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Registry Scorecard

      Nigeria
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
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
Staffing
• 1,585 Commission staff including:-
  – Registry Department -279
  – Compliance -33
  – Incorporated Trustees -31
  – Business Names – 26
  – Customer Service – 125
  – Record Management Unit – 166
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
Risks/Concerns
• Identifying and combating fraudulent changes
  in the Register
• Combating touting by Commission’s staff

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Nigeria | Registry Scorecard

  • 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. 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. 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. 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. Risks/Concerns • Identifying and combating fraudulent changes in the Register • Combating touting by Commission’s staff