 and the Corporate Affairs Commission (CAC) have strengthen their partnership){kind=link}
The Economic and Financial Crimes Commission (EFCC) and the Corporate Affairs Commission (CAC) have agreed to strengthen their partnership in the fight against corruption. This collaboration aims to foster transparency, combat financial crimes, and promote ease of doing business in Nigeria.
EFCC Executive Chairman, Olanipekun Olukoyede, expressed gratitude to the CAC management and staff for their support and prompt responses to EFCC requests. He emphasized that both agencies are working towards their mandates to ensure national development and accountability.
Olukoyede reiterated his commitment to using anti-corruption measures to stimulate the economy, create a business-friendly environment, and ensure regulatory compliance. He stated, “We have resolved to use the instrumentality of fighting corruption to stimulate the economy and create a conducive environment for investors to run their business and ensure that everyone plays by the rules.
“CAC Registrar-General, Hussaini Magaji, reaffirmed the Commission’s resolve to align with President Bola Tinubu’s seven-point transformation agenda aimed at driving economic reforms. Magaji informed Olukoyede that the CAC registration process is now AI-driven, with a newly developed intelligent company registration portal designed to ensure seamless business registration.
The ultimate goal is to register companies within one hour, similar to the UK Companies House, aligning with international best practices. The strengthened partnership between the EFCC and CAC is expected to foster transparency, combat financial crimes, and promote ease of doing business in Nigeria.