The Corporate Affairs Commission (CAC) has reaffirmed its commitment to transparency, reform, and efficient service delivery under President Bola Tinubu’s Renewed Hope Agenda, following what it described as a series of intimidation tactics and false allegations against its Registrar-General, Hussaini Ishaq Magaji (SAN).
In a statement issued on Thursday in Abuja, the commission’s management dismissed the allegations as baseless and politically motivated, insisting they were aimed at distracting the leadership from ongoing efforts to modernise and strengthen Nigeria’s business environment.
“The attention of the Corporate Affairs Commission has been drawn to recent acts of intimidation and baseless allegations targeted at the Registrar-General,” the statement said. “Let it be clearly stated that the Registrar-General will not succumb to any form of blackmail, distraction, or pressure in the discharge of his lawful responsibilities.”
The commission urged anyone with credible evidence of misconduct to approach appropriate anti-corruption agencies rather than engage in smear campaigns. “Anyone with credible evidence of corruption or wrongdoing against him should forward such petitions to the relevant anti-corruption agencies for proper investigation and prosecution,” it added.
Reaffirming its stance on accountability and due process, the CAC maintained that it would not be deterred by attempts to malign its leadership, stressing that its focus remains on driving corporate reforms and improving Nigeria’s global ease of doing business ranking.
“The Commission remains committed to transparency, reform, and quality service delivery to Nigerians under the Renewed Hope Agenda,” the statement concluded.
The CAC, which oversees company incorporation and business registration in Nigeria, has embarked on an ambitious digital transformation programme, including the deployment of artificial intelligence in its registration system. The initiative, according to the commission, aims to enhance transparency, reduce bureaucracy, and make it easier for entrepreneurs to formalise their businesses.
Since his appointment in 2023, Magaji has led sweeping reforms within the commission — from full digitalisation of registration processes to measures designed to prevent fraudulent filings and improve regulatory efficiency.
However, the CAC’s new Intelligent Company Registration Portal, launched in July 2025, has attracted criticism from lawyers, business owners, and registration agents. Many users have accused the system of frequent glitches, payment failures, and extended downtimes that have disrupted business activities across the country.
Entrepreneurs and legal practitioners say the portal often goes offline for weeks, preventing the processing of name reservations, company registrations, and post-incorporation filings.
Despite these complaints, the CAC has stood by the reform initiative, noting that temporary technical setbacks are being addressed as part of a broader effort to stabilise the new system. The commission said it would continue to prioritise accountability and investor confidence while ensuring that the corporate sector remains a key driver of Nigeria’s economic growth.
