The Corporate Affairs Commission (CAC) has initiated its sixth batch of deregistering companies that failed to meet statutory obligations, putting 100,000 firms at risk of removal from Nigeria's corporate register.This move is part of CAC's effort to maintain an accurate and up-to-date database of active companies.

The affected companies were listed on the CAC website, and they have 90 days to submit outstanding annual returns, including details on Persons with Significant Control (PSC) or Beneficial Ownership, to [email protected].Failure to comply within the deadline will result in automatic deregistration.This follows a previous batch in 2025 where over 400,000 companies were struck off due to non-compliance.The CAC emphasized that this exercise is crucial for sanitizing the corporate register and preserving its credibility.

The regulator warned that non-compliant firms will be removed without further notice, underscoring the importance of adherence to regulatory requirements.