The Bureau of Public Procurement (BPP) and the Corporate Affairs Commission (CAC) have reaffirmed their commitment to promoting transparency and accountability in public procurement.
The BPP’s Director-General, Dr. Adebowale A. Adedokun, FCIPS, FCILT, FSM, paid a courtesy visit to CAC’s Registrar, Huseni Ishaq Magaji, SAN, during which both chief executive officers made the commitment.
They discussed ways to enhance collaboration between both agencies, which share common goals, with CAC regulating corporate entities and BPP, ensuring transparency in public sector procurement.
They’ve been working together to promote electronic data exchange, eligibility criteria for public sector projects, and structured corporate governance.
The BPP has made significant strides in digitalising public procurement processes, implementing affirmative procurement policies, and promoting local content.
The agency has generated ₦1.1 trillion in cost savings through price benchmarking and won an arbitration case that saved Nigeria $6.2m.
CAC has maintained a comprehensive register of business entities, ensuring transparency and regulatory compliance.
The commission encouraged BPP to verify company identities and beneficial ownership before awarding contracts.
Dr. Adedokun emphasised that the visit underscored BPP’s commitment to supporting CAC’s ongoing reforms and alignment with President Bola Ahmed Tinubu’s mandate for regulatory bodies to drive the vision of a one trillion-dollar economy.
He stated, “Our engagement recognises the synergy between CAC and BPP in leveraging technology to streamline regulatory processes and foster economic growth.
“Both agencies are committed to promoting integrity, compliance, and excellence, ensuring that Nigerian businesses operate within robust legal and governance frameworks.”
This reflects a continued partnership aimed at modernising institutional operations, strengthening inter-agency collaboration, and supporting national economic development objectives through efficient, transparent and technology-driven practices.
He said the Beneficiary Ownership Scheme focused on accurate identity of real owners of companies through data collection was an initiative that “allows the Bureau of Public Procurement to support and streamline the procurement processes overseen by the Corporate Affairs Commission, hence providing clarity on ownership structures and promoting greater transparency in business operation and compliance.”
Dr. Adedokun reiterated that as part of the ongoing reforms, the BPP had emphasised holding professional bodies accountable to promote good governance,.
In a response, the Registrar of the Corporate Affairs Commission (CAC), Huseni Ishaq, SAN, remarked that the Bureau of Public Procurement (BPP) and CAC shared similar objectives and aimed to achieve common goals.
He stated that the CAC had announced the continued maintenance of its comprehensive register, which contained the official identity information of every registered business entity in Nigeria.
He said it was a centralised database that ensures transparency, facilitates regulatory compliance and supports business operations nationwide.
He said that “CAC remains committed to providing accurate and timely records, strengthening corporate governance, and enhancing public trust in the nation’s business environment.”
He encouraged BPP to verify the identity and owners of companies before the approval and awards of contracts.
e-Signed:
Zira Zakka Nagga
Head of Press and Public Relations (BPP)
March 23, 2026
