Registry Scorecard      Nigeria
About Us• Corporate Affairs Commission is responsible for  administrating :-  – Companies  – Business Names (Sole propriet...
Statistics• Total number of registered Companies:  1,015,808• Total number of registered Business Names:  2,042,014• Total...
Staffing• 1,585 Commission staff including:-  – Registry Department -279  – Compliance -33  – Incorporated Trustees -31  –...
Latest Features•   Digitization of manual Companies records•   Fees review•   Introduction of new registration forms•   Ne...
Risks/Concerns• Identifying and combating fraudulent changes  in the Register• Combating touting by Commission’s staff
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Nigeria | Registry Scorecard

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Nigeria | Registry Scorecard

  1. 1. Registry Scorecard Nigeria
  2. 2. About Us• Corporate Affairs Commission is responsible for administrating :- – Companies – Business Names (Sole proprietorship and partnerships) – Incorporated Trustees• Registration is semi-automated with customers still filing paper documents, however, there are plans to introduce an electronic system for most services
  3. 3. Statistics• Total number of registered Companies: 1,015,808• Total number of registered Business Names: 2,042,014• Total number of registered Incorporated Trustees: 65,186• Total number of new Companies registered in the last 12 months: 119,713• Total number of searches on Companies in the last 12 months: 153,610
  4. 4. Staffing• 1,585 Commission staff including:- – Registry Department -279 – Compliance -33 – Incorporated Trustees -31 – Business Names – 26 – Customer Service – 125 – Record Management Unit – 166
  5. 5. Latest Features• Digitization of manual Companies records• Fees review• Introduction of new registration forms• New requirement for submission of recognized form of identification by directors and individual subscribers to Memorandum and Articles of Association
  6. 6. Risks/Concerns• Identifying and combating fraudulent changes in the Register• Combating touting by Commission’s staff

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