The Corporate Affairs Commission (CAC) has commenced the process of removing no fewer than 100,000 companies from Nigeria’s official register over their failure to file annual returns and other mandatory statutory documents, in line with the provisions of the Companies and Allied Matters Act (CAMA), 2020. The move, tagged Batch 6, is part of the Commission’s ongoing efforts to strengthen corporate compliance and maintain an up-to-date register of active companies.
Key Highlights
CAC to Delist 100,000 Companies for failing to file annual returns and other statutory documents.
The exercise is being conducted under Section 692 (3) and (4) of CAMA 2020.
Affected companies have 90 days to regularise their records.
Companies must also update their Persons with Significant Control (PSC)/Beneficial Ownership information.
Names of affected companies have been published on the CAC official website.
Non-compliant companies will be struck off the register without further notice.
In a public notice issued on Wednesday, the Commission said the exercise was aimed at ensuring compliance with statutory obligations and promoting transparency in Nigeria’s corporate environment.
According to the notice signed by the Commission’s management, the names of the affected companies have already been published on the CAC’s official website to enable businesses to verify their status and take immediate corrective action.
“This is to notify the general public and esteemed customers that the Corporate Affairs Commission has commenced another round of striking off names of companies from the register pursuant to the provisions of Section 692 (3) and (4) of the Companies and Allied Matters Act, 2020,” the notice stated.
## CAC to Delist 100,000 Companies Unless Records Are Updated
The Commission advised all affected companies to immediately file all outstanding annual returns and update their Persons with Significant Control (PSC), also referred to as Beneficial Ownership information, within the stipulated 90-day period.
According to the Commission:
“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 regularise their records within ninety (90) days of this notice.”
The CAC further instructed companies that complete the compliance process to forward evidence of their filings to its designated email address, struckoffcompanies@cac.gov.ng, for verification.
Failure to Comply Will Lead to Delisting
The Commission warned that companies that fail to comply within the deadline will be struck off Nigeria’s corporate register without any additional notice.
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“Please note that companies that fail to comply within the stipulated timeline shall be struck off the register without further notice,” the notice added.
## CAC Intensifies Corporate Compliance Drive
The latest enforcement action forms part of the Commission’s broader strategy to strengthen regulatory compliance, eliminate inactive companies from its records, and improve the credibility of Nigeria’s corporate registry.
The Commission reaffirmed its commitment to delivering efficient, transparent and customer-focused services while ensuring strict adherence to the provisions of the Companies and Allied Matters Act (CAMA), 2020.
Businesses affected by the exercise are therefore advised to act promptly to avoid losing their legal status as registered entities in Nigeria.
