The Corporate Affairs Commission (CAC) has stated that Artificial Intelligence (AI) could be considered soon to perform daily operational tasks such as name reservation and even registration.

Its Registrar-General, Hussaini Ishaq Magaji, made this known at the in House Enforcement and Compliance Training for state offices in Abuja.

According to him, the organogram of the Commission will be dismantled in favour of a new one that will bring more opportunities and align the Commission’s operations with global standards.

He said: “Free time and human resources that could be deployed to perform other tasks requiring some measure of discretion which are usually inappropriate for computers or machines.

"A new organogram has been developed and will be implemented as soon as approval is obtained from appropriate quarters.

“I have also carefully embarked on capacity building not only for present tasks but to prepare and position staff for registry of the future.

"This training is part of wider efforts or consultations aimed at developing new skills for the eminent changes ahead.

“The drive for rigorous Compliance and Enforcement functions commenced with the PoS (point of Sale) Formalization Project under which PoS operators were required to register a minimum of Business Names in line with the requirements of section 863 (1) of CAMA which require prior registration before commencement of business or at most within 28 days of commencement for Business Names.

“Some of the Fintech companies on which platforms the PoS operators do business saw the wisdom and the benefits that could accrue to the businesses themselves and the nation at large while actively collaborating with the Commission on the formalization project. Opay, Palmpay and Moniepointa all deserve specific commendations.”