A company that is registered with the CAC demonstrates its reliability and legitimacy.
In Nigeria, it is important to verify the registration status of a company before doing business with it.
You should keep in mind that there are many unregistered companies operating in Nigeria, and some of these companies may be fraudulent.
The Corporate Affairs Commission (CAC) is the government agency responsible for registering and regulating companies in Nigeria.
CAC maintains a public register of all registered companies in Nigeria.
This means that anyone can verify the registration status of a company by searching the CAC public register.
How to Search the CAC Public Register
To search the CAC public register, you can visit the CAC website or any CAC office. You will need to provide the company name or registration number (RC number) to search the register.
If the company is registered with CAC, the search results will display the following information:
- Company name
- RC number
- Registered address
- Date of incorporation
- Company type
- Directors’ names
If the company is not registered with CAC, the search results will display a message indicating that the company does not exist in the CAC register.
Other Ways to Verify the Registration Status of a Company
In addition to searching the CAC public register, there are a few other ways to verify the registration status of a company:
Ask for a copy of the company’s certificate of incorporation: The certificate of incorporation is a document issued by CAC to all registered companies in Nigeria. It is a legal document that proves that the company is registered with CAC.
Check with the company’s bank: Most banks in Nigeria require companies to provide their RC number when opening a bank account. You can contact the company’s bank to verify that the company has a valid bank account.
Check with the company’s professional body: If the company is a professional body, such as a law firm or accounting firm, you can check with the company’s professional body to verify that the company is registered.
Why It Is Important to Verify the Registration Status of a Company
There are several reasons why it is important to verify the registration status of a company before doing business with it:
To avoid doing business with a fraudulent company
To ensure that the company is legally authorized to do business in Nigeria
To protect yourself from legal liability
To ensure that the company is in good standing with CAC