Dear Sidra Team,
I wish to raise an important concern regarding the KYB approval process in Nigeria, particularly as it affects older certified companies like mine.
In Nigeria, many companies registered before 2020 had their Articles and Memorandum of Association signed with stamp and pen before incorporation. Naturally, the signing dates on these documents may differ from the incorporation date. These documents are valid under Nigerian law and recognized by the Corporate Affairs Commission (CAC).
However, it seems the Sidra KYB AI filter is unable to interpret and validate such cases. As a result, older legitimate companies are often rejected, while newer companies registered in a single day under CAC’s new AI-driven system are being approved without issue because their documents are fully digital with matching dates.
This is creating an imbalance and unfairness:
Many long-established, trustworthy companies are left out due to document date mismatches.
In Adamawa State, we currently have only one KYB Partner (ZAHHED INVESTMENT CO.), while some states like Kaduna have seven KYB Partners approved.
My request/suggestion:
Sidra Club should manually review KYB applications from companies that are over 1 year old. This will ensure fairness, recognize genuine older businesses, and help balance partner distribution across states.
Approving more partners in underserved states like Adamawa will expand service coverage, reduce bottlenecks, and align with Sidra’s mission of inclusion and accessibility.
I kindly urge the Sidra team to reconsider their approach and ensure both new and older certified companies are given equal opportunity in the KYB partnership process.
Thank you for your time and commitment to fairness.
Anas Mohammed Garba
anasmohammedgarba@gmail.com
08103381656,
CEO, Global City System Limited
Adamawa State, Nigeria.
