The Corporate Affairs Commission (CAC) has given all registered companies until August 1, 2026, to comply with statutory requirements for business letters, warning that firms that fail to do so will face sanctions.
In a public notice issued on Wednesday, the commission 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of the Companies and Allied Matters Act (CAMA) 2020 and applies to all companies registered under the Act or any law it repealed.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, companies must include on their business letters the present forename or initials and surname of each director, any former forename and surname, as well as the nationality of every non-Nigerian director.
They are also required to clearly display their registered company name, registration number and registered office address on all business letters and official correspondence.
The CAC stated that full enforcement of the provisions will begin on August 1, 2026, with sanctions for companies that fail to comply.
The commission therefore urged companies to review and update their letterheads and other official documents before the deadline to ensure they meet the legal requirements.
According to the CAC, the move is aimed at improving transparency by ensuring companies provide accurate information about their directors and corporate identity in official communications, while strengthening compliance with the Companies and Allied Matters Act (CAMA) 2020.
The commission also reaffirmed its commitment to promoting transparency, accountability and a more effective corporate regulatory environment.
