The Corporate Affairs Commission (CAC) has launched a fresh compliance exercise that could see as many as 100,000 companies removed from Nigeria’s official register for failing to meet statutory filing obligations.
In a public notice issued on Wednesday and signed by its management, the Commission said the affected companies had defaulted in filing annual returns and other mandatory corporate documents required under the law.
The exercise, designated Batch 6, is being undertaken in line with Section 692 (3) and (4) of the Companies and Allied Matters Act (CAMA), 2020.
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According to the Commission, the names of all affected companies have been published on its official website for public access.
The notice stated: “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)
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