The Corporate Affairs Commission (CAC) has expressed determination to block all suspected fraudulent applications to register new companies, as well as existing ones trying to take over lands belonging to others.
The commission disclosed this in a statement issued today in Abuja by its Head of Media, Mr. Rasheed Mahe.
The statement which quoted the Registrar General of CAC, Alhaji Garba Abubakar said that high incidence of applications with names closely similar to existing ones were recorded recently.
Abubakar who said this at a Customers/Stakeholders' Forum held in Lagos pointed out that this measure put in place was to further boost the Federal Government's fight against corruption.
He assured that the commission will continue to remain vigilant to ensure that fraudsters don't take over other people's lands.
In his words, "The commission had upon the commencement of the implementation of CAMA, 2020 invoked the provision of Data Privacy and Protection Act to eliminate incidences of presenting cloned signatures to the CAC for registration purposes.
“In view of the provisions of the law, the commission discontinued the issuance of certified true copies of some documents.
Abubakar expressed concern that in spite of the provisions of the Data Privacy and Protection Act, some customers were still yet to accept the new arrangement which was invoked to amongst others check fraud.
On the ongoing reform initiatives, the Registrar General said the commission was reviewing its checklist for some services, adding that it would deploy Customer Relationship Management (CRM) system toward resolving customer challenges real-time.
While cautioning accredited agents against sharing their access to CAC portals with others to guard against fraud, he revealed that the commission had completed work on the insolvency framework.
According to him, the commission will soon expose the regulation to the public through its website.