The Corporate Affairs Commission (CAC) has announced plans to implement Artificial Intelligence (AI) in its operations, aiming to enhance transparency and mitigate human intervention in its processes. This strategic decision follows recent allegations circulating on social media that certain applications were being unfairly fast-tracked by the CAC.
In response to these complaints, the CAC has reassured the public that investigations are currently underway to identify any officers who may be violating the commission's established guidelines. "The Commission does not take the allegations lightly and is therefore investigating them with a view to dealing decisively with anyone involved in flouting its set guidelines and standard operating procedures," the agency stated.
To foster accountability, the CAC has encouraged members of the public to submit any evidence of misconduct that could implicate errant officials. "Esteemed customers and the public are enjoined to submit any incriminating evidence against any erring officer, no matter their position, for appropriate disciplinary action," the agency emphasized.
The CAC also reaffirmed its commitment to fairness in the registration process, clarifying that all applications are processed on a first-come, first-served basis. Additionally, expedited services are available for a fee through its Companies Registration Portal (CRP).
As part of its ongoing reforms, the CAC is progressing towards the full integration of AI into its registration system, aligning with global best practices. "The Commission has completed arrangements to deploy Artificial Intelligence to drive the entire registration process," the agency announced, highlighting its commitment to improving efficiency and reducing the potential for human error.
The introduction of AI is expected to streamline the application process, making it quicker and more transparent for businesses and entrepreneurs seeking registration services. With this technological advancement, the CAC aims to restore public confidence and eliminate any perceptions of bias or unfair treatment in its operations.
As the CAC moves forward with these initiatives, stakeholders expect that the incorporation of AI will not only enhance the integrity of the registration process but also position the agency as a leader in adopting technology-driven solutions within the public sector.
Play audio
Comments
Add your comment
Categories
Startup Raises
255
Feature
78
Fintech
33
Fresh News
665
How To
76
Acquisition
36
Reports
18
Opinion
43
Recent Posts
How to Use Customer Feedback to Drive Product Innovation
In today’s competitive marketplace, listening to c...
How Embedded Finance Is Changing Customer Expectations of Digital Banks
Embedded finance is transforming the way consumers...
The Importance of Agile Methodologies for Startup Success
In today’s fast-paced business landscape, where...
AI Will Power the Next Wave of Financial Inclusion, Says SANEF’s Uche Uzoebo
As progress continues in enhancing financial inc...
Meta Rolls Out New Facebook Measures to Suppress Spam and Support Real Creators
Meta has announced a series of new measures aime...
Related Post
Logidoo Opens Global Trade Channels for African Businesses with Groupage Shipping
Logidoo, the pan-African logistics platform, has announced an important pivot to...
Lagos Turns Up for PUBG MOBILE Community Event with 1,000+ Attendees
On March 28, 2025, Lagos transformed into the ultimate gaming destination as PUB...
From Waste to Worth: LG Inspires Eco-Action with Hinckley Recycling Partnership
In a commendable initiative coinciding with Earth Day 2025, LG Electronics has...
No comments