The Corporate Affairs Commission (CAC) of Nigeria will be removing 100,000 companies from its official register due to consistent failure to submit annual returns. This action targets companies that have not met their statutory filing obligations, indicating potential inactivity or non-compliance. The CAC is providing a 90-day window for affected companies to rectify their records and avoid deregistration. Failure to file within this timeframe will result in the companies being struck off the register. This move aims to maintain the integrity and accuracy of the corporate registry. Companies are urged to promptly review their compliance status and submit all outstanding returns. The CAC’s action underscores the importance of adhering to regulatory requirements for registered businesses.

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