The Chairman of the Board of the commission, Barrister Jimoh Ibrahim made the announcement in line with Section 8 of the Company and Allied Matters Act No.1 of 1990 and the due process policy of the Federal Government of Nigeria. The government has also communicated a no objection letter to the independent decision of the Governing Board.
Until his appointment, Alhaji Bello Mahmud was the Director of the Compliance Department of the Commission. As the director of the sensitive department he supervise the enforcement of the provision of the companies and Allied Matters Act 1990 (CAMA) and monitor compliance with the provision in addition to ensuring the filing of statutory returns by companies.
Born on February 24 1954 in Bodinga Local Government Area of Sokoto State, Barrister Bello Mahmud after attending Government College Kaduna for his WASC Certificate between 1967-71, had his legal education at Ahmadu Bello University Zaria starting first with a Diploma-in-Law in 1975, LL.B in June 1978 and called to the Nigerian Bar in July 1979.
Apart from attending several training at home and abroad, his working career too is quite exciting. He started as a State Counsel, Sokoto State Ministry of Justice in 1980 rising to the position of Principal State Counsel before moving to Usman Danfodio University Teaching Hospital, Sokoto as Principal Secretary and Assistant Director (1983-1985).
Mahmud also had working experience in the private sector where he was employed as Company Secretary/Legal Adviser Gamji Bank of Nigeria (1985-1988) which later became International Trust Bank.
It was in 1996 that he was first given political appointment as Attorney General and Commissioner for Justice Sokoto State from 1996 to May 1999.
Barrister Mahmud who had active legal practice between 1988 to July 2001, except when he served as Attorney General and Commissioner for Justice, he was also member of the defunct Constituent Assembly 1988-89, Chairman Nigerian Bar Association, Sokoto state 1989-90 and Member Sokoto State Scholarship Board, Director Sakkwato Savings and Loans Limited.
Barrister Bello Mahmud is happily married with children.
With his new appointment, Mahmud would ensure the Commission meets its statutory responsibility which mandates it to regulate and supervise the formation, incorporation, management and winding up of companies and to establish and maintain companies registry and offices in all the states of the Federation. The agency is in addition saddled with the responsibility of arranging and conducting an investigation into the affairs of any company where the interests of the shareholders and the public so demand.
The Commission was established by the Companies and Allied Matters Act, which was promulgated in 1990 to regulate the formation and management of companies in Nigeria. Its establishment as an autonomous body was as a result of the perceived inefficiency and ineffectiveness of the erstwhile Company Registry, a department within the Federal Ministry of Commerce and Tourism which was then responsible for the registration and administration of the repealed Companies Act of 1968. The Commission also registers Business Names and Incorporated Trustees as well as provides a wide range of ancillary services.