CAC To Sanction Companies Over Non-Compliant Business Letters From August 1

The Corporate Affairs Commission has announced that it will begin full enforcement of statutory requirements governing company business letters from August 1, 2026, warning that defaulting firms will face sanctions.

In a public notice issued on Wednesday, the Commission said the enforcement would apply to the provisions of Sections 304(1), 304(2) and 304(1)(c) of the Companies and Allied Matters Act 2020, which prescribe the information every registered company must display on its business correspondence.

According to the Commission, all companies registered under the Act are required to clearly state on their business letters the present forename or initials and surname of every director, any former forename and surname, the nationality of every non-Nigerian director, as well as the company’s registered name and registration number.

The CAC said the full application of the legal provisions would take effect from August 1, with sanctions to be imposed on companies that fail to comply.

“The Commission wishes to inform the general public, esteemed customers and, in particular, companies registered under the Companies and Allied Matters Act 2020, that commencing the 1st day of August 2026, the Commission shall enforce the full application of the requirements… with attendant sanctions for non-compliance,” the notice stated.

The Commission urged affected companies to ensure their business letters conform with the statutory requirements before the enforcement date to avoid penalties.

Reaffirming its commitment to improving corporate governance, the CAC said it remained dedicated to promoting transparency, accountability and customer satisfaction while building a more resilient and responsive corporate regulatory environment.