this, the CAC has introduced a Special Registration Portal (SRP), a new system enabling businesses to complete their registration directly through their mobile banking apps.
“This innovation streamlines the process, making it quicker and more convenient for agents to comply with the regulatory requirements,” Nwabufo said.
He, therefore, urged business owners to take advantage of the SRP immediately to ensure timely registration and avoid any potential penalty for non-compliance.
Nwabufo urged business owners to arm themselves with further information and access the portal by visiting the official CAC website or consult their banking application.
Emphasising the importance of business registration in Nigeria, Nwabufo said that it would foster uniqueness and trust among entrepreneurs.
According to him, there is an existing partnership between the Practitioners of Content Creating, Skit-Making, and Influencers Guild of Nigeria (PCCSIGN) and the CAC.
