BOR platform: Registrar -General assures CAC’s commitment to promote transparency, fight corruption

CAC RG

Victor Ojii

Registrar -General, Corporate Affairs Commission (CAC), Alhaji Garba Abubakar, has restated his office’s commitment to promote transparency and fight corruption in Nigeria through introduction of Beneficial Ownership Register (BOR).

Speaking at a training workshop on the use of Beneficial Ownership Register (BOR) , organised by the commission in Lagos, yesterday, Abubakar, said that the platform would be beneficial in strengthening the government fight against corruption and ensured transparent in the system.

He explained that the platform launched in May this year was to make it easy to search for information on persons with significant control (PSC).

“The portal as an automated platform are where records of PSC collated by CAC are stored and accessible both to the general public and for government use. This platform offers a search function and information on persons with significant control (PSC) in accordance with the international standard of beneficiary ownership data standards (BODS) under the guidance of the World Bank.

“It also provides an Enterprise Service Bus (ESB) gateway for data exchange in accordance with BODS in the required format. The BOR Portal will enable users to find the Person with Significant Control (PSC) of any entity when a search is initiated with either of the following parameters: entity’s name, entity’s number, PSC first name, and PSC surname,” he said.

CAC boss further said , “The BOR will provide a simple, precise, and user-friendly environment for the search and provision of information on persons with significant control (PSC), and it is accessible in real-time.”

He added that the CAC has a customer relationship management system (CRM) in line with global best practices.

“The CRM is expected to upscale the Commission’s customer service by allowing customers to lodge and resolve complaints in record time,” he assured.