THE Corporate Affairs Commission (CAC) said it would delist 100,000 companies from its register over prolonged inactivity and non-compliance with statutory requirements under the Companies and Allied Matters Act (CAMA).

It gave the notice on Tuesday, July 29, issuing a 90-day ultimatum, from the date of its publication, for companies involved to regularise their status.

The move forms part of the Commission’s broader effort to sanitise Nigeria’s corporate registry and ensure that only active and compliant entities remain in the system.

It also aligns with ongoing efforts to enhance transparency in company ownership and governance in line with anti-money laundering standards.

“It shall be unlawful for any company struck off the Register of Companies to continue carrying on business unless it is restored by an order of the Federal High Court,” it warned, citing a similar notice in July last year, where it delisted several companies by November.

According to the Commission, the companies involved have been identified as either not carrying on business, inactive for at least 10 years, or failing to meet regulatory obligations, particularly the annual filing of returns and disclosure of Persons with Significant Control (PSC).

To avoid being struck off, CAC stated that the companies involved must promptly file all outstanding annual returns and send activation emails where applicable.

A report by The ICIR on November 11, 2019, documented a similar public notice and how the CAC had clamoured for companies to file their annual returns as provided by the law or risk being delisted from its register.