FG Announces a New Rule on the Use of NIN Numbers to Replace Signatures for Business Registration

FG Announces a New Rule on the Use of NIN Numbers to Replace Signatures for Business Registration

  • The Corporate Affairs Commission (CAC) has concluded plans to replace signatures with NIN numbers
  • Businesses looking to register their names will simply now have to just use their NIN to complete the process
  • The latest development is in partnership with the National Identity Management Commission (NIMC)

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

This was disclosed by Alhaji Garba Abubakar, the Registrar-General of CAC. He revealed CAC’s partnership with the National Identity Management Commission (NIMC).

He stated that the CACs with NIMC has reached an advanced stage as part of its reform initiatives for effective service delivery, Newsdaily reports.

NIN to replace signatures Credit: Ministry of communication
Source: UGC

Abubakar stated once implemented, the CAC might only require NIN enrolment numbers and not signatures to process registration as they are obtainable in other jurisdictions.

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He claimed that the commission was fortunate to have extremely talented, dedicated, and skilled employees who worked after hours to approve consumer applications.

Abubakar said that training and re-training of its staff members in all sectors of its operations would continue to receive priority attention to achieve its mandates.

CAC staff get ready

In contrast to the 583 staff members trained in 2021, the registrar-general stated that the commission will train 700 staff members by the end of the year.

According to Abubakar, more Commission employees will have access to working equipment, and some of those tools would come from the World Bank.

He claimed that the work tools will allow them to approve registration requests even after regular business hours.

Abubakar also urged employees to recommit to their jobs, urging those in charge of approvals, in particular, to take precautions to avoid mistakes that may have been prevented.

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List of 5G compatible phones as Nigeria set to roll out services in August

In another report, the Federal government of Nigeria has announced plans to begin the rollout of 5G network in the country

The roll-out will begin in August which will be exactly 8 months after the NCC the spectrum auction

Legit.ng provided insight on compatible phones for the expected 5G network to be rollout on Mafab communication and MTN Nigeria.

Source: Legit.ng

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