The Corporate Affairs Commission (CAC) has restated its dedication to transparency, reform, and efficient service delivery in line with President Bola Tinubu’s Renewed Hope Agenda.
This comes amid what it described as increasing intimidation and false allegations targeting its Registrar-General, Hussaini Magaji.
In a statement issued on Thursday in Abuja, the CAC management dismissed the claims as unfounded and politically driven attempts to derail the commission’s ongoing reform agenda designed to improve Nigeria’s business environment.
The statement read, “The attention of the Corporate Affairs Commission has been drawn to recent acts of intimidation and baseless allegations targeted at the Registrar-General.
“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.”
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The commission urged individuals or groups with legitimate evidence of misconduct to direct such information to relevant anti-corruption agencies instead of resorting to 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.
Reiterating its focus on accountability and due process, the CAC emphasized that it would not be swayed by efforts to tarnish its leadership. It stated that its priority remains the advancement of corporate reforms and the strengthening of Nigeria’s ease of doing business framework.
“The Commission remains committed to transparency, reform, and quality service delivery to Nigerians under the Renewed Hope Agenda,” it said.
As Nigeria’s corporate regulator, the CAC oversees company incorporation and business registration. Under Magaji’s leadership since 2023, the agency has embarked on major digital transformation initiatives, including the deployment of Artificial Intelligence in its registration processes. The move, according to the commission, aims to promote transparency, reduce bureaucracy, and enhance Nigeria’s competitiveness.
However, the AI-powered registration platform, launched in July 2025, has sparked criticism from lawyers, business owners, and registration agents who complain of frequent system failures and disruptions that have hampered business operations.
Users have reported difficulties such as payment errors, server downtime, and delays in processing name reservations, registrations, and post-incorporation filings.
Despite these setbacks, the CAC maintained that it remains resolute in its reform drive and will continue to uphold accountability, transparency, and investor confidence in Nigeria’s corporate space.
