The Corporate Affairs Commission (CAC) has threatened to 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 move forms part of the Commission’s broader effort to sanitise Nigeria’s corporate registry and ensure that only active and compliant entities remain in the system.
It 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 the Commission said 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 (PSC).
The CAC has given a 90-day window from the date of publication for these companies to regularise their status.