CAC Gives 100,000 Nigerian Companies 90 Days to Avoid Delisting: Here’s What You Need to Do
The Corporate Affairs Commission (CAC) has announced that about 100,000 companies’ risk being removed from Nigeria’s official companies register for failing to meet their statutory obligations.
According to the commission, affected businesses have 90 days to update their records or face delisting under Section 692(3) and (4) of the Companies and Allied Matters Act (CAMA) 2020.
“Keeping your company compliant is not just a legal requirement—it protects your business and keeps it eligible for contracts, funding, and investment opportunities.”
Who Is Affected?
The enforcement applies to companies that have failed to:
- File outstanding Annual Returns.
- Submit Persons with Significant Control (PSC) or Beneficial Ownership information.
The full list of affected companies is available on the CAC website.
What You Should Do
If your company is listed:
1. Check Your Status
Visit the CAC website to confirm whether your business is affected.
2. File Outstanding Annual Returns
Submit all overdue Annual Returns and pay any applicable late filing penalties.
3. Update Beneficial Ownership Information
Provide details of Persons with Significant Control (PSC) as required by law.
4. Submit Proof of Compliance
After completing the filings, send evidence of compliance to the designated CAC email address provided in the official notice.
Why This Matters
A company that is struck off the CAC register may lose its legal standing, making it difficult to operate, access funding, bid for contracts, or conduct official business.
The CAC says the exercise is aimed at improving corporate transparency, strengthening investor confidence, and ensuring Nigeria maintains an accurate and credible business register.
Helpful Links
- Corporate Affairs Commission (CAC): https://www.cac.gov.ng
- CAC Public Search Portal: https://search.cac.gov.ng
- Companies and Allied Matters Act (CAMA) 2020: https://placng.org/i/wp-content/uploads/2021/02/Companies-and-Allied-Matters-Act-2020.pdf
If you own a registered company in Nigeria, don’t ignore this notice. Take immediate steps to verify your company’s status, complete all required filings, and remain compliant before the 90-day deadline to avoid losing your business registration.
