The Corporate Affairs Commission (CAC) plans to deploy Artificial Intelligence (AI) in its operations to enhance transparency and eliminate human interference.
The planned switch to AI followed allegations on social media that some applications are being fast-tracked unfairly by CAC.
The CAC acknowledges the complaints and assured the public that investigations are underway to identify and penalise any officers found breaching its guidelines. “The Commission does not take the allegations lightly and is therefore investigating them with a view to dealing decisively with anyone involved in flouting its set guidelines and standard operating procedures,” the agency states in a statement seen by Technology Times.
As part of its reforms, the CAC plans to fully integrate AI into its registration process, aligning with global best practices. “The Commission has completed arrangements to deploy Artificial Intelligence to drive the entire registration process,” the agency says.
CAC deploying AI ‘to drive entire registration process’
CAC has asked members of the public to submit any evidence of misconduct to ensure erring officers are held accountable. “Esteemed customers and the public are enjoined to submit any incriminating evidence against any erring officer, no matter their position, for appropriate disciplinary action,” the agency says.
Emphasising fairness in its operations, the CAC states that all applications are processed on a first-come, first-served basis, with expedited services available for a fee through its Companies Registration Portal (CRP).
As part of its reforms, the CAC plans to fully integrate AI into its registration process, aligning with global best practices. “The Commission has completed arrangements to deploy Artificial Intelligence to drive the entire registration process,” the agency says.
CAC reassures stakeholders of its commitment to prompt, efficient, and transparent service delivery, urging the public to remain vigilant and report irregularities.
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