Business

CAC to Enforce Mandatory Disclosure of Directors’ Details on Company Letters from August 1

The Corporate Affairs Commission (CAC) has announced that it will enforce the mandatory disclosure of directors’ details on company letters effective August 1, 2026.

In a statement signed by its management and dated July 7, 2026, the CAC noted that the enforcement applies particularly to companies registered under the Companies and Allied Matters Act 2020 (or any enactment repealed by the Act).

The Commission explained that it would enforce the full application of the requirements of Sections 304(1) and (2) and 729(1)(c) of the Act with respect to company business letters, with attendant sanctions for non-compliance.

“Companies are to note that the Act requires every company so registered to state on its business letters and in legible characters, the present forename or initials and surname; any former forename and surname; and nationality (for non-Nigerians) with respect to every director as well as the company’s name, registration number and registered address,” it said.

The CAC reiterated its commitment to transparency, accountability, and customer satisfaction as it strives to build a more resilient and responsive corporate regulatory environment.

ThelensNG

Hope Ejairu

Hope Ejairu is a writer, sports analyst and journalist, with publications in print and digital media. He holds certifications in various media/journalism trainings, including AFP.

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button

Adblock Detected

Turn off Your Ad Blocker to continue browsing this site.