FULL LIST: CAC to delist 100,000 companies dormant for 10 years

July 25, 2024 8:34 am

CAC asks BDCs with revoked licences to restructure operations

The Corporate Affairs Commission (CAC) says it will delete names of companies that have not filed their annual reports in 10 years from its register.

In a statement on Wednesday, the CAC gave the companies 90 days to file their reports.

“This is to inform the general public that the commission pursuant to its powers contained in Section 692 (3) (4) of the Companies and Allied Matters Act No. 3 of 2020, intends to strike off from the Register, names of defunct or dormant companies that have not filed Annual Returns for a period of 10 years,” the statement reads.

“These companies are given a period of 90 days from the date of this publication to file all outstanding annual returns and send an email of this fact to [email protected]. so as to remove their names from the list.”

The commission warned that it is illegal to carry on business with the name of a company that has been delisted from the register as such an organisation is deemed to be dissolved.

TheCable observed that over 100,000 companies to be deleted were published on the company’s website.

Some of the companies deemed to be dissolved include:

1. Chisco Transport (Nigeria) Limited

2. Free Range Farms Plc

3. Atlantic Solutions Nigeria Limited

4. Intertek Industry Services Nig. Ltd

5. Med Mak Construction Company Limited

6. Intertek (Holdings) Nig Ltd

7. Marquis Hotel & Apartment Ltd

8. Chysom Industries and Marketing Company Limited

9. BP Consulars Limited

10. K & K Energy And Logistics Co Ltd