The Corporate Affairs Commission (CAC) has announced its plan to remove companies that have not submitted their annual reports for the past 10 years from its register.
In a statement released on Wednesday, the CAC gave these companies a 90-day window to file their reports.
“This notice informs the public that, under Section 692 (3) (4) of the Companies and Allied Matters Act No. 3 of 2020, the commission intends to strike off defunct or dormant companies that have failed to file Annual Returns for a decade,” the statement reads.
Affected companies have 90 days from the publication date to submit all overdue annual returns and confirm via email to activation@cac.gov.ng to avoid being delisted.
The commission cautioned that operating a business under a delisted company name is illegal, as the organization is considered dissolved.
According to TheCable, over 100,000 companies are slated for deletion, including:
1. Chisco Transport (Nigeria) Limited
2. Free Range Farms Plc
3. Atlantic Solutions Nigeria Limited
4. Intertek Industry Services Nig. Ltd
5. Med Mak Construction Company Limited
6. Intertek (Holdings) Nig Ltd
7. Marquis Hotel & Apartment Ltd
8. Chysom Industries and Marketing Company Limited
9. BP Consulars Limited
10. K & K Energy And Logistics Co Ltd
11. Dastops Alternative Therapy
12. Zenon Petroleum And Gas Limited
13. Ndotiten Global Services Limited
14. CN Aguluono Ventures Limited
15. Ola-Seg Investments Limited
16. Salako Adewale And Co (Delete)
17. Uncle Jublee Ais Ltd
18. ICT Resource Partners Ltd
19. QSM Integrated Services Limited
20. Naval Officers Wives Association Of Nigeria
21. Clover Nigeria Limited
22. Discount Dry Cleaners Ltd
23. Rewaj Corporate Limited
24. Integrated Gas Services Co. Ltd
25. Edfin Microfinance Bank Limited
The full list of companies can be found on the commission’s website.
