The Corporate Affairs Commission (CAC) has said that it would delist 100,000 companies from its register over prolonged inactivity and non-compliance with statutory requirements under the Companies and Allied Matters Act (CAMA).
The commission explained that the move forms part of its broader effort to sanitise Nigeria’s corporate registry and ensure that only active and compliant entities remain in the system.
It said that the strategy also aligns with ongoing efforts to enhance transparency in company ownership and governance in line with anti-money laundering standards.
A public notice issued by CAC stated that the affected companies have been identified as either not carrying on business, inactive for at least 10 years, or failing to meet regulatory obligations, particularly the annual filing of returns and disclosure of Persons with Significant Control.
The commission had given a 90-day window from the date of publication for these companies to regularise their status.
However, to avoid being struck off, affected companies must promptly file all outstanding annual returns and send activation emails to activation@cac.gov.ng where applicable.
‘It shall be unlawful for any company struck off the Register of Companies to continue carrying on business unless it is restored by an order of the Federal High Court’, the notice emphasised, reminding the public of a similar notice in July last year, where it delisted several companies in November.
