CAC Reforming Operations to Global Best Practices

By Adedapo Adesanya

The Registrar General of the Corporate Affairs Commission (CAC), Mr Garba Abubakar, has said the organisation was vigorously reforming its operations in accordance with global best practices.

Mr Abubakar said this in Kaduna while declaring open the agency’s 2021 management retreat themed Digital Economy: The Role of Corporate Affairs Commission.

In a statement issued on Saturday by the CAC’s Head Media Unit, Mr Rasheed Mahe, further disclosed that the deployment of Limited Partnership (LP) and Limited Liability Partnership (LLP) was nearing completion.

The commission’s chief, however, assured that efforts would be made to sustain the digitisation efforts for better service delivery and sourcing of more revenue for the government.

On the issue of revenue, the Registrar General said last year, more than N3 billion operating surplus was paid into the federation account, adding that over N5 billion inherited liabilities, amongst others, were settled in the period.

He, however, expressed regret that the commission had, prior to his assumption of office, been spending more than 101 per cent of its revenue on staff cost alone.

Mr Abubakar, therefore, pledged to continue to prioritise the training and retraining of staff, adding that promotion examination and training of more than 400 staffers would soon be carried out.

He charged staffers of the commission yet to be vaccinated against COVID-19 to voluntarily submit themselves for innoculation.

Mr Abubakar pledged that his administration would remain focused on working assiduously for the further growth of the commission.

On his part, Mr Olayemi Oyeniyi, the agency’s Director of Human Resources, who delivered a speech at the event, said the organisation would migrate from the use of Annual Performance Evaluation Review (APER) to Key Performance Indicators (KPI).

Mr Oyeniyi, who described the APER system as subjective and obsolete, revealed that the KPI method was structured into parts A, B, and C, consisting of assessment for the year under review and the upcoming year, amongst others.

He explained that digitisation was of crucial importance to data processing, storage and transmission because it “allows information of all kinds in all formats to be carried with the same efficiency and also intermingled.”