The Corporate Affairs Commission (CAC) has launched a fresh compliance exercise that could see about 100,000 companies removed from Nigeria’s companies register for failing to meet statutory filing requirements.
In a public notice issued on Thursday, the commission said the exercise is being carried out under Section 692(3) and (4) of the Companies and Allied Matters Act (CAMA), 2020.
According to the CAC, the affected companies have 90 days to regularise their records by filing all outstanding annual returns and submitting information on Persons with Significant Control (PSC), also known as beneficial ownership information.
The commission said the list of affected companies has been published on its official website, while firms that comply with the directive are required to submit proof of compliance through the designated CAC email address.
It warned that companies that fail to meet the deadline will be struck off the register without further notice.
The CAC said the exercise is part of its ongoing efforts to remove inactive and non-compliant companies from the corporate register, improve transparency and strengthen investor confidence in Nigeria’s business environment.
This is the latest in a series of enforcement actions by the commission. In February 2026, the CAC announced plans to delist another 100,000 companies over non-compliance, while in 2025 it disclosed that more than 400,000 companies had been deregistered for prolonged inactivity or failure to meet statutory obligations.
Under the Companies and Allied Matters Act, all registered companies are required to file annual returns to confirm they remain operational and compliant with regulatory requirements.
The commission noted that the requirement to disclose beneficial ownership information is also part of Nigeria’s broader efforts to enhance corporate transparency, combat money laundering and align with international reporting standards.
