Passing Rave Compliance

#1

My brand deals mostly with SMEs/Emerging businesses.
It was hard enough that I had to make all my clients get CAC certificate, (Even a small trader who just wanted to go online, I had to make her get.)
Now for going live on your platform I see the following:

  • CAC CERTIFICATE & FORM C02
  • MEMORANDUM AND ARTICLES OF ASSOCIATION & C07
  • DIRECTOR’S IDENTIFICATION DOCUMENT
  • OPERATING LICENSE DOCUMENT (It’s not compulsory so it’s fine)
    Honestly, I myself DO NOT know those documents from Number 2 to 4.
    They look like documents the bank requested from me when i opened a corporate account months ago and I remembered telling them I don’t have those documents and it still got opened (GTBank).
    Now my MAIN question aside not knowing what those documents are is: What do we do in a case like this?
    Most of my clients don’t have those documents (Even we personally don’t have them). And they are marked as compulsory.
    Most have only CAC CERTIFICATE and a corporate account with the same name.
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#2

what is your company’s name?
2. Are you a limited liability or business name?
The truth is that business name requires certificate, and ID card. There’s usually a form usually given to these businesses from CAC.
We require these documents to ensure that we deal with only legitimate businesses.
I would paint a scenario here:
If I register a company on a platform with correct company name and stolen certificate how can that be verified?
We request form C02 & C07 basically for the reason stated above.
C07 is particulars of director(s) i.e. Valid means of ID
C02 is allotment of shares.

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