The Corporate Affairs Commission (CAC) has restated its unwavering commitment to openness, institutional reform, and efficient service delivery in line with President Bola Tinubu’s Renewed Hope Agenda, while condemning what it termed a smear campaign and unfounded accusations aimed at its Registrar-General, Hussaini Magaji (SAN).
In a firm statement released by its management on Thursday in Abuja, the Commission dismissed the allegations as politically driven attempts to undermine its leadership and derail the ongoing transformation of Nigeria’s business climate.
“The attention of the Corporate Affairs Commission has been drawn to recent acts of intimidation and baseless claims directed at the Registrar-General,” the statement noted. “For the avoidance of doubt, the Registrar-General will not bow to blackmail, threats, or distractions in fulfilling his lawful duties.”
The CAC advised individuals or organizations with authentic evidence of misconduct or corruption to channel such complaints to recognized anti-graft agencies, rather than spreading false information and propaganda. The Commission reiterated its dedication to integrity, accountability, and due process, stressing that its management will remain focused on implementing reforms to strengthen Nigeria’s business landscape.
“The Commission will not be diverted by efforts to tarnish its image or that of its leadership. Our attention remains on advancing corporate reforms, improving the ease of doing business, and ensuring transparency at all levels,” it added.
Highlighting its ongoing modernization agenda, the CAC reaffirmed that it is fully aligned with President Tinubu’s economic blueprint. It emphasized that its digital transformation programme, which incorporates Artificial Intelligence (AI) into company registration and management processes, is designed to eliminate red tape, enhance efficiency, and boost investor confidence in Nigeria’s corporate system.
Since assuming office in 2023, Hussaini Magaji (SAN) has introduced significant innovations, including the digitalization of company registration, tighter oversight to curb fraudulent submissions, and initiatives to make business formation faster and more transparent. These reforms, according to the Commission, aim to position Nigeria as a more attractive and credible destination for investment.
Nevertheless, the CAC acknowledged that its new Intelligent Company Registration Portal (ICRP), launched in July 2025, has encountered operational issues. The AI-driven platform, meant to simplify business registration and post-incorporation services, has drawn criticism from lawyers, entrepreneurs, and registration agents over payment glitches, service interruptions, and prolonged downtimes that have disrupted operations.
Users have reported difficulties in completing name reservations, business registrations, and other filings. The Commission, however, assured stakeholders that these challenges are temporary technical setbacks typical of major system upgrades and are being promptly addressed.
“The CAC remains resolute in its reform efforts and will continue refining the system to meet public expectations,” the statement emphasized.
Reaffirming its stance on transparency and accountability, the Commission vowed not to yield to blackmail or misinformation. It called on the public and the media to support its modernization initiatives aimed at strengthening Nigeria’s corporate regulation, building investor trust, and promoting sustainable economic growth through efficient service delivery.
