A private security company is privately owned companies, which provides security services to private organisations and individual who employ their services. The requirements for incorporating a security company in Nigeria include the same requirements to register a private company in Nigeria together with additional documentation requires by the Nigeria Security and Civil Defense Corps (NSCDC)
Procedure For Registering Private Security Companies:
- To commence a private security company in Nigeria, it must first be registered with the Corporate Affairs Commission (CAC).
- The NSCDC is charged with the responsibility of licensing, monitoring and the supervision of private securities companies in Nigeria according to Section 3 of the Nigeria Security and Civil Defense Corp Act No. 2 of 2003.
Requirements For Registering A Security Company In Nigeria
- The proposed name of the private security company (2 names must be submitted)
- The address of the private security company
- The objectives of the private security company.
- Particulars of the 2 directors and shareholders of the company, which include copies of their identification card, which could be National passport/National Identity card/Driver’s license or voters card)
- Phone numbers, email address and residential address of the 2 directors and shareholders.
Requirements for obtaining a permit from NSCDC by a private security company:
- Application for private guard license addressed to the Commandant General
- CTC of Memorandum and Article of Association (2 copies)
- Photocopies of certificates of incorporation (2 copies)
- Payment of prescribed fees
- Tax Clearance Certificate
- Statement of account
- Letter from a legal adviser
- Letter from an auditor
- Proposed training program
- Proposed salary structure
- Veterinary certificate (optional)
- Personal History Statement (PHS) forms at One Hundred Thousand Naira (N100,000) only. All directors must obtain one.
- Credentials of directors (2 copies) to be attached with PHS form.
- Letter from bankers
- Eight (8) passport photographs for each of the Directors
- Eight (8) full photographs (postcard 5 x7 inches) of each of the Directors with a white background, with five fingers print and signature signed at the back of the postcard (photograph) in the presence of Nigeria Security and Civil Defence Corps Officers.
- Photocopy of the signature page of the Directors in the international passport or National ID Card or Driver’s License and this should be stapled at the back cover of the file jacket.,
- PHS form must be adequately filled by the Directors stating Nil or Not Applicable to portions they do not have answers to and no column should be left unfiled.
- Attestation letters from referees for each Directors
- One uniform sample with a photograph of a guard in Uniform (2 copies).
It is worthy of note to state that the Minimum authorised share capital for a private security company or consultant must not be less than N10 Million authorised share capital. Generally, the cost of registering a company with such a share capital with CAC includes filing fees, stamp duty, professional fees of the lawyers or CAC agents engaged for such registration. Obtaining the license from the NSCDC will also include the payment of the official fees and professional fees if an attorney is engaged for such a purpose.
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