The Corporate Affairs Commission (CAC) has again demonstrated its commitment to meeting customers’ expectations by unveiling API integration with a super agent, Nigerian Interbank Settlement Systems (NIBS).
A statement issued by the public affairs division of the Commission which described the development as ‘milestone achievement ‘ noted that “Prior to today’s milestone achievement, few government agencies, especially law enforcement agencies conducting investigatory responsibilities in anti-money laundering and countering terrorism financing(AML/CFT) processes, had such privileges”.
Unveiling the framework today in Abuja, the Registrar-General/CEO, CAC Hussaini Ishaq Magaji, SAN, said the measure was geared towards ensuring effective and efficient service delivery.
Hussaini Ishaq Magaji stated that the landmark agreement will enable the super agent to extract or retrieve data from the Commission’s database at a fee and modify or transform it into a specific type of information for the benefit of their clients.
He revealed that the Application Programming Interface was being offered to qualified private sector organisations and called on others, especially law firms with the capacity to deliver the specialised services, to leverage the new window.
Magaji stressed that the API integration was in consonance with provisions of the Nigeria Data Protection Act (NDPA) 2023.
He therefore said identifiable information bordering on residential address, email address, personal telephone numbers and date of birth may be restricted.
In his comments, the Managing Director and CEO of the NIBSS, Premier Oiwoh, represented by Ngover Ihyembe Nwankwo, Executive Director of Business Development expressed delight over the collaboration with the Commission, which he said was long awaited.
Premier Oiwoh therefore pledged to ensure strict adherence to the terms of the integration as well as offer good quality services to their clients.
He applauded Hussaini Ishaq Magaji’s vision for a better CAC and the country’s economic landscape in line with global best practices.
A symbolic signing of the agreement by the two parties concluded the deal.
