BUSINESS DAY
The Corporate Affairs Commission has asked content creators to register their names or businesses as mandated by the Company and Allied Matters Act 2020.
It noted that attendant penalties will soon be meted out to offenders of the law. The Registrar General, CAC, Hussaini Magaji, said this on Tuesday when the Managing Director, Opay, Dauda Gotring, and his team paid him a courtesy visit in Abuja.
According to Magaji, ignorance of the law is not an excuse. He declared, “It is stated in the Company and Allied Matters Act, 2020 that for any business to take place in Nigeria, whether you are doing business with your name or another name, you must surrender your business for registration.
“If you are a content creator on the Internet and you have a large followership, and you are gaining or making money from it, you must register, and that’s the provision of the law. And we are all out to enforce the provision of the law.”
The CAC boss also stated these businesses and individuals would be protected when their names are used illegally after registering. He added that the commission has different classes of registration to cater to the specific needs of content creators and others.
