CAC Stands Firm on Transparency Amid Record Tampering Claims
The Corporate Affairs Commission (CAC) on Saturday, reaffirmed its commitment to transparency, accountability and the protection of Nigeria’s corporate registry. The Commission gave the reaffirmation in a statement signed by its management in Abuja.
The statement followed calls and enquiries received by the commission over a social media report alleging that it illegally tampered with the records of an Abuja-based firm, Jonah Capital.
CAC described the allegation as false, misleading and a deliberate attempt at blackmail. It noted that all actions taken on company records were strictly guided by the provisions of the Companies and Allied Matters Act (CAMA) 2020.
According to the Commission, by the provisions of CAMA 2020, it is lawfully empowered to correct, rectify and regularise company records where illegality, falsification or non-compliance is established.
The statement said that such interventions were carried out transparently, in real time, and in line with due process, adding that any review or adjustment of company records was undertaken based on verifiable documentation and clear audit.
The CAC further said that the process is designed to safeguard investors, creditors and the integrity of the Nigerian business environment.
According to the Commission, the statutory responsibility to correct anomalies in company records is central to its mandate and ensures fairness, equity and confidence in the country’s corporate regulatory framework.
The CAC emphasised that the era of unlawful alteration of company records was long over, noting that it does not act capriciously nor derive any benefit from record corrections carried out in the discharge of its duties.
The Commission said that it will not be distracted by attempts to undermine lawful regulatory actions, affirming its resolve to continue discharging its responsibilities without fear or favour. #CAC Stands Firm on Transparency Amid Record Tampering Claims#
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