CAC’s 24hrs business registration collapses

Barely two years after it was commissioned by the Minister of Trade and Investment, Mr. Olusegun Aganga, the 24 hours registration of businesses by the Corporate Affairs Commission, CAC, has collapsed due to technical hitches occasioned by server failure.

As a result, business registration now takes between one to three months, while business name availability search takes more than one week.

During the course of the investigation, this reporter applied for business name availability search at the CAC office at Alausa, Ikeja. He was asked to check back in nine days. When he sought to know why, the attendant at the availability section responded