Nigeria’s Corporate Affairs Commission (CAC) struck off more than 400,000 inactive and non-compliant companies from its register in 2025, in a sweeping enforcement action to strengthen transparency and restore the integrity of the corporate database.
Registrar-General Hussaini Ishaq Magaji disclosed this in Abuja on Saturday, February 7, 2026, during the Commission’s 35th anniversary, stating that most affected entities were dormant firms that failed to file annual returns and update mandatory records.
He said many had remained inactive for years, weakening the reliability of the national register, and stressed that the cleanup ensures only active and compliant entities retain legal status.
The action was carried out under the Companies and Allied Matters Act, which empowers the Commission to strike off non-compliant firms.
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Under the law, any company removed from the register is deemed dissolved and cannot operate unless restored through due legal process.
The Commission urged the public and investors to verify the legal status of companies before transactions, warning of legal and financial risks in dealing with dissolved entities.
The CAC said the exercise is part of broader reforms to sanitise the corporate space, strengthen compliance, curb misuse of dormant firms, and improve Nigeria’s ease-of-doing-business climate.