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    The Corporate Affairs Commission (CAC) has set August 1, 2026, as the deadline for companies to comply with statutory rules governing business letters, warning that violators will face sanctions. In a public notice issued Wednesday, the commission said the enforcement drive is anchored on Sections 304(1) and (2) and 729(1)(c) of the Companies and Allied Matters Act (CAMA) 2020, and covers all companies registered under the Act or any law it replaced. The law requires every company to state on its business letters the current and any former forename or initials and surname of each director, along with the nationality of non-Nigerian directors. Companies must also display their registered name, registration number and registered office address clearly on all business correspondence. “Commencing the 1st day of August 2026, the Commission shall enforce the full application of the requirements of Sections 304(1) & (2) and 729(1)(c) of the Act with respect to company business letters with attendant sanctions for non-compliance,” the CAC said. The commission urged companies to review their letterheads and official correspondence ahead of the deadline, noting that the move is designed to ensure accurate disclosure of director and corporate information while deepening compliance with CAMA 2020. CAC reaffirmed its commitment to transparency, accountability and customer satisfaction as part of efforts to build a more resilient and responsive corporate regulatory environment.

    CAC sets Aug. 1 deadline for letterhead compliance

    Arrested Suspected Bandit, Abubakar Usman, Claims Gang Worked for Abuja-Based Cattle Owner

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Akande, 559 Others Get Appointment into Tertiary Institutions’ Governing Councils

Madukwe Nwabuisi by Madukwe Nwabuisi
June 15, 2024 - Updated on June 16, 2024
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Akande, 559 Others Get Appointment into Tertiary Institutions’ Governing Councils

Tinubu and Akande

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A total of 560 individuals were appointed to the governing councils and boards of Federal Government-owned tertiary institutions.

President Bola Tinubu approved the reconstitution of Governing Councils and Boards of federal universities, polytechnics and colleges of education.

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In a statement on Friday, the Permanent Secretary, General Services, Office of the Secretary to the Government of the Federation, Nnamdi Mbaeri, noted that the approval was given for the effective management of Nigerian tertiary institutions across the country.

The statement read, “His Excellency, President Bola Tinubu, has approved the reconstitution of Governing Councils and Boards of Federal Universities, Polytechnics and Colleges of Education for the effective management of Nigerian tertiary institutions across the country.”

For the University of Ibadan, the President appointed Chief Bisi Akande as the Chairman of the governing council. The board members are Alexander Ajipe, Nelson Alapa, Ifeoma Nwankwo, and Prof. Emmanuel Alo.

Chief Wole Olanipekun (SAN) was appointed as the Chairman of the governing council of the University of Lagos, while the council members are Bello Kumo, Prof. Idowu Mark, Niyi Akande, and Bola Njoku.

Isa Yuguda chairs the board of the National Open University with Goddy Etta, Yomi Balogun, Deborah Apah, and Hingah Biem as council members.

Madukwe B. Nwabuisi
Madukwe Nwabuisi

Madukwe B. Nwabuisi is an accomplished journalist renown for his fearless reporting style and extensive expertise in the field. He is an investigative journalist, who has established himself as a kamikaze reporter.

Tags: AkandeGoverning Councils

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