CAC to Banks: Stop allowing inactive companies to operate

The Registrar-General of the Corporate Affairs Commission, CAC, Hussaini Magaji, SAN, has accused some banks and financial institutions of weakening Nigeria’s anti-corruption and regulatory compliance efforts by permitting inactive and non-compliant companies to continue business operations and financial transactions. Mr Magaji also revealed that the Commission has forwarded 248 suspected fake company registrations to the […] The post CAC to Banks: Stop allowing inactive companies to operate appeared first on Daily Nigerian.

  News   Feb 11, 2026   0   17  Add to Reading List
CAC to Banks: Stop allowing inactive companies to operate

The Registrar-General of the Corporate Affairs Commission, CAC, Hussaini Magaji, SAN, has accused some banks and financial institutions of weakening Nigeria’s anti-corruption and regulatory compliance efforts by permitting inactive and non-compliant companies to continue business operations and financial transactions. Mr Magaji also revealed that the Commission has forwarded 248 suspected fake company registrations to the […]

The post CAC to Banks: Stop allowing inactive companies to operate appeared first on Daily Nigerian.

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