CAC Secures 4-year Jail-term against Forger of Annual Return Receipts

James Emejo in Abuja

The Corporate Affairs Commission (CAC) yesterday said it has secured the conviction of one Abubakar Sadiq Aremu for four years imprisonment for cheating and forgery of its annual return receipts.

In a statement made available to THISDAY, the commission pointed out that the convict was accused of uploading forged receipts to pay a company’s annual return on the CAC portal.

Aremu, was reportedly arraigned on March 21, 2023, before Upper Area Court Mpape Abuja, and pleaded guilty to the offense and was, therefore, sentenced by the presiding judge.

Reacting to the judgment, the Registrar-General/Chief Executive, CAC, Hussaini Ishaq Magaji, described the development as a milestone achievement for the commission.

He said the victory represented a major boost to his efforts to stem the activities of criminals trying to circumvent established processes and procedures in CAC.

The CAC boss, further emphasised that the commission was ready to go after anyone trying to flout its rules to strengthen the system for the benefit of the economy.

Separately, Magaji said the commission was prepared to work with stakeholders to ensure that issues related to the regulation of entities are seamlessly implemented.

During a familiarisation session with customers/stakeholders in Abuja, he said under his watch that the commission will continuously engage with software vendors to improve areas that require urgent attention to make the Companies Registration Portal (CRP) perform optimally. 

He said, “This will resolve problems associated with delays in service delivery. The commission has also initiated reviewing our operational checklist to bring it up to speed with international best practices. 

“This will go a long way in simplifying our processes and also reduce the time cycle for our services and product delivery.

“We are also reorganising the call center to make it a response center that will attend to customer complaints and inquiries within 24 hours.”

Magaji said, “This will also address the anxiety of resolving issues promptly and addressing the overall expectations of customers and stakeholders.

“I will be engaging and collaborating with all of you continuously to get inputs and suggestions that will ensure a good experience in service delivery as we move forward on this journey.”