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National Assembly commends CAC reform Initiatives

Business 360 by Business 360
July 26, 2021
in News, Political Economy
0
Senate moves to stop MDAs frivolous spending

The National Assembly has commended the reform initiatives of the Corporate Affairs Commission (CAC), which is geared towards boosting current efforts by the federal government to improving the ease of doing business in the country.

This is contained in a statement signed by the Head of the Media Unit of the commission, Rasheed Mahe, last week.

According to the statement, the commendation came shortly after the Chairman, Senate Committee on Trade and Investments, Senator Francis Fadaunsi, alongside other Senators visited the commission’s Port Harcourt Office in Rivers as part of their oversight functions.

Senator Fadaunsi commended the commission’s Registrar-General, Garba Abubakar, whom he said deserved a pat on the back for the great work he is doing implementing reforms to ease the registration processes.

The committee charged the commission to sustain the tempo of reforms noting that registration processes were now faster. Fadahunsi, who described Abubakar as a “very courageous young man who fits the job”, urged him to keep up the good work by improving the commission’s revenue in order to remit more operating surplus to the federation account. He also thanked President Muhammadu Buhari for appointing a “brilliant young man to head a very important government agency like the CAC”.

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