CAC to delist 91,843 companies over failure to comply with regulation


The Corporate Affairs Commission is set to delist 91,843 companies for failing to file their annual returns.

In a recent list published on its website, the Commission listed 91,843 companies for delisting.

Accordingly, the figure is 2,738, less than the 94,581 initially published in August.

This is still less than the initial 100,000 companies CAC said it would remove in an earlier announcement.

In July, former Registrar-General and Chief Executive Officer CAC, Garba Abubakar, disclosed that the Commission would delete 100,000 registered companies from its database for failing to file an annual return.

He said, “CAC steps up enforcement of 100,000 companies to go off its register for failure to file an annual return.”

At the time, Abubakar announced that the Commission would send notice of striking off to the affected companies before embarking on the action as enshrined in section 692 of the CAMA, 2020.

“Further to its earlier notice of the commencement of striking off the names of Companies from the Register of Companies and published on August 2, 2023, the Commission hereby notifies the General Public that the list of Companies that have failed to comply with the provisions of the Companies and Allied Matters Act 2020, to file up to date annual returns is now ready for publication by the provisions of Section 692 of the Act.

“Companies who filed complete annual returns in response to the earlier publication are advised to confirm removal from the list of Companies to be struck off. The updated list for publication is available on the Commission’s website”, the Commission stated

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