The Corporate Affairs Commission (CAC), in collaboration with the Nigeria Inter-Bank Settlement System (NIBSS), has launched a new Application Programming Interface (API) integration system that enables private companies to access company data from the Commission’s database.
Hussaini Ishaq Magaji (SAN), the Registrar General of CAC, spoke on Monday in Abuja at the unveiling and stated that the system would provide selected private organizations with access to CAC services through technology-based companies known as “super agents.”
Before now, only a few government agencies had this integration, especially those involved in investigations, anti-money laundering, and terrorism financing. Now, private companies that meet the criteria can also access it,” he said.
He said the system complies with the Nigerian Data Protection Act 2023, and information such as residential addresses, phone numbers, and dates of birth may be restricted.
This is an appeal to companies and law firms that have the appropriate technology. NIPS was our starting point due to their established credibility. It is now possible for banks and embassies to directly verify company records through these. ”
“Fees are prescribed. He explained, “We are already gathering them on our portal, and now customers can make payments through these agents as well.”
He named NIPS, MoneyPoint, and OPE as some of the companies involved. “OPE and MoneyPoint handle only registrations. But NIPS has moved further into validation and verification,” he said.
Ngover Ihyembe-Nwankwo, Executive Director at NIBSS, who represented the Managing Director, Premier Oiwoh, said the service allows secure and efficient data verification.
“This is the result of years of effort to connect our systems with CAC. It will help users verify data within the limits of data protection laws,” she said.
She said the move is a way to lower costs and promote interoperability across the financial sector.
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