The Corporate Affairs Commission (CAC) has set a August 1, 2026 deadline, for companies to comply with statutory requirements on business letters.
It has warned that defaulters would face sanctions.
In a public notice on Wednesday, CAC said the enforcement is in line with Sections 304(1) and (2) and 729(1)(c) of the Companies and Allied Matters Act (CAMA) 2020 and applies to all companies registered under the Act or any law it repealed.
Under the law, every company must state on its business letters the present forename or initials and surname of each director, any former forename and surname, and the nationality of every non-Nigerian director.
Companies are also required to display their registered company name, registration number and registered office address in clear and legible characters on all business letters.
The commission said: “Commencing the 1st 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.”
The CAC urged companies to review their business letterheads and other official correspondence to ensure they comply with the provisions of the law before the enforcement date.
