HomeBusinessCAC to replace signatures for business registration with NIN

CAC to replace signatures for business registration with NIN

The Registrar-General of the Corporate Affairs Commission, Garba Abubakar, has stated that the National Identity Number (NIN) will henceforth take the role of signatures in the registration of businesses.

According to a statement on Thursday and signed by the CAC spokesperson, Rasheed Mahe, Mr. Abubakar made this declaration at the recently concluded 2022 management retreat held in Kano.

The head of the CAC stated that the new strategy is a component of the National Identity Management Commission’s integration and that when it is put into practice, the CAC might only need NIN enrollment numbers rather than signatures to process registration applications obtained from other jurisdictions.

In accordance with the statement, the CAC received special attention during the retreat and had all of its staff members undergo refresher training. According to Mr. Abubakar, the Commission will train 700 employees by the end of 2022, surpassing the 583 employees trained in 2021.

He continued by saying that additional Commission employees will receive working tools, some of which will come courtesy of the World Bank, to enable them to approve registrations even outside of regular business hours.

NIN usage for Nigerians has previously been imposed by other government organisations when the number became necessary for SIM cards in December 2020.

The Nigerian government ordered telecom firms to prohibit SIMs unconnected to NINs starting in April 2022.

Nigerians started registering their cars with NIN in the second quarter of 2021. The decision was made, according to Bisi Kazeem, spokeswoman for the Federal Road Safety Corps (FRSC), by a presidential directive.

All prospective candidates for the 2022 Unified Tertiary Matriculation Examinations (UTME) have been instructed by the Joint Admissions and Matriculation Board (JAMB) to obtain their NIN prior to the exam.

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