Corporate Affairs Commission
CAC
About
The Corporate Affairs Commission (CAC) is a body of the Nigerian Government responsible for regulating and managing companies in Nigeria. It is an autonomous body charged with regulating the formation and management of companies, and it carries out its functions through accredited members of professional bodies such as the Association of National Accountants of Nigeria, the Institute of Chartered Accountants of Nigeria, the Institute of Chartered Secretaries and Administrators of Nigeria, and the Nigerian Bar Association. The commission provides services including incorporation of companies, registration of business names and incorporated trustees, same day incorporation, conducting searches, issuing certified true copies of filed documents, processing statutory filings, investigating company affairs where shareholders or the public require it, managing and winding up companies, and monitoring compliance with the Companies and Allied Matters Act. Its headquarters is in Maitama, Abuja.
History
The commission was introduced in 1990 with the passing of the Companies and Allied Matters Act No. 1 (CAMA) 1990, as amended, now Act Cap C20 of the Laws of the Federation of Nigeria. Prior to the enactment of CAMA, these activities were carried on under the Companies Act 1968. Its establishment, structure and funding are now governed by the Companies and Allied Matters Act 2020. On 25 May 2023, Nigeria launched its Open Central Register of Beneficial Ownership (the Persons with Significant Control Register), in line with its commitment at the Anti-Corruption Summit held in London on 12 May 2016.
Key Facts
Established
1990
Headquarters
Plot 420, Tigris Crescent, Off Aguiyi Ironsi Street, Maitama, Abuja, Nigeria
Registrar-General
Hussaini Ishaq Magaji
Members
10
Abbreviation
CAC