NIN to Replace Signature for Business Registration – CAC

Alt: = "CAC Registrar-General, Garba Abubakar, and CAC Logo"

The Nigeria’s Corporate Affairs Commission (CAC) has said that National Identification Number (NIN) would replace signatures required by applicants for business and company registration.

The Registrar-General of CAC, Garba Abubakar announced this on Wednesday. He revealed that the Commission is partnering with the National Identity Management Commission (NIMC), and their partnership has reached advanced stage as part of its reform initiatives for effective service delivery.

According to the Registrar-General, once implemented, the CAC might only require NIN enrolment numbers and not signatures to process business registration and incorporation as they are obtainable in most other countries.

Mr. Abubakar said that the commission has extremely talented, dedicated, and skilled employees who work after hours to approve consumer applications, promising that training and re-training of its members of staff in all sections of its operations would continue to receive priority attention in a bid to achieve its mandates.

He said 583 staff members were trained in 2021, and 700 staff members will be trained before the end of 2022.

Abubakar stated further that more Commission’s employees will have access to working modern equipment, and some of those tools would come from the World Bank.

He claimed that the work tools will enable them to approve registration applications even after business hours and days.

Read also: How to Register Your Business within 48 Hours

Abubakar urged employees to recommit to their jobs, urging those particularly in charge of approvals to take precautions to avoid avoidable mistakes.

As at last month, July, about 86 million Nigerians have enrolled on the National Identification Number database.

Presently, applicants for business registration are required to provide their National Identity Numbers (NIN).

According to data from NIMC, 48 million, representing 56% of persons so far captured in the NIN database, are male, while 37.52 million, representing 44%, are female as enrollment had risen to rose to 85.59 million as of July 7, 2022.

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