CAC begins enforcement of company letter rules August 1

The Corporate Affairs Commission (CAC) has announced that it volition statesman enforcing statutory requirements connected the contents of institution concern letters from August 1, 2026, informing that defaulting companies volition look sanctions.

The committee disclosed this successful a nationalist announcement signed by its absorption and posted connected its X grip connected Wednesday.

Under the Companies and Allied Matters Act 2020, institution concern letters are required to intelligibly show cardinal details, including the company’s registered name, registration number, directors’ contiguous forenames oregon initials and surnames, immoderate erstwhile forenames and surnames, and the nationality of each non-Nigerian director.

The request applies to each institution concern letters, including invoices, quotations, authoritative correspondence and different concern documents.

According to the CAC, the enforcement volition screen the afloat exertion of Sections 304(1), 304(2) and 304(1)(c) of the Companies and Allied Matters Act 2020.

The committee said, “Commencing the 1st time of Aug...