Corporate Affairs Commission (CAC) has said that the payment of the revalidation for customers is one-off.

The Commission made this disclosure on Friday, via its Twitter handle. 

The Commission also stated that the accreditation is not renewable annually. 

DEAR ESTEEMED CUSTOMERS, PLEASE BE INFORMED THAT PAYMENT FOR RE-VALIDATION OF ACCREDITATION IS ONE-OFF. AND ACCREDITATION IS NOT RENEWABLE ANNUALLY.

FURTHERMORE, THE TIMELINE FOR RE-VALIDATION OF ACCREDITATION HAS BEEN EXTENDED TO JUNE,10 2021.

— CORPORATE AFFAIRS COMMISSION (@CACNIGERIA1) MARCH 12, 2021

The message further reads:

“The timeline for re-validation of accreditation has been extended to June 10 2021.”

ASKLEGALPALACE recalls that the Corporate Affairs Commission [CAC] on Wednesday made a new directive via its website, that each agent [including legal practitioners] would be required to annually renew their validation in other to further access the portal. The supposed fee for the annual revalidation exercise is currently pegged at Ten Thousand Naira [N10,000] only.

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