CAC gives companies August 1 deadline to comply with business letter disclosure rules

The Corporate Affairs Commission (CAC) has given companies until August 1, 2026, to comply with statutory disclosure requirements governing business letters, warning that firms that fail to meet the deadline will face sanctions under the Companies and Allied Matters Act (CAMA) 2020.

In a public notice issued on Wednesday, the commission said it would begin full enforcement of Sections 304(1) and (2) and 729(1)(c) of CAMA 2020, which prescribe the information companies must include in their official correspondence.

The directive applies to all companies registered under the Companies and Allied Matters Act 2020 or any law repealed by the Act.

According to the commission, every company is required to state on its business letters the present forename or initials and surname of each director, any former forename and surname, as well as the nationality of every director who is not a Nigerian.

Companies must also display their registered company name, registration number and registered office address in clear and legible characters on all business letters and official correspondence.

“The Commission wishes to inform the General Public, Esteemed Customers, and in particular, Companies registered under the Companies and Allied Matters Act 2020 (or any enactment repealed by the Act), that commencing the 1s* day of August 2026, the Commission shall enforce the full application of the requirements of sections 304(1) & (2) and 729 (1)(c) of the Act with respect to company business letters with attendant sanctions for non-compliance.

Read also: Nigeria beats out South Korea to claim world’s top-performing stock market

“Companies are to note that the Act requires every company so registered to state on its business letters and in legible characters, the present forename or initials and surname; any former forename and surname; and nationality (for non-Nigerians) with respect to every director as well as the company’s name, registration number and registered address,” the notice stated.

The CAC urged companies to review their letterheads and other official communication materials to ensure they comply with the statutory provisions before the enforcement date.

The commission said the move is aimed at strengthening corporate transparency and ensuring that companies provide accurate information about their directors and corporate identity in their official dealings with customers, regulators and other stakeholders.

It added that the enforcement forms part of broader efforts to improve compliance with the Companies and Allied Matters Act and reinforce accountability in Nigeria’s corporate environment.

The CAC reaffirmed its commitment to promoting transparency, accountability and customer satisfaction while working to build a more resilient, efficient and responsive corporate regulatory system.