C.A.C CANCELS ACCREDITATION OF LAWYERS, ORDERS N10K YEARLY RENEWAL FOR LAWYERS, N50K FOR FIRMS

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The Corporate Affairs Commission has canceled the unlimited accreditation granted to Lawyers, Chartered Accountants and Chartered Secretaries to transact business with the Commission on behalf their clients. The commission has replaced the unlimited accreditation with yearly renewable accreditation at the cost of Ten Thousand Naira for individuals and Fifty Thousand Naira for firms.

A Guideline from the Commission stated that all agents accredited with the commission have until the 31st day of March 2021 to renew their accreditation in line with the new directive of the commission.

A source quoted the Registrar-General of the commission, Garba Abubakar, as saying that the new guideline became necessary because some of the accredited agents became deceased or changed address without informing the commission. The source stated that any agent that didn’t update his accreditation before 31st March will be de-accredited and will need to personally present himself at the commission to be accreditation again.