The Corporate Affairs Commission (CAC) and the Central Bank of Nigeria (CBN) have agreed to strengthen their collaboration in the exercise of compliance and regulatory functions among MDAs.
This indication was given today during a courtesy call on the Registrar-General/CEO of the Corporate Affairs Commission, Hussaini Ishaq Magaji, SAN, in Abuja by a team from the Central Bank of Nigeria.
Led by Director Legal, Mr. Kofo Salam-Alade, the team underscores the Commission’s contribution to the country’s economy, particularly compliance, enforcement, and regulatory duties.
The CBN team included Mrs. Omotunde Oke (Principal Legal Officer), Abubakar Gajam (Senior Manager), and Onokevbagbe (Legal Officer), while the CAC team has Mr. Justine Ndiaye, Director (Compliance), Mr. Moses Adaguusu, Director (Training School), Mr. Ayua Terver Jor (SA to RG), and Mr. Tolulope Sonaike (Deputy Director Compliance), amongst others.
Speaking, Mr Kofo stressed that the visit was aimed at, amongst others, ensuring synergy among regulatory lawyers across MDAs.
He added that it would also encourage peer learning, open communication, and enhance career growth and development among regulatory lawyers.
Responding, the Registrar-General/CEO of the Corporate Affairs Commission, Hussaini Ishaq Magaji, SAN, expressed his support for the initiative.
He therefore proposed the inclusion of regulation, enforcement, and compliance as a course of study in the country’s higher institutions.
Hussaini Ishaq Magaji stressed that several emerging business trends require proper regulation and compliance.
According to him, the collaboration will help to strengthen Agent Banking and the Beneficial Ownership Register, among others.