Registrar-general, Corporate Affairs Commission (CAC), Alhaji Garba Abubakar, has pledged to promote transparency and fight corruption in the country through the introduction of the Beneficial Ownership Register (BOR).

Abubakar, at a training workshop on the use of BOR, said the platform would be beneficial in strengthening the government’s fight against graft and ensure transparency 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, is where records of PSC collated by CAC are stored and accessible to the general public and for government use. This platform offers a search function and information on PSC in accordance with the international standard of Beneficiary Ownership Data Standards (BODS) under the guidance of the World Bank.

“Providing an Enterprise Service Bus (ESB) gateway for data exchange in accordance with BODS in the required format, the BOR portal will enable users find the PSC of any entity, when a search is initiated with any of the following parameters: entity’s name, entity’s number, PSC first name or PSC surname,” he explained.

The CAC boss further said the platform would provide a simple, precise and user-friendly environment for the search and provision of information on PSC.

He added that the CAC has a Customer Relationship Management (CRM) system in line with global best practices.

Abubakar said: “The CRM is expected to upscale the commission’s customer service by allowing customers to lodge and resolve complaints in record time.”