TROOPS APPREHEND SUSPECTED TERRORIST COLLABORATORS, FAMILY OF ISWAP FINANCE CHIEF SURRENDERS, RECOVER LOGISTICS ITEMS. (PHOTOS). #PRESS RELEASE

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 TROOPS APPREHEND SUSPECTED TERRORIST COLLABORATORS, FAMILY OF ISWAP FINANCE CHIEF SURRENDERS, RECOVER LOGISTICS ITEMS Troops of Operation HADIN KAI (OPHK) have continued to sustain pressure on  terrorists through series of intelligence-led operations that resulted in the arrest of suspected terrorist collaborators, the surrender of the family members of a senior ISWAP commander, and the recovery of terrorist logistics items. In one of the operations conducted on 27 July 2026, troops of 5 Brigade arrested six ISWAP collaborators in Damasak, Borno State. Preliminary investigations revealed that the suspects were allegedly generating funds for the terrorist group through the procurement and sale of cattle at designated markets in Gubio, Damasak and Ajuwango. Items recovered from the suspects included one Volkswagen Golf vehicle, vehicle keys, four mobile phones of different brands, cow meat and the sum of ₦317,950.00. The suspects are currently in military custody undergoing fur...
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CAC TO DELIST 100,000 DORMANT COMPANIES, ISSUES 90-DAY GRACE PERIOD FOR COMPLIANCE. (PHOTO).

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 CAC to Delist 100,000 Dormant Companies, Issues 90-Day Grace Period for Compliance


The Corporate Affairs Commission (CAC) has announced plans to strike off approximately 100,000 dormant companies from its register due to their failure to file annual returns for over a decade. The commission has granted these companies a 90-day grace period to submit all outstanding returns or face delisting, as outlined in a statement released on its official website and X account on Wednesday, July 24, 2024.


The CAC’s decision is in line with Section 692 (3) and (4) of the Companies and Allied Matters Act (CAMA) No. 3 of 2020, which empowers the commission to remove defunct or dormant companies that have not complied with annual filing obligations for 10 years. A comprehensive list of the affected companies has been published on the CAC’s website, www.cac.gov.ng, for public reference.


According to the CAC, companies that fail to file their outstanding annual returns within the 90-day window, starting from the date of the announcement, will be deemed dissolved and struck off the register. The commission emphasized that it is illegal to conduct business under the name of a delisted company, as such entities are legally considered dissolved. Companies that have complied with filing requirements but remain on the list are advised to submit proof of compliance to compliance@cac.gov.ng within 30 days to avoid erroneous delisting.


The CAC urged affected companies to file their returns and notify the commission via email at activation@cac.gov.ng to have their names removed from the delisting list. This move follows a similar initiative in December 2023, when the CAC announced plans to delist 91,843 companies, a figure later adjusted after some firms complied during an earlier grace period. As of November 2024, the commission had already delisted 80,429 companies, including notable names like Innoson “Vinod” International Limited and Jolly Food Industries Ltd, for non-compliance.


The CAC’s ongoing efforts aim to sanitize Nigeria’s corporate register, enhance transparency, and ensure that only active businesses remain on its database. Stakeholders are cautioned against engaging in transactions with delisted companies, as such actions are illegal without a Federal High Court order to restore the company’s status. The commission’s actions underscore its commitment to enforcing corporate governance and regulatory compliance in Nigeria’s business environment.

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