CAC Delists 80,428 Companies, Including One Pension Fund Administrator, for Non-Compliance

The Corporate Affairs Commission (CAC) has announced the delisting of 80,428 companies, including one Pension Fund Administrator (PFA), due to their failure to comply with mandatory annual report filings. The CAC stated that these companies had not submitted their annual returns within the specified deadline, a key requirement for maintaining good standing with the commission. This action is part of the commission’s ongoing efforts to ensure accountability and transparency in the corporate sector. The CAC emphasized the importance of timely compliance with regulatory requirements to maintain a company’s active status in the national registry.