By Progress Godfrey
The Corporate Affairs Commission (CAC) has given companies until August 1, 2026, to comply with statutory requirements on business letters, warning that defaulters would face sanctions.
The commission, in a public notice on Wednesday, 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of the Companies and Allied Matters Act (CAMA) 2020 and applies to all companies registered under the Act or any law it repealed.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.
