The Corporate Affairs Commission (CAC) has stated that it is treating no less than 15,000 applications daily, including on weekends, for its fintech regularisation program.
The commission stated in a public notice on ease of doing business while disregarding misleading claims made in the media about its services with respect to name search availability. It noted that the reports were false and aimed at discrediting the image of the organisation.
On its effort to regularise the fintech and agent banking industry, the commission stated that its approving officers are treating each application based on its merit.
It stated, “The General Public may recall that in line with the provisions of Section 863(1) of the Companies and Allied Matters, CAMA 2020, and the CBN guidelines for Agent Banking, 2013, the Commission commenced the regularisation of all Fintechs in the country.”
“In view of the set deadline for the regularisation of the Fintechs, the Commission is unprecedentedly treating no less than 15,000 applications per day (weekends inclusive), and its hardworking approving officers are working assiduously to treat applications based on their merits.”
