Enhanced Online Business Registration System to Launch on March 20. The Online Business Registration System (OBRS) is set to introduce a new and improved platform on March 20, 2025, featuring an advanced watchlist tool designed to enhance transparency and corporate monitoring.
The watchlist is a key addition to the upgraded system, allowing stakeholders to track changes within registered companies. This tool is expected to play a role in addressing challenges such as fronting, money laundering, and other financial irregularities by providing users with timely updates on modifications within business entities.
While the upgraded OBRS enhances transparency, it will maintain strict privacy measures. Sensitive personal details of individuals associated with registered companies will remain protected, ensuring compliance with data protection regulations.
The launch of the improved OBRS aligns with efforts to strengthen corporate governance and enhance the ease of doing business. By enabling better oversight, the new system aims to create a more secure and accountable business environment.
