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    CAC Uncovers 247 Fraudulent Firms

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    Corporate Affairs Commission (CAC) has announced the removal of 247 companies from its official database, citing improper registration.

    In a public notice shared via its official X handle on Friday, the Commission stated that the affected entities were never duly registered as limited liability companies.

    According to CAC, the Registered Certificate (RC) numbers allegedly linked to these companies were never assigned to them, rendering their incorporation invalid.

    As a result, the Commission has delisted the companies and removed their names and RC numbers from its records.

    The CAC urged the general public to disregard any claims suggesting that these companies exist as legal entities or possess any rights or obligations under Nigerian law.

    This move is part of the Commission’s ongoing efforts to maintain the integrity of its corporate registry and protect the public from fraudulent business operations.

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    L–R: Secretary, Nigerian Communications Commission (NCC), Gwa Mohammed; Chief Executive Officer, Ministry of Finance Incorporated, Dr. Armstrong Takang; Executive Vice Chairman/Chief Executive Officer, NCC, Dr. Aminu Maida; Coordinating Director, Financial Reporting Council of Nigeria, Mr. Titus Osawe; Executive Commissioner, Stakeholder Management, NCC, Rimini Makama; Professor of Corporate Governance, Lagos Business School, Fabian Ajogwu, SAN, during the workshop/formal launch of Guidelines on Corporate Governance For Nigerian Telecommunications Industry hosted by the Commission in Lagos recently. L–R: Secretary, Nigerian Communications Commission (NCC), Gwa Mohammed; Chief Executive Officer, Ministry of Finance Incorporated, Dr. Armstrong Takang; Executive Vice Chairman/Chief Executive Officer, NCC, Dr. Aminu Maida; Coordinating Director, Financial Reporting Council of Nigeria, Mr. Titus Osawe; Executive Commissioner, Stakeholder Management, NCC, Rimini Makama; Professor of Corporate Governance, Lagos Business School, Fabian Ajogwu, SAN, during the workshop/formal launch of Guidelines on Corporate Governance For Nigerian Telecommunications Industry hosted by the Commission in Lagos recently.

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