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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

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    Unifying Behind Obi Not Surrender, It's Strategy – Yesufu Tells Opposition

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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

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Ex-negotiator Denies Release Of Remaining Kaduna Train Attack Victims, Says Those Still In Captivity Are In Bad Condition

admin by admin
August 17, 2022
in Metro, News Bite
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Ex-negotiator Denies Release Of Remaining Abuja-Kaduna Train Attack Victims, Says Those Still In Captivity Are In Bad Condition
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Former lead negotiator for the release of the Kaduna-bound train attack victims, Malam Tukur Mamu, has said the kidnapped victims are in very bad condition.
In a statement to newsmen, Tukur Mamu also dismissed rumors that all the remaining kidnapped victims were released on Monday.

He called on President Muhammadu Buhari to intensify efforts to get the remaining victims out of captivity, disclosing that the rainy season has made life more difficult for the hostages.

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Mamu said: “This is to confirm without a doubt that the remaining 27 passengers of the train attack are still being held by their abductors, nearly five months after the unfortunate and preventable incident.

“Though I have disengaged myself from negotiating, anxious family members, pressmen and concerned Nigerians have been calling to confirm the veracity of the news while many others justifiably have been celebrating and even congratulating relatives of the innocent victims.

“While it is news we are all praying earnestly to hear, it is highly irresponsible for peddlers of fake news to circulate sensitive contents that are not only unverifiable and untrue but news items that will certainly trigger anxiety and concern among the family members of those that remain in captivity and millions of their well-wishers across the globe.

“The condition of the remaining victims is still very bad, many of them are sick, and the rainy season is affecting them so much. I urge President Muhammadu Buhari to intensify efforts in securing their release immediately as the situation remains highly unpredictable while the families of those that are still in the bush are incapacitated in whatever way to negotiate the safe release of their loved ones.”

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