The Corporate Affairs Commission (CAC) has commenced the process of striking off 100,000 companies from its register over their failure to file annual returns and comply with other statutory obligations as required under the Companies and Allied Matters Act (CAMA), 2020.
The exercise, designated Batch 6, is being carried out in accordance with the provisions of Section 692 (3) and (4) of the Companies and Allied Matters Act, 2020, the Commission said in a public notice issued on Wednesday.
According to the CAC, the affected companies have persistently failed to file outstanding annual returns and other mandatory statutory documents, prompting the regulatory action.
The Commission stated that the full list of the affected companies has been published on its official website for public access.
The notice read in part: “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.”
It added that the affected companies have a 90-day window from the date of the notice to regularise their records by filing all outstanding annual returns, including information on Persons with Significant Control (PSC), also known as beneficial ownership information.
The Commission further directed companies that comply within the stipulated period to forward evidence of compliance to its dedicated email address, struckoffcompanies@cac.gov.ng, to facilitate the review of their status.
The CAC warned that companies that fail to regularise their records within the prescribed period risk being removed from the register in line with the provisions of the law.
Reaffirming its commitment to efficient service delivery, the Commission said it would continue to provide prompt and customer-focused services while ensuring strict compliance with corporate regulatory requirements.
The latest exercise is part of the CAC’s ongoing efforts to sanitise Nigeria’s corporate register by removing inactive and non-compliant entities, thereby promoting transparency and strengthening confidence in the country’s corporate governance framework.
