​No fewer than 44,000 companies have been delisted from the database of the Corporate Affairs Commission (CAC).

The commission has also registered over 1.5 million companies.

Registrar General of the CAC, Bello Mahmud, said this in a chat with the Economic Confidential in Abuja.

He said the development was sequel to several breaches of the Companies and Allied Matters Act (CAMA) and other extant regulations of the commission, notably, late and outright refusal to file returns.

“So far there is an improvement and a current ratio of 45 per cent. We are still checking on company records, especially in terms of compliance for those who have not been filing.

“If we discover you are not a going concern, the law establishing us gives us the power to delist from our database.

“If we discover and write you first, second and third letter without reply, we now deem it that you are not a going concern and we delist you from our database.

“So far, the first batch we delisted were about nine thousand (9000) And in the second batch about thirty-five (35,000) totalling 44,000 firms delisted from our database and is still ongoing”, he said.

http://fabinfos.com/cac-delists-44000-companies/

Lalasticlala Ishilove Mynd44 Seun Dominique

There is definitely no need retaining non-functional and moribund companies.

Wow over 1.5 million registered companies, even that lazy dude called G.E.J could not accomplish this feat.
Na Buhari all the way

This serious matter oooo

How do one check whether his company have been delisted

Hmmm.... serious matter

Eehen??

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how can one check if his company is amongst the delisted companies?

so many people putting up fictitious companies just to prove a point, even though their illicit source of livelihood is not related to the company

There are a lot of non existent companies that are currently registered in Nigeria, this is a good move

Want to learn how to register your company in Nigeria. Visit http://www.businessmopol.com/register-business-nigeria/

so...

Common give small businesses breathing space. Go hard on the top multinationals, Dangote's and co....leave the common man striving to survive!.




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mikeycharles:
Wow over 1.5 million registered companies, even that lazy dude called G.E.J could not accomplish this feat.
Na Buhari all the way

Lol. You just reacted like my little niece. Those 1.5 million companies are the total number of registered companies in Nigeria. Not just those registered under Buhari. Actually, I think those registered under Buhari would be minimal at best given the state of the country in the past 2 years.

emmadejust:
This serious matter oooo

How do one check whether his company have been delisted

Nice question. I'd like to know too. Can anyone help with answers?

Most are shell companies

Registered because they hav someone in govt

The moment their person is no longer there, the company fold up

I believe those 44,000 are the companies which pdp used to defraud us

mikeycharles:
Wow over 1.5 million registered companies, even that lazy dude called G.E.J could not accomplish this feat.
Na Buhari all the way

i see u in all thread praising and hailing bokoharim up and down like someone paid to do it...i guess thats what they employed you for

mikeycharles:
Wow over 1.5 million registered companies, even that lazy dude called G.E.J could not accomplish this feat.
Na Buhari all the way

How is this a feat

Go to their website and search for your company name under the public search corner.

emmadejust:
This serious matter oooo

How do one check whether his company have been delisted

Abudu2000:
i see u in all thread praising and hailing bokoharim up and down like someone paid to do it...i guess thats what they employed you for

keep spewing trash, Buhari has accomplished more than what any past President could have accomplished in just 2years, imagine if he were to rule for 8years

A lot of companies folded up in the last two years.

Senseless supporters of Buhari will still hail him.

sydneyobioha:
how can one check if his company is amongst the delisted companies?

login to CAC website and search your company name with the registered number, if not found, then it must have been delisted.

The delisting is necessary in line with the ongoing Voluntary Assets & Income Verification Scheme (VAIDS) and having a viable list of existing companies.

Now you must file returns or be delisted. One way or the other, your company net-worth and assets are already verifiable with what is with the Tax authorities.

The next on the list is enforcement of CAFA (Certificate of Acceptance on Fixed Assets-PPE/C.Allw), Compulsory Land registration with the Ministry.

Interesting...

mikeycharles:
keep spewing trash, Buhari has accomplished more than what any past President could have accomplished in just 2years, imagine if he were to rule for 8years

All is not well with this dude..... Please ignore him

mikeycharles:
Wow over 1.5 million registered companies, even that lazy dude called G.E.J could not accomplish this feat.
Na Buhari all the way

You have just proven you have the IQ of flea in that dust Pan you call a brain ..Well done for celebrating your stupidity nationally on front page Sir

Na church plenty pass for CAC data base

dheespectre:
Eehen??

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Next time add picture to it

mikeycharles:
Wow over 1.5 million registered companies, even that lazy dude called G.E.J could not accomplish this feat.
Na Buhari all the way

With people like you,our problems in this entity called Nigeria are far from over. Infact,they have just begun. Here you are singing the praise of a man who came to power with a promise to do better than the last administration but has ended up being no different. Have you bothered to sit down for a second to wonder why things are the way they are today? Why your president is recieving treatment in a foreign hospital as against a Nigerian health facility? I think not. Sycophancy just sits well with you. You better change your way. FYI,the past and the present,I see no difference-just a switch from umbrella to broom.

dheespectre:
Eehen??

Meanwhile,

Got a ups?
Let us turn it to a fully functional inverter with fast battery charging and LCD battery monitor.
Can carry basic holdhold gadgets like TV, fan, bulb, decoder..

N13000 only .

Lagos
0811-9387235

can I see pics?

AH