CAC warns against sharp practices

The Registrar General of the Corporate Affairs Commission (CAC), Mr Garba Abubakar, has emphasised the need for stakeholders to avoid sharp practices while dealing with the Commission.

Mr Garba Abubakar made this known while receiving the President of the Chartered Secretaries and Administrators of Nigeria (ICSAN), Taiwo Olowokolade in Abuja.

The Registrar General who charged stakeholders who are mostly Lawyers, Accountants and Chartered Secretaries to strictly adhere to Professional ethics said the Commission was often bombarded with sometimes manifestly forged documents at the point of registration.

He further stressed that the Commission was ready to take drastic measures against any erring professional noting that upon the implementation of the CAMA, 2020; the CAC Registration Portal had placed more responsibilities on professionals acting on the authority of their clients believing that they would do the right thing.

Mr Abubakar assured the Chartered Secretaries and Administrators of Nigeria of the Commission’s continued support and cooperation.

The President of the Chartered Secretaries and Administrators of Nigeria, Taiwo Olowokolade applauded the reform initiatives of the Commission and pledged their continued support and cooperation with the CAC.

He stated that his team was dedicated to enhancing the status and practice of Corporate Governance and Public Administration in Nigeria added that it was also a member of the Corporate Secretaries International Association, a Honk Kong-registered global organization dedicated to developing and growing the study and practice of secretaryship to amongst others improve professional standards. (VON)