After successful International Press Conference and Workshop yesterday, the Corporate Affairs Commission (CAC), will today, launch the Beneficial Ownership Register.
There will be a demonstration of how to access information in CAC data base with regards to obtaining information about significant share holders Com any given entity registered and authorized to do business in Nigeria.
The Register was established for the purpose of preventing money laundering and terrorist financing, and contains data on the beneficial owners of Companies, Incorporated Trustees and Trusts.
Up to now, to know the owners of a company, one has to seek Order of court to uplift the vail of incorporation.
This is cumbersome and before an Order is gotten, changes would have been made by the company, backdating either the resignation of a director or relinquishing of shares by a shareholder.
The Beneficial Ownership Register, will cure this by making readily available to the public at no cost but just a click and surfing CAC website.
The management of CAC in collaboration with the World Bank, invites you to this launching;
Venue Fraser Suites, Central Business District, Abuja.
Date: Today, 25th May, 2023.
Time: 9AM prompt.
