CAC Pledges Support To CSOs On Self Regulation

The Corporate Affairs Commission (CAC) has pledged to support Civil Society Organisations (CSOs) in the country in the use of the self-regulation framework.

The Registrar General of CAC, Garba Abubakar, made the pledge on Thursday, during the validation and launch of ‘the model self-regulatory framework for Civil Society Organisation’ organised by the British Council National Technical Committee in Abuja.

Abubakar, who was represented by the Special Assistant to the Registrar General CAC, Terver Ayua, said, the organisation is ready to partner with CSOs to reach the highest level of their purpose.

He said, “CSOs perform important activities that cut across different sectors, as regulators that register these entities, we have always partnered with and we are ready to partner with these CSOs to make sure they achieve their optimum objective.

“If they are going to continue to be relevant to rendering services to the society, we can only do that if we self-regulate or statutory regulate. We promise to give you maximum cooperation to make sure the objective is achieved,” he said.

Chief Executive Officer, Food Basket Foundation International and Co-Chair National Technical Committee, Dr. Funmi Akinyele, in her review on the ‘model self-regulation for CSOs in Nigeria’ explained that self-regulation does not mean doing away with extant laws but, making a tailored law that goes in line with the organisation’s vision.

According to her, “organisation regulated without intervention from external interference, will ensure credibility of civic societies and public trust of accountability. We know we have bad eggs in this circle but that does not mean all are bad”.