The Corporate Affairs Commission (CAC) has commenced another round of enforcement against non-compliant companies, placing about 100,000 firms at risk of being struck off Nigeria’s companies register for failing to meet statutory filing obligations.
Announcing the exercise in a public notice signed by its management, the commission said the action was being undertaken under the provisions of Section 692(3) and (4) of the Companies and Allied Matters Act, 2020, adding that affected companies had been given 90 days to regularise their records by filing all outstanding annual returns and submitting information on Persons with Significant Control, also known as beneficial ownership information.
It said the names of the affected companies had already been published on its official website, while firms that comply with the directive are expected to forward evidence of compliance to the Commission through its designated email address.
The CAC warned that companies that fail to meet the deadline would be removed from the register without any further communication.
This is not the first large-scale compliance exercise by the commission. In February this year, the CAC announced plans to strike off another 100,000 companies from its register over prolonged inactivity and failure to comply with the Companies and Allied Matters Act.
The commission also disclosed in 2025 that it deregistered more than 400,000 companies after finding them inactive or persistently in breach of statutory filing requirements.
