By Ayoola Hassan Regulatory Compliance involves the process of adhering to relevant laws, regulations, procedures, guidelines and other rules issued by the government or governing authorities. Companies operating business in Nigeria are required to comply with the regulatory obligations relevant to the scope of their business. Violations usually attract penalties and this may have an ...

As social media platforms grow in popularity for decluttering household items, Nigerians are increasingly falling victim to scammers who are using fraudulent tactics to trick unsuspecting individuals. On September 12, 2023, Chike Abengowe, a 32-year-old auditor, thought he had stumbled upon a legitimate Instagram page, Declutter Abode, which promised to buy and sell used household ...

  The Corporate Affairs Commission (CAC) has delisted over 80,000 companies from its register for failing to file their annual returns for a decade. This action follows a three-month grace period issued in July 2024, during which the affected entities were urged to update their records to avoid removal. In a statement released on Wednesday, ...

  The Corporate Affairs Commission (CAC) has called on Nigerians to utilize its newly launched Administrative Proceedings Committee (APC) for resolving disputes and grievances related to its services. Registrar-General Hussaini Magaji emphasized to the News Agency of Nigeria (NAN) in Abuja that the commission is committed to serving public interests efficiently. Established under Section 851 ...

  The Corporate Affairs Commission (CAC) has announced its plans to revamp its organisational structure in a bid to become a more customer-centric entity, catering to both national and international businesses. This was disclosed by the Registrar-General and CEO of the CAC, Hussaini Magaji, during the 2024 Management Retreat held in Jos, Plateau State, under ...

The Corporate Affairs Commission (CAC) has issued a strong warning to Point-of-Sale (POS) operators across Nigeria following the expiration of the business registration deadline set for September 5, 2024. The CAC had initially announced the requirement for registration on July 7, 2024. In a statement on Friday, the CAC expressed disappointment over the low compliance ...

    The Nigerian Law Society (NLS), an emerging association of legal practitioners, has vowed to challenge the dominance of the Nigerian Bar Association (NBA) and provide Nigerians with a better alternative. The NLS is currently embroiled in a dispute with the Corporate Affairs Commission (CAC) over its registration, with the CAC labeling the NLS’s ...

    Chief Bolaji Ayorinde, a Senior Advocate of Nigeria (SAN), has announced plans to sue Hussaini Ishaq Magaji, SAN, the Registrar General of the Corporate Affairs Commission (CAC), over an alleged defamatory publication against the Nigerian Law Society (NLS). The dispute centers around claims by the CAC that the NLS, a professional legal body ...

  The Corporate Affairs Commission (CAC) has requested the consent of the Attorney General of Federation (AGF) to prosecute the promoters of Nigeria Law Society (NLS). The commission, in a letter dated August 15, 2024, and signed by its Registrar-General/Chief Executive, Mr. Hussaini Ishaq Magaji, and addressed to the AGF, sought the latter’s consent as ...

The Corporate Affairs Commission (CAC) has announced that it will remove from its register companies that have not submitted their annual reports in the past decade. In a statement released on Wednesday, the CAC revealed that the complete list of inactive companies can be found on its website. “This is to notify the general public ...

Procedure for the Restoration of the Name of a Company Struck off the Register of Companies by the Corporate Affairs Commission (CAC)1 1. Introduction The Corporate Affairs Commission (“the Commission”), published a final list of 91,194 companies to be struck off the register of companies by a notice dated 5th December 2023.2 This came after the commission had previously issued a notice dated 31st July 20233 on its intention to commence striking ...

The Corporate Affairs Commission (CAC) has extended the deadline for registering all Point of Sale (PoS) Operators by an additional sixty days. Starting from July 7, 2024, to September 5, 2024, this extension aims to accommodate operators, particularly those in remote areas facing network issues. Originally, the Commission had set a deadline of July 7, ...

  The Corporate Affairs Commission (CAC) has refuted claims of irregular staff recruitment made against its Registrar-General/CEO, Hussaini Ishaq Magaji, SAN. In a statement issued via its official platform on Saturday, April 20, 2024, the CAC dismissed reports alleging that the Registrar-General hired over 100 graduates from his home state of Bauchi, purportedly disregarding the ...

    Allegations of abuse of office and irregular recruitment practices have surfaced against the Registrar-General (RG) of the Corporate Affairs Commission (CAC), Ishaq Hussein Magaji, SAN, less than six months after his appointment. Officials within the CAC have accused Magaji of failing to constitute a new Board, mishandling staff welfare and emoluments amounting to ...

The Corporate Affairs Commission is urging social media content creators and influencers with substantial followership to comply with the Company and Allied Matters Act 2020 by registering their businesses with the commission. This development follows reported intentions by the Federal Inland Revenue Services to integrate media content and influencers into its tax framework. Hussaini Magaji, ...

    The Corporate Affairs Commission has announced an extension of time for companies to submit their annual returns, allowing for a revised timeline from January 1, 2024, to April 1, 2024. This was disclosed in a statement seen by our correspondent on the official X (formerly Twitter) handle of the commission on Thursday, 28th ...