‘Corruption Order Of The Day In Corporate Affairs Commission’
Corruption and impunity are the prevailing state of affairs under the current management of the Corporate Affairs Commission (CAC), a source privy to dealings in the commission has told The Whistler.
The CAC, which is the autonomous body charged with the responsibility of incorporating companies in Nigeria, is today said to be saddled with alleged rot.
The source told our correspondent that when compared in terms of alleged corrupt system, the CAC is “the next big thing after NNPC”.
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“Corporate Affairs Commission(CAC), is the next big thing after NNPC but corrupt practices have infested CAC over the years that a serious surgery is needed to cut off this cancer and reposition CAC as a global player that will showcase Nigeria as the ultimate business destination in Africa.
“The brazen and arrogant manner the Management of CAC has been ruining CAC with impunity, should worry any patriotic Nigerian interested in Nigeria being a “big daddy” with examples to show to other African countries. Nigeria must fulfill its role to other African countries and she cannot do this if her institutions are not operating in the best global standards.
“The administration of President Buhari, has consistently sort means of diversifying the economy and encourage job creation. These laudable objectives cannot be achieved if CAC is not sanitized and a management team that can think outside the box put in place. All members of the Management team of CAC are part of the team that had done same things in the same way and have not secured the required reform that will birth a robust economy and check the impunity with which some companies operate in Nigeria,” said the source.
