The Corporate Affairs Commission (CAC) has implored social media content creators, Instagram users, and TikTok users with large followers to register their businesses with the commission in accordance with the Company and Allied Matters Act 2020.

This followed insinuation that the Federal Inland Revenue Services (FIRS) plans to onboard media content and influencers into its tax system.

The Registrar General, CAC, Hussaini Magaji, made the call on Tuesday, when he was paid a courtesy visit by the Managing Director, Opay, Dauda Gotring, and his team in Abuja.

The visit from the Opay team was to ensure the regularisation of 300,000 agents and merchants with the commission. This will expand the tax net, encourage businesses, and create more jobs for Nigerians.

The CAC boss stated that social media and content creators are generating a lot of money without paying any form of tax to the Federal Government. Magaji said, “Ignorance of the law is not an excuse.

It is stated in the Company and Allied Matters 2020 that for any business to take place in Nigeria, whether you are doing business with your name or another name, you must surrender your business for registration.