Nigeria's CAC Targets 100,000 Companies for Deregistration Over Non-Compliance

The Corporate Affairs Commission (CAC) in Nigeria has initiated its sixth major strike-off exercise, targeting 100,000 companies for potential deregistration. This action stems from the companies' failure to meet statutory filing obligations, a critical requirement for maintaining their legal status in Nigeria's register of incorporated entities.

This latest round of deregistration follows a significant effort in February 2025, when the CAC removed more than 400,000 companies from the register. The commission stated that these actions are part of a broader initiative to sanitize the official companies register and uphold its credibility.

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The affected One Hundred Thousand (100,000) companies can be accessed at the Commission’s website.

The public notice issued by the CAC specifies that the 100,000 affected companies, whose names have been published on the commission's website, are at risk of being struck off. These companies are directed to file all outstanding annual returns, including details on Persons with Significant Control (PSC) or Beneficial Ownership, and update their records within 90 days of the notice.

Failure to comply within the stipulated timeframe will result in the companies being removed from the register without further warning. The CAC emphasized that this exercise is a core part of its regulatory mandate to ensure the accuracy and currency of the companies operating within Nigeria.

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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.