Corporate Affairs Commission (CAC) says it will begin full enforcement of statutory requirements governing the contents of company business letters from Aug. 1, warning that defaulting companies will face sanctions.
CAC
The commission made this known in a public notice signed by its management and posted on its official X handle on Wednesday.
It said the enforcement would cover the provisions of Sections 304(1), 304(2) and 304(1)(c) of the Companies and Allied Matters Act (CAMA) 2020.
Under the Act, companies are required to display specified information on all business letters, including invoices, quotations, official correspondence and other business documents.
The required information includes the company’s registered name, registration number, the present forename or initials and surname of every director, any former forename and surname, as well as the nationality of every non-Nigerian director.
According to the commission, companies that fail to comply with the provisions from Aug. 1 will be subject to the sanctions prescribed under the law.
“Commencing the 1st day of August 2026, the Commission shall enforce the full application of the requirements of Sections 304(1) and (2), and 304(1)(c) of the Act with respect to company business letters, with attendant sanctions for non-compliance,” the notice stated.
The commission reminded all companies registered under CAMA 2020 to ensure the required information is stated in legible characters on their business letters before the enforcement date.
It urged affected organisations to take the necessary steps to comply with the provisions to avoid penalties.
The commission also reaffirmed its commitment to promoting transparency, accountability and customer satisfaction in Nigeria’s corporate regulatory environment.
According to the CAC, the enforcement is part of ongoing efforts to strengthen corporate governance and ensure compliance with the provisions of the Companies and Allied Matters Act.
