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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.

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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 Claims Gang Worked for Abuja-Based Cattle Owner

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

    Sultan Urges Northern Leaders to Unite Against Banditry, Says ‘We Know the People’

    Sultan Urges Northern Leaders to Unite Against Banditry, Says ‘We Know the People’

    Peter Obi Questions Tinubu’s Ability to Tackle Insecurity

    Peter Obi Questions Tinubu’s Ability to Tackle Insecurity

    Tinubu Rejects Two Bills, Sends Fresh Ones to Reps

    Tinubu Rejects Two Bills, Sends Fresh Ones to Reps

    PFIPC: I'll hand over documents to DSS, Police — Adeyemi

    PFIPC: I’ll hand over documents to DSS, Police — Adeyemi

    Defence Minister Orders Troops to Shoot Terrorists Without Waiting for Approval

    Defence Minister Orders Troops to Shoot Terrorists Without Waiting for Approval

    Fashola: Lagos Discounted Land Price To Keep Dangote Refinery Project

    Fashola: Lagos Discounted Land Price To Keep Dangote Refinery Project

    Hijab Row: Appeal Court Orders UI, ISI to Maintain Status Quo

    Hijab Row: Appeal Court Orders UI, ISI to Maintain Status Quo

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AUSTRALIAN OPEN: Murray Slumps Out In First Round

Madukwe Nwabuisi by Madukwe Nwabuisi
January 15, 2024
in International, Sports
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Five-time finalist, Andy Murray, slumped out of the Australian Open at the first hurdle Monday, with the British veteran outplayed by Argentine Tomas Martin Etcheverry.

The 36-year-old, who has suggested he may be playing his final season, put up stiff resistance in a 61-minute first set, but the 30th seed slowly ground him down to win 6-4, 6-2, 6-2.

“Very tough for me playing with a legend like Andy,” said Etcheverry, 12 years younger than his opponent.

“He is one of my idols, but today I played incredible. I just tried to play my game and focus on my points.”

Murray’s defeat deprived fans of a potential third-round clash with defending champion Novak Djokovic.

To have a chance of facing the top seed, Etcheverry, who reached the French Open quarter-finals last year, must first get past another veteran, Frenchman Gael Monfils.

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Murray had a frustrating end to 2023, winning just one match in his last four tournaments, and said in Brisbane this month he will bring down the curtain on his career if the next 12 months follow the same pattern.

The British player, who won Wimbledon in 2013 and 2016 and also took the US Open title in 2012, is part of a golden generation coming towards the end of trophy-laden careers.

Roger Federer retired in 2022 and Rafael Nadal had an injury-blighted 2023 and is absent from the Australian Open with a muscle tear.

At 36, Djokovic is still hoping to add to his record haul of 24 Grand Slam titles before hanging up his racquet.

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: AUSTRALIAN OPENMurray

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  • Sultan Urges Northern Leaders to Unite Against Banditry, Says ‘We Know the People’
  • Peter Obi Questions Tinubu’s Ability to Tackle Insecurity
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