Pro-Alh. Garba Abubakar Corporate Affairs Commission pulls down online registration activities; Billions of Naira Revenue lost

A Group of Staff said to be loyal to the immediate past Registrar General of the Corporate Affairs Commission, CAC, Alh. Garba Abubakar has allegedly grounded online operations in the agency, making company registration and other corporate registration and payment impossible for weeks now. This has led to loss of revenue by the Federal Government of Nigeria.

LeadingReporters gathered that this move was one of the strategies by the staff loyal to the former RG to bring the current registrar general to a renegotiation table.

A discreet source that spoke to LeadingReporters on condition of anonymity said that this was not the first time a situation like this has happened.

“We experience issues like this each time a new leadership emerges in the agency.  Saboteur staff would always align with their preferred boss and make a mess of the system for an incoming leadership.”

He said the trend began when CAC completed digitalization and online processing of its operations.  He said the then registrar general had a deal with the company that completed the digitalization of the agency’s operations.  He amassed so much money from the project and went ahead and put a structure that would continue to fetch him returns from the project, even after leaving office.

“When the then RG left and a new one was appointed, the then-incoming RG requested a cancellation of the agency’s ” deal ” with the former RC.  All hell was loose.  This situation led to the ICT company unplugging the database and CAC services grounded for weeks, if not months, until a renegotiation was done.

The source said that the problem is all about personal gratification by those who call the shot in the agency and those loyal to them.

“The suspension of CAC online operations is all about who takes what.  It is the fight of the Titans and about their interests.  They want to push the current RG, Hussaini Ishaq Magaji to negotiate with them.  Unfortunately, the staff are the canon fodders. 

Meanwhile the Federal Government has continued to lose revenue because of the internal fight and power play.  Clients’ jobs are taking months to be delivered.

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