CAC Set To Reduce Business Registration Period

The Corporate Affairs Commission (CAC) says it would deploy new software in the first quarter of 2014 to further reduce the registration period of companies to a maximum of three hours.

The Registrar-General of the commission, Alhaji Bello Mahmud, stated this while receiving a Quality Management System (QMS) certificate from the Standard Organisation of Nigeria (SON) on behalf of the CAC recently in Abuja.

Mahmud said that the move was part of efforts by the commission to maintain its current status as one of the best company registries in the world as shown by the ISO certification.

“We have been able to reduce the period of registration of companies from five days to 24 hours since the adoption of the International Standard Organisation (ISO) standards.

“We intend to reduce it further to a maximum of three hours by the time we deploy new registration software in the first quarter of 2014,” he said.

The registrar-general said that Quality Management System had been a veritable tool for the significant improvement recorded by the commission in its service delivery.

The Tide reports that the Director-General of SON, Mr Joseph Odumodu, presented the QMS certificate to the CAC on behalf of the International Standard Organisation (ISO).

Odumodu said that the certificate was in recognition of the commission’s pursuit of excellence in its service delivery to Nigerians.

He said that the QMS adopted by the CAC had helped the commission to understand customer needs and meet their expectations as well as improve on its set processes and documentation, among others.

According to him, CAC is the first Federal Government agency among four others to obtain certification on QMS from SON.

He identified the other agencies as the Nigeria National Petroleum Corporation (NNPC), the Federal Roads Safety Commission (FRSC) and SON.

“This remarkable achievement can be ascribed to the desire of the commission to improve on its processes, documentation and on-time delivery of services to its customers.

“By this impressive feat, CAC has formally announced themselves among the league of the lofty class of Quality Management System certified organisations in Nigeria,” he said.

Odumudu urged public and private organisations in the country to work hard to satisfy their customers’ needs if they wished to be relevant in a highly competitive environment.