The Corporate Affairs Commission (CAC) has announced its decision to delist over 100,000 companies from its register due to prolonged inactivity and failure to comply with statutory requirements under the Companies and Allied Matters Act (CAMA) 2020.
According to the Commission, the affected companies have 90 days from the date of publication to regularise their status or risk being struck off permanently. The full list of companies slated for delisting has been made publicly available.
To avoid being removed from the official register, the CAC urged the affected businesses to promptly file all outstanding annual returns and, where applicable, send activation emails to [email protected].
In an official statement, the Commission warned, “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.”
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The notice follows a similar directive issued by the CAC in July 2023, which led to the delisting of several companies in November 2024.
The Commission cited Section 692(4) of CAMA 2020 as the legal basis for this action, granting it the power to strike off any company that fails to submit annual returns for a period of 10 years or more. Companies removed from the register are deemed dissolved from the date of publication.
The CAC stressed that any transactions conducted with delisted companies are considered illegal. “It is illegal to enter into any transaction or deal with a company that has been dissolved,” the Commission stated.
Annual returns are a mandatory filing requirement for all registered companies in Nigeria. For incorporated companies, the return must be filed within 42 days after each anniversary of incorporation. Business names must submit their annual return before June 30 every year.
Failure to comply attracts late filing penalties in addition to the outstanding fees. Continued non-compliance could ultimately result in deregistration.
