CAC postpones new fees, penalties implementation to September 1

The Corporate Affairs Commission has announced the postponement of the implementation of new fees and penalties for document downloads on its upgraded registration portal to September 1.

The CAC, in a public notice released on Monday in Abuja, said the decision to delay the rollout followed transitional challenges being experienced by users on the portal.

The News Agency of Nigeria reports that the enforcement, which was initially scheduled to commence on Aug. 1, affects charges for documents not downloaded within seven days of approval.

The commission listed some problems encountered by users, including difficulties with downloading documents, payment processing, post-incorporation filings for business names, and uploading of certain required documents.

“We are working tirelessly, alongside our technical partners and stakeholders, to stabilise the system without shutting down the entire portal,” the commission said.Related News

According to CAC, the shift in date is a temporary relief aimed at supporting businesses and ensuring a seamless user experience during the transition to its Artificial Intelligence-powered platform.

The commission said the adjustment was also in response to feedback received from customers and stakeholders across the country.

“We appreciate your patience and understanding,” it stated.

NAN reports that the CAC inaugurated the new digital portal on June 30 to improve service delivery and reduce the turnaround time for business registration processes.

NAN