Metro
CAC Moves to Strike Off 100,000 Companies Over Non-Compliance
The Corporate Affairs Commission (CAC) has commenced another round of removing inactive and non-compliant companies from Nigeria’s register of incorporated businesses, targeting 100,000 companies in the latest exercise. The commission, in a public notice issued on Wednesday, July 15 said the action is being carried out in accordance with Sections……
The Corporate Affairs Commission (CAC) has commenced another round of removing inactive and non-compliant companies from Nigeria’s register of incorporated businesses, targeting 100,000 companies in the latest exercise.
The commission, in a public notice issued on Wednesday, July 15 said the action is being carried out in accordance with Sections 692 (3) and (4) of the Companies and Allied Matters Act (CAMA), 2020.
According to the notice, the list of the affected companies has been published on the commission’s official website, while the affected entities have been given 90 days to regularise their status or risk being struck off the register.
READ ALSO: CAC To Begin Sanctions Over Non-Compliant Company Business Letters August 1
The CAC directed the affected companies to file all outstanding Annual Returns, including Persons with Significant Control (PSC) and Beneficial Ownership information, within the stipulated period.
“The affected companies are hereby advised to take steps to file all outstanding Annual Returns (and by extension Persons with Significant Control/Beneficial Ownership information) and regularize their records within ninety (90) days of this notice,” the commission said.
It added that evidence of compliance should be forwarded to the commission through its designated email address for struck-off companies.
The commission warned that companies that fail to meet the deadline would be removed from the register without any further notification.
“Please note that companies that fail to comply within the stipulated timeline shall be struck off the Register without further notice,” the statement added.
The CAC also reaffirmed its commitment to improving service delivery, saying, “The Commission remains committed to providing prompt and efficient services to the satisfaction of our valued customers.”
2027: ‘Peter Obi’s Logic Is Short-Term Turnover Unlike Tinubu Who Thinks Of Next Generation’ – Oshiomhole
‘He’s closest to Lionel Messi’ – Rashford names player to win more Ballons d’Or than Cristiano Ronaldo
Power Outage: Tegbe assures Nigerians of swift restoration as electricity disruptions hit Lagos, Abuja
“Every Item Has Been Recovered” — Viral CCTV Helps Trace Lagos Photographer’s Stolen Equipment As Wedding Files Remain At Risk
“Leadership Must Emerge Through Lawful Process, Not Imposition” — Bala Gombe Commends Justice Lifu Over ADC Judgment
Jesus de Miguel’s death: ‘He’d never intentionally hurt anyone’ – Owono’s team-mate defends goalkeeper
US travel ban on Supreme Court Justices based on misinterpreted judgment – Retiring Justice Aji clarifies
Oyedepo, Adeboye own private jets, universities because Obasanjo allocated oil wells to them – Madugba
That’s How A Statesman Should Behave – Keyamo Praises Atiku For Not Disobeying Court Order Sacking Him As ADC Presidential Candidate
“We Will Resist Every Attempt To Turn Nigeria Into A One-Party State” — Atiku Rejects ADC Judgment, Vows To Stay In Presidential Race
EPL: Jamie Redknapp names Arsenal’s biggest title rivals after Man City defeat
WWE Crown Jewel results: Oba Femi helps Penta, Je’Von Evans win Tag Team Gold
What happened between Wike and Fubara at Tinubu’s Rivers rally
2026 U-17 WWC: Flamingos’ Umejiaku wins Golden Ball award
EPL: Why Man City lost 3-1 to Nottingham Forest – Maresca
EPL: Arsenal equal record after 1-0 victory over Hull City
Yobe IPAC crisis deepens as sacked chairman, secretary reject impeachment
Flamingos conquer Japan to win historic first U-17 Women’s World Cup title
2026 U-17 WWC: Ajibade hails Flamingos after historic triumph
EPL: They trust him – Walcott names Arsenal player who really impresses him
Metro7 days ago“They Beat Me Like A Criminal” — Sowore Recounts Ekiti Attack As Govt Denies Involvement, Calls For Police Investigation
- Viral6 days ago
FLUTTERWAVE’S CYPRUS EXIT: BANK OF CYPRUS OBJECTION TRIGGERS TOTAL WRITE-OFF OF 100% SUBSIDIARY, AUDITED ACCOUNTS REVEAL
- Metro5 days ago
“Nigeria Cannot Afford To Fail In 2027” — UNOWAS Urges Peaceful Elections As NHRC Warns Against Electoral Offences
- Metro6 days ago
“Effective Dispute Resolution Begins Before Disputes Arise” — CIArb Nigeria Corporate Counsel Group Holds Abuja, Lagos Dialogues
- Metro6 days ago
“INEC’s Internal Review Is Not Enough” — SERAP Asks Tinubu To Order Independent Probe Of AI-Generated Photos In Voter Register
- Politics6 days ago
Imo People Gathered At A Street Named After Ganduje, Insisting That It Must Be Renamed – Uzodinma’s Aide
- Special Report5 days ago
Cocaine: KC Luxury asks judge to withdraw from his trial over missing affidavit – The Witness Nigeria
- Headlines6 days ago
Trump made right decision to designate Nigeria Country of Particular Concern – US congressman Riley Moore
