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CAC Unveils AI-powered Portal For 30-minute Company Registrations

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The Corporate Affairs Commission has launched a pilot Artificial Intelligence-powered registration portal to overhaul the current Company Registration Portal.

The Registrar-General and Chief Executive Officer of the Commission, Hussaini Ishaq Magaji, disclosed this at the 2025 Stakeholders’ Forum meeting.

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A statement issued by the commission on Tuesday described the initiative as a game-changer aimed at significantly reducing registration timelines and enhancing the ease of doing business across the country.

According to Magaji, the new system allows for instant name reservation approvals, likening the process to opening an email account.

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It is intelligently designed to suggest available alternatives and grant real-time approvals, removing the traditional bottlenecks,” he said.

One of the portal’s standout features is its ability to facilitate business registration using only the National Identification Number of a director or proprietor.

Magaji said that once real-time NIN verification is successful, a certificate of incorporation would be generated and delivered to the applicant’s email within 30 minutes.

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He stated, “The target time for business registration is under 30 minutes to generate a certificate and deliver to the customer’s email, subject to real-time NIN verification.”

READ ALSO:CAC’s Good Women Choir Leader, Fasoyin, Speaks On Composition Of ‘Odun Nlo Sopin’ Song

While acknowledging that some delays may still arise due to external validations from the National Identity Management Commission, he revealed that a contingency plan has been built into the platform, using AI-powered photo ID matching to overcome such hitches.

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In addition, the Commission plans to introduce a two-factor authentication system with OTP verification for all transactions.

This, according to him, will ensure no changes can be made to company records without the explicit knowledge and consent of the registered directors.

Magaji further announced that a CAC mobile application would be launched in the final quarter of 2025 to allow users to track and manage transactions on the go.

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READ ALSO:JUST IN: CAC Gives Unregistered Businesses Deadline, Warns Of Jail Term

Speaking on new partnerships, he disclosed that the Commission is currently reviewing over 100 requests from local and international super agents, including the Nigerian Inter-Bank Settlement System, aimed at deepening access and streamlining services.

Meanwhile, the Registrar-General also revealed that the Commission would commence a review of its service fees effective August 1, 2025, citing the need to maintain service quality and implement ongoing reforms.

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The statement added that goodwill messages at the forum were delivered by the Chairman, Nigerian Bar Association, Port Harcourt Branch, Cordelia U. Eke; Chairman, Institute of Chartered Secretaries and Administrators, Sir Sebastian Essien; and Chairman, Nigerian Association of Small and Medium Enterprises, Elder Dogala Sakpege.

Also in attendance were Mechi Brown, Director of Industry at the Rivers State Ministry of Commerce and Industry, and Miema Akpa, who represented the Chairman of the Institute of Chartered Accountants of Nigeria, Port Harcourt branch.

A CAC technical team was present during the event to attend to customer complaints and provide on-the-spot solutions to registration challenges.

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Go And Sin No More, CAC Tells Pastor Fatoyinbo After Gaffe

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The Christ Apostolic Church has accepted the apology of the Global Senior Pastor of the Commonwealth of Zion Assembly, Biodun Fatoyinbo, after his recent remarks about the CAC’s late founder, Apostle Joseph Ayo Babalola, stirred outrage.

Speaking on behalf of the church, the Director of Publicity for CAC, Pastor Aderinsoye Alawode, said the apology was received in good faith, noting that it reflected remorse and a willingness to make amends.

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Fatoyinbo, while delivering a sermon, had said Apostle Babalola was anointed but had no money.

He also said Babalola died poor and questioned the whereabouts of his children.

READ ALSO:CAC Unveils AI-powered Portal For 30-minute Company Registrations

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I was studying recently about what Apostle Babalola did. I stand to be corrected. What God did through Smith Wigglesworth, if they had documented what God did in the life of that man (Babalola), people would be coming here for pilgrimage. He was anointed. So anointed. Anointed man. Heavy-duty grace, but no money. So, all the grace just went like that,” Fatoyinbo said.

But reacting, the CAC, in a statement on Thursday, signed by Alawode, accused Fatoyinbo of promoting a misleading link between ministerial success and material wealth.

“Ordinarily, we do not respond to social media commentaries or controversies. However, we consider it necessary to address your recent statements, which have been widely circulated on your social media platforms.

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“In one of your trending messages on YouTube, you acknowledged that Apostle Babalola was highly anointed but ‘had no money,’ and then went on to ask sarcastically, ‘Where are his children?’ — a question that was both insensitive and ill-informed.

READ ALSO:Bridging Gap Between Awareness And Usage: The Role Of Local Influencers In Family Planning Advocacy In Edo

To equate anointing or ministerial success with material wealth is biblically flawed. The words of Jesus are clear: Take heed and beware of covetousness, for one’s life does not consist in the abundance of the things he possesses — Luke 12:15,” the church said.

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Also reacting, the first daughter of Apostle Babalola, Deaconess Eunice Ogini, said her father lived a life of service to God and humanity, and that his children continued in his footsteps.

She rejected the claim that he died poor or left no tangible legacy, stressing that both she and her sister were blessed and lived comfortable lives as a result of his values and generosity.

Following the backlash, Pastor Fatoyinbo in a statement on Thursday, apologised to CAC and the children of Apostle Babalola.

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He insisted that he did not speak ill of Babalola’s children and maintained that his church was “a place of honour.”

READ ALSO:CAC’s Good Women Choir Leader, Fasoyin, Speaks On Composition Of ‘Odun Nlo Sopin’ Song

Let me state however, that at no time in the sermon did I refer to the children of the late Apostle and Father of faith in bad light. I would never do that. The raw copy of the message is online, and this can be verified.

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“I would never in any way or manner take lightly the grace over Apostle Babalola, his children or his ministry for granted or speak lightly of the same.

“I apologise if any other statement made by me has caused any form of distress, hurt or discontentment to the CAC, the family of the late Apostle Babalola or his associates,” Fatoyinbo said.

Reacting to the development in an interview with The PUNCH, Alawode commended Fatoyinbo for taking steps to address the matter, saying his apology showed humility and a willingness to make amends.

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READ ALSO:CAC Extends PoS Registration Deadline 

He (Fatoyinbo) realised that the statement he made evoked some feelings in some people, and he took steps to correct himself. That is what is needed; it means he has shown remorse.

“Maybe he made the statement in error and once he has (Fatoyinbo) realised that and corrected himself, that is alright,” Alawode said.

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He noted that CAC’s concern was not to accuse Fatoyinbo of malicious intent, but to clarify public misconceptions his remarks might have created.

We too did not say he spoke of them (Apostle Babalola and his children) in bad light, but we just wanted to correct the impression given that maybe Baba did not even have any children at all. The children are alive and all of them are doing well in their various fields of endeavour. They have already retired from government service, and they are church leaders in their own right,” he added.

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Cleric Warns African Leaders Against Oppressing Christians

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The Apostolic Church has advised African leaders to shun “oppressive policies” against Christians, asking them to prioritise the welfare of the people in their countries.

It also appealed to churches embroiled in legal disputes between leaders and members to withdraw such cases from the courts and resolve their differences amicably.

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The National President of TAC Nigeria, Pastor Lawrence Oladele, said this during the church’s African Leaders’ Conference held at the church’s National Temple in Ketu, Lagos, on Friday.

READ ALSO:Church Of Nigeria Formally Cuts Ties With Wales Over Lesbian Archbishop

Oladele also admonished politicians to rule with the fear of God for the African continent to prosper in human and material resources.

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They should stop oppressive policies against Christians; persecutions, and even killings of Christians directly and indirectly by known and unknown bandits without justice for the victims,” Oladele said.

Also speaking, the Coordinator of the conference and President of TAC Ghana, Pastor Aaron Ami-Narh, called the church leaders to embrace youths and empower them with the Apostolic doctrines for a better African society.

You’re responsible for your life. The church must be a good example for African nations so as to have a greater future. We must also pray for the leaders,” Ami-Narh said.

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FG To Disburse Interest-free Loans To Farmers, Small Businesses – GEEP

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The Federal Government will soon commence disbursement of interest-free loans to smallholder farmers and businesses across the country before the end of 2025, the National Programme Manager of the Government Enterprise and Empowerment Programme, Hamza Ibrahim Baba, has said.

Baba made this known on Friday in Kaduna during an engagement with representatives of the traders’ associations and other stakeholders in the state’s informal business sector.

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He said the loans, up to N100,000 per beneficiary, were part of the FarmerMoni scheme under GEEP, which aims to support small-scale farmers involved in poultry, aquaculture, livestock rearing, and crop production.

This pilot phase will support farmers nationwide, small-scale business owners including Kaduna State.

“Beneficiaries will enjoy a six-month moratorium to enable them to produce before beginning repayment.

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The funds will help them acquire inputs such as fertilisers, livestock, veterinary drugs, and other critical tools,” Baba said.

Baba said that the programme, domiciled under the Federal Ministry of Humanitarian Affairs and Poverty Alleviation, was one of the flagship initiatives under the National Social Investment Programme.

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According to him, GEEP provides collateral-free, interest-free loans to micro-enterprises, petty traders, artisans, youth entrepreneurs, and farmers to help scale up their businesses and ensure financial inclusion.

He explained that GEEP operates three schemes: TraderMoni, targeting youths aged 18 to 45 involved in petty trades; MarketMoni, focused on women in small-scale trading; and FarmerMoni, for rural farmers.

Baba added, “These are not grants. They are loans but interest-free.

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READ ALSO:FG Secures $5m Loan To Upgrade Power Distribution Infrastructure

The goal is to help Nigerians at the bottom of the pyramid improve their businesses, become part of the formal financial system, and eventually create jobs.

The co-ordinator said the loans ranged from N5,000 to N100,000, depending on the scheme, and were structured to promote sustainability through monitoring and evaluation.

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He urged traders’ associations and cooperatives to work closely with GEEP Desk Officers and field enumerators across Nigeria’s 774 local government areas to ensure that only deserving beneficiaries were selected.

The success of this programme depends on transparency and proper targeting.
$We want to reach those who truly need support, not those looking to take advantage of the system,” he added.

Baba assured that the Tinubu administration was committed to expanding the reach of all GEEP schemes, stressing that the pilot farmer intervention would lay the foundation for broader rollout in 2026.

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READ ALSO:Credicorp: NYSC Unveils N200,000 Loan Scheme For Corps Members

He acknowledged the contributions of previous administrations and Ministers to GEEP’s development since its inception in 2016 and extolled ongoing reforms aimed at improving delivery and accountability.

He said, “GEEP also works in synergy with other NSIP components, including the National Home-Grown School Feeding Programme, Conditional Cash Transfer, and Grants for Vulnerable Groups.

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“These are all aimed at reducing poverty and improving livelihoods across Nigeria.”

In an interview, one of the beneficiaries, Hauwa Musa, expressed appreciation to the Federal Government for the gesture, stating that the support had significantly impacted her life and helped expand her business.

READ ALSO:Okpebholo Launches 1bn Interest-free Loan For Edo Traders

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Another respondent, Mallam Umar Usman, said he had not benefited from the programme yet but expressed hope of being included in the upcoming GEEP 3.0 phase, whose disbursement was expected to commence soon.

The News Agency of Nigeria reports that the market leaders and stakeholders also commended the Federal Government for supporting business owners with interest-free loans.

They assured that they would work closely with the GEEP Desk Officers to ensure fair distribution and that the support reached those who genuinely needed it.

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