cac 2 - register your business name (1).webp
The Digest:

The Corporate Affairs Commission (CAC) has issued a warning to Nigerians to avoid conducting business with three companies using fake incorporation documents and unregistered RC numbers. These companies are operating illegally and pose significant risks to potential partners and investors.


Key Points:
  • CAC flagged three companies with fraudulent RC numbers: SPEF Cooperative Society Ltd, UPIL Staff Cooperative Society Ltd, and PREM Staff Cooperative Society Ltd.
  • These companies are using certificates of incorporation with non-existent RC numbers not listed in the CAC's official records.
  • CAC warned that transactions with these companies are at the individuals' own risk.
  • Investors and partners are advised to verify registration details directly via CAC's official portal before making any agreements or payments.
  • To improve service, CAC introduced an AI-powered business registration platform offering instant services.
  • The commission will review service fees, effective August 1, to enhance efficiency and cost-effectiveness.

CAC urges Nigerians to exercise caution and always verify company details through official channels before engaging in business. The new AI-powered platform aims to streamline processes, ensuring safer and more efficient registrations

Sources: Tribune, CAC, Channels TV