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CAC Boss Calls For Synergy Among Tax Authorities to Boost Govt. Revenue, Reduce Corruption

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By Biola Lawal

Abuja:  Alhaji Garba Abubakar, the Registrar General of the Corporate Affairs Commission (CAC), has called for effective collaboration among tax authorities, especially with the joint tax board to boost government revenue and curb corruption.

Alhaji Garba Abubakar, who was speaking at a Multi- Stakeholder Consultation on Nigeria’s Beneficial Ownership Register in Abuja, noted that operations of the tax authorities had huge potential to boost Government revenue.as well as reduce corruption in the society .

The Registrar General recalled that the beneficial ownership idea was conceived fifteen years ago after the 911 attack in the US with a view to unraveling the financiers of terrorism and other related crimes .

He therefore, noted with delight the signing of CAMA,2020 into law thereby giving impetus to the concept of beneficial ownership in Nigeria.

Garba Abubakar used the forum to applaud the contribution of stakeholders towards making it a reality.

Speaking at the event, Dr.Tayo Aduloju COO, NESG/ Non-State Actors Co-chair stressed that Open Government Partnership Nigeria was aimed at eradicating systemic corruption in the society.

Tayo Adolujo commended the Registrar General of the CAC Alhaji Garba Abubakar for what he called his commitment towards instituting the Beneficial Ownership Register.

The Executive Secretary Civil Society Legislative Advocacy Center (CISLAC) Auwal Ramsanjani stated that the Beneficial Ownership Disclosure had huge potential in ensuring sanity in the system.

Auwal Rafsanjani also used the forum to applaud the unwavering commitment of the CAC Scribe Alhaji Garba Abubakar towards actualizing the beneficial ownership register.

Also speaking the CEO, Open Government Partnership (OGP), Sanjay Pradhan described as user friendly, the Beneficial Ownership Register currently implemented by the CAC.

Dr. Gloria Ahmed, the National Coordinator OGP, in her remark at the event said the CAC’s Beneficial Ownership Register was a wonderful initiative that would immeasurably aid the present Administration’s fight against corruption and therefore commended the Commision for the giant stride.

CAC News reports that officials from the Economic and Financial Crimes Commision (EFCC), Independent Corrupt Practices Commision (ICPC ), Nigeria Extractive Industries Transparency Initiative (NEITI) among other stakeholders graced the event.

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There was a Practical display on how to conduct online search on the Beneficial Ownership Register (BOR) displayed on the CAC portal. (Flowerbudnews)