SAN FRANCISCO, November 24, (THEWILL) – The Corporate Affairs Commission, CAC says it will commence full implementation of the CAMA 2020 by January 1, 2021.
This was disclosed by the Registrar General/CEO of the Commission, Alhaji Garba Abubakar when he received the Chairman, Board of Governors of the IoD Centre for corporate Governance, Dr. Ebenezer Ebun Sonaiya, on a courtesy call to the Commission.
Abubakar said that upon the implementation of the CAMA 2020, the Commission will discard the issuance of Certified True Copies in accordance with data protection regulations and only issue extracts from companies’ records.
He added that certified copies of forms that contain signatures will not be issued by the Commission except for litigation purposes where absolutely necessary as the law provides that extracts can suffice.
The RG described as worrisome, situations where people obtain CTCs only to later imitate signatures in attempt to steal other peoples’ companies or lands and expressed confidence that the CAMA, 2020 will go a long way in addressing such concerns.
The Chairman, Board of Governors, IoD Centre for Corporate Governance, Dr. Ebenezer Ebun Sonaiya said they were at the Commission to give feedback on the just completed CAMA, 2020 training workshop organized by the IoDCCG amongst others.
Sonaiya described the training held virtually with 42 Attendees as successful and thanked the CAC for being part of it. He therefore requested for continued partnership with the Commission and urged it to support the IoDCC’S next phase of training schedule for the 1st Quarter of the year 2021.
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