Owing to backlash from lawyers, The Corporate Affairs Commission, CAC has canceled the yearly subscription it earlier imposed on Lawyers and other professional agents accredited to it. In its place, the CAC has introduced a one-off accreditation renewal payment. which is still pegged at N10000 for individuals and N50000 for firms.
The CAC had earlier imposed an annually renewable fee of N10000 for individual agents and N50000 for firms, a move which was heavily criticized by Nigerian Lawyers as extortion.
The CAC has also extended the grace period within which agents are required to re-validate their accreditation from 31st March to June 2021.
Credit:barristerng
