The Corporate Affairs Commission (CAC) says it has started registration of private schools as limited liability companies as opposed to business entities in a bid to ensure continuity.
Abdulkadir Modibbo, Head of CAC zonal office in Kaduna, revealed this on Thursday at a two-day consultative meeting to draft policies and regulations to guide the operations of private schools.
The meeting was organised by PLANE, a seven-year education programme funded by the UK Foreign, Commonwealth, and Development Office (FCDO) to drive a more inclusive and effective education system in Nigeria.
Mr. Modibbo argued that the new development which began in March 2022 proved that private schools were a corporate body capable of contracting businesses and could sue and be sued to court.
He further stated that schools issued certificates in their names, not as a business, and insisted that registering schools as a limited liability company would ensure the continuity of a school in the event the owner dies.
Meanwhile, Ja’afaru Riyoji, chairman of the National Association of Proprietors of Private Schools, Kaduna chapter, expressed worry over the idea, saying that this development could pose a challenge for private schools as they fall within small-scale businesses.
The chairman then asked what would be the fate of schools already registered as a business, and in response, Mr. Modibbo explained that CAC had yet to make a decision on schools already registered with a business name.
