Legal alerts · 20 July 2026

CAC moves to strike off 100,000 companies: what your board has 90 days to do

By a public notice dated 15 July 2026, the Corporate Affairs Commission began Batch 6 of its striking-off exercise and gave affected companies 90 days to file outstanding annual returns and beneficial ownership information.

Oluwashina O. Olagbende · 5 min read

The position

The Corporate Affairs Commission issued a public notice dated 15 July 2026 listing about 100,000 companies for removal from the register. The exercise is Batch 6 of the Commission's compliance drive and is taken under section 692(3) and (4) of the Companies and Allied Matters Act 2020, which allows the Registrar-General to strike off a company that appears to be dormant or that has failed to meet its statutory filing obligations.

Affected companies have 90 days from the notice to regularise their records. In practice that means filing every outstanding annual return, updating the register of members and directors so it matches the resolutions actually passed, and filing beneficial ownership information in the form the Commission currently accepts.

Being struck off is not a paperwork inconvenience. A company that is off the register cannot open or operate accounts in its own name, cannot give good title to land, and cannot be relied on as a counterparty in a financing. Any lender, purchaser or investor conducting a search will see the position immediately.

Where a company has fallen several years behind, the order of filings matters. Filing the current year before curing prior-year defaults produces a record that reads inconsistently and invites queries. We work backwards, year by year, and hand the client one written filing position they can give to a bank, a buyer or a regulator.

If your company appears on the published list, or you are unsure whether it does, we will run the search and tell you plainly what is outstanding and what it will take to close it before the deadline.