CAC Begins Enforcement Of Directors’ Disclosure Rule August 1

The Corporate Affairs Commission (CAC) will begin enforcing the mandatory disclosure of directors’ details on company business letters from August 1, warning that defaulting companies will face sanctions.

The commission disclosed this in a public notice issued on Wednesday, stating that the enforcement would cover Sections 304(1) and (2) and 729(1)(c) of the Companies and Allied Matters Act (CAMA) 2020.

According to the CAC, all companies registered under CAMA 2020, or any law repealed by the Act, are required to include specified corporate information on their business letters.

The commission said companies must prominently display their registered name, registration number and registered office address on all business correspondence.

It added that business letters must also contain the present first names or initials and surnames of every director, any former first names and surnames, as well as the nationality of directors who are not Nigerian citizens.

“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customers, and in particular, companies registered under the Companies and Allied Matters Act 2020 (or any enactment repealed by the Act), that commencing from August 1, 2026, it shall enforce the full application of the requirements of Sections 304(1) and (2) and 729(1)(c) of the Act with attendant sanctions for non-compliance,” the notice stated.

The CAC explained that the move is aimed at strengthening transparency, accountability and compliance within Nigeria’s corporate environment.

The commission urged all affected companies to review their business stationery and official correspondence to ensure full compliance before the commencement of enforcement.

The enforcement forms part of the CAC’s broader efforts to improve corporate governance and promote greater confidence in Nigeria’s business environment through strict adherence to the provisions of CAMA 2020.