The Corporate Affairs Commission (CAC) has given companies operating in Nigeria until August 1, 2026, to comply with statutory disclosure requirements for business letters, warning that non-compliance will attract sanctions.
The directive, announced in a public notice issued on Wednesday, is part of efforts to strengthen corporate transparency and ensure adherence to the provisions of the company’s and Allied Matters Act (CAMA) 2020.
The Commission said that beginning August 1, it would commence full enforcement of Sections 304 sub section one, section 304 sub section two and section 304 sub section one (C) of the Act, which prescribe the information every registered company must display on its business letters.
Under the law, companies are required to state in legible characters the present forename or initials and surname of their directors, any former forename and surname, the nationality of every non-Nigerian director, as well as the company’s registered name and registration number.
According to the Commission, the enforcement exercise is aimed at improving corporate accountability and making it easier for customers, investors and regulators to identify businesses and their directors.
The CAC advised companies to review their letterheads and other official correspondence to ensure they comply with the legal requirements before the enforcement date.