The Registrar-General/Chief Executive Officer of the Corporate Affairs Commission (CAC), Alhaji Garba Abubakar, has said revenue generation does not inform their plans to delist registered companies that had been failing to file their tax returns.
Receiving a team from the Institute of Chartered Secretaries and Administrators of Nigeria (ICSAN), who paid him a courtesy visit in Abuja on Monday, Alhaji Abubakar explained that companies already earmarked for striking off the register were expected to comply within 90 days, or stand the risk of being delisted.
According to him, “About 100,000 business names and 10,000 incorporated trustees that have defaulted in the last 10 years will soon be published for striking off from the companies register.”
He said, “This is in accordance with the provisions of the Companies and Allied Matters Act (2020).”
He said the step was also designed to ensure compliance and strengthen CAC’s records in line with the Beneficial Ownership Register and in conformity with international best practices.
Earlier, the ICSAN’s President, Funmi Ekundayo, had expressed the institute’s willingness to collaborate with the CAC to further enhance service delivery.
Mrs Ekundayo applauded CAC’s reform initiatives, which, she said had led to improved service delivery.
She said, “We appreciate achievements already recorded under the leadership of Alhaji Abubakar.
“As a stakeholder, the institute is ready to collaborate and partner with the CAC on ways to further enhance service delivery for the benefit of the economy.’’
