The Corporate Affairs Commission (CAC) has started another nationwide compliance exercise aimed at removing inactive and non-compliant companies from Nigeria's official register.

According to the commission, about 100,000 companies have been identified in the sixth batch of firms that may be struck off if they fail to meet their statutory obligations within 90 days.The exercise is being carried out under Sections 692 (3) and (4) of the Companies and Allied Matters Act (CAMA), 2020.

CAC explained that the affected companies have already been published on its official website and are expected to file all outstanding Annual Returns and update their Persons with Significant Control (PSC), also known as Beneficial Ownership, information before the deadline expires.

After completing the required filings, the companies are also expected to send evidence of compliance to the commission through its designated email address.

The commission warned that any company that does not regularise its records within the stipulated period will be removed from the register without any further notice.

CAC said the exercise is part of its ongoing efforts to maintain an accurate and up-to-date register of companies, strengthen corporate governance, and ensure that businesses comply with the legal filing requirements under CAMA 2020.

The commission also reassured businesses that it remains committed to providing efficient regulatory services and encouraged all affected companies to use the compliance window to resolve any outstanding obligations.

The notice serves as a reminder that companies operating in Nigeria are expected to keep their statutory filings current to maintain their legal status and avoid deregistration.