aasecretaries

21/07/2026

Is your company on the CAC strike-off list?

The time to act is now.

If your company has outstanding Annual Returns or statutory filings, regularise your records before the expiry of the compliance period.

Good governance begins with staying compliant.

17/07/2026

🚨 AVIEL REGULATORY ALERT

CAC Issues Notice of Intention to Strike Off 100,000 Companies

The Corporate Affairs Commission (CAC) has issued Batch 6 of its Notice of Intention to Strike Off Companies from the Register pursuant to Section 692(3) and (4) of the Companies and Allied Matters Act, 2020 (CAMA).

Affected companies have 90 days from 15 July 2026 to:

✅ File all outstanding Annual Returns.

✅ Update their Persons with Significant Control (PSC)/Beneficial Ownership information.

✅ Regularise their statutory records.

Companies that fail to comply within the prescribed period may be struck off the Register without further notice.

What should companies do now?

• Review your company’s compliance status.

• Check whether your company appears on the published list.

• Take immediate steps to regularise any outstanding filings within the prescribed timeline.

The CAC notice directs affected companies to check the CAC website for the published list. As at this morning, the published list was not accessible through the CAC website despite the public notice directing users to the site. Companies are encouraged to continue checking the CAC website for updates.

This publication is provided for general legal and compliance information only and does not constitute legal advice. Professional advice should be obtained before acting on any specific matter.

The AVIEL Legal & Compliance Desk is open today from 9:00 a.m. to 9:00 p.m.

Join the community to ask your legal and compliance questions:

🔗 https://chat.whatsapp.com/KVKn0XybBjD1I9gPEHdqYT?mode=gi_t

📞 0817 169 5516 | 0707 275 2983

16/07/2026

Yesterday, we asked:

When should a business start putting proper structures, policies and accountability in place?

Many business owners believe governance becomes important only after the business begins to grow, attracts investors or is required to comply with regulatory obligations.

The reality is different.

Good governance should begin from the day a business starts.

Governance is not about creating bureaucracy. It is about putting in place the structures, policies and accountability that enable a business to make sound decisions, manage risk and achieve sustainable growth.

Waiting until a crisis arises, an investor conducts due diligence or a regulator asks questions often means governance is being introduced too late.

Governance Takeaways

✓ Start governance before growth.

✓ Good structures reduce risk.

✓ Strong governance builds confidence with investors, lenders and business partners.

Governance Insight

Businesses do not become well governed because they become successful.

They become successful because they begin building good governance early.

🌐 AASECRETARIES.com.ng

📞 0707 275 2983

15/07/2026

🟠 Governance Reflection

When do you think a business should start putting proper structures, policies and accountability in place?

Many businesses wait until they begin to grow, attract investors or face regulatory requirements.
But is that the right approach?

💬 Share your answer in the comments. We’d love to hear your perspective.

Tomorrow, we’ll discuss the governance principle and the practical lessons every business owner should know.

🌐 aasecretaries.com.ng

📞 0707 275 2983

10/07/2026

LEGAL & COMPLIANCE UPDATE

CHECK YOUR COMPANY LETTERHEAD

The Corporate Affairs Commission (CAC) has announced that it will begin enforcing CAMA requirements relating to company business letters from 1 August 2026.

What does the law already require?

Where a company’s name appears on its business letters, CAMA requires the particulars of every director to be stated, including:

• Present forename or initials and surname
• Former forename and surname, where applicable
• Nationality, where the director is not Nigerian

A company’s registered name and RC number are also required on its business letters.

For example, a company letterhead may state:

ABC LIMITED | RC 1234567
Directors: A. Adeyemi | T. Okafor | Li Wei (Chinese)

Where a director has a former name, the applicable former forename and surname should also be stated.

What should companies do now?

Review your company letterhead and official business letter templates before 1 August 2026 and update them where necessary.

The requirement is not new. CAC has now announced full enforcement and sanctions for non-compliance.

This publication is provided for general legal and compliance information only and does not constitute legal advice.

For more legal and compliance insights:

🌐 aalawsng.com | aasecretaries.com.ng

📞 0901 901 1976 | 0707 275 2983

Join the Aviel Legal Desk to ask questions.

📲 Telegram: https://t.me/aviellegaldesk

💬 WhatsApp: https://chat.whatsapp.com/KVKn0XybBjD1I9gPEHdqYT?mode=gi_t

09/07/2026

What investors fund is rarely just the idea.

A great pitch may get you into the room, but investors are assessing much more than your presentation.

They're evaluating: ✔️ Your credibility ✔️ Your governance ✔️ Your documentation ✔️ Your response under pressure ✔️ Whether your business is truly investment-ready

Before due diligence begins, investors are already asking one question:

> "Can we trust this business?"

The strongest founders don't just prepare their pitch—they prepare their company.

The deck opens the door. Your conduct closes the deal.

Learn how to become FounderReady before your next investor conversation.

🌐 foundready.aasecretaries.com.ng

Have you ever seen a great business lose funding because of poor governance or weak documentation? Share your thoughts in the comments.

06/07/2026

03/07/2026

GOVERNANCE MATTERS SERIES | CURRENT AFFAIRS

46 Microfinance Banks. Some Governance Lessons.

On 1 July 2026, the Central Bank of Nigeria (CBN) revoked the operating licences of 46 Microfinance Banks.

This is more than a banking story. It is a governance story.

The CBN cited three key reasons:

• Insufficient assets to meet liabilities.
• Unauthorised closure of operations.
• Prolonged inactivity.

These are not merely regulatory findings. They may also point to deeper governance failures.

A well-governed board should identify financial distress before it becomes a crisis. It should ensure that management operates within regulatory limits and that significant operational decisions receive proper oversight.

For company secretaries, this is also an important reminder: one of the most valuable governance functions is providing early warning.

Unanswered regulatory correspondence, recurring audit findings, overdue filings, weak board documentation and management acting outside approved authority are all warning signs that deserve prompt attention.

The lesson is simple:

A licence is not the finish line. It is the beginning of continuous governance and compliance.

“Governance is not what prevents a regulator from visiting. It is what ensures that when they do, they find nothing to act on.”

Every board, regulated business, company secretary and founder should treat this development as an opportunity to review its governance systems before a regulator identifies the gaps.

The CBN has published the official press statement and full list of the 46 affected Microfinance Banks on its website.

This publication is provided for general legal and compliance information only and does not constitute legal advice.

For more legal and compliance insights:

🌐 aalawsng.com | aasecretaries.com.ng

📞 0901 901 1976 | 0707 275 2983

Join the Aviel Legal Desk to ask questions.

📲 Telegram: https://t.me/aviellegaldesk

💬 WhatsApp: https://chat.whatsapp.com/KVKn0XybBjD1I9gPEHdqYT?mode=gi_t

— AVIEL Team

01/07/2026

Business Continuity Series (Part 3)

A Will Is the Beginning, Not the End

In the previous article, we discussed why every business owner should have a Will. A properly drafted Will is an important part of succession planning because it allows you to determine how your assets, including your business interests, should be dealt with after your death.

However, for many businesses, a Will is only one part of the bigger picture.

Business continuity is not simply about who inherits the business. It is also about whether the business can continue operating smoothly when the owner is no longer available to make decisions.

For example:

• Who can access the company’s records?
• Who has authority to deal with regulators?
• Are there other directors who can continue managing the business?
• What happens if a shareholder dies?
• Does the business have governance structures to support continuity?

These are practical questions that a Will alone may not answer.

Depending on the nature of the business, entrepreneurs should also consider:

• A Shareholders’ Agreement.
• Succession planning for directors and key personnel.
• Up-to-date statutory registers and corporate records.
• Regular company secretarial compliance.

The objective is simple: to ensure the business remains stable, compliant and capable of operating even when unexpected events occur.

Protecting a business is not a single document. It is a process.

A Will protects your wishes.

Good corporate governance protects your business.

Together, they help protect the legacy you have worked so hard to build.

⸻

This publication is provided for general legal and compliance information only and does not constitute legal advice.

For more legal and compliance insights:

🌐 aalawsng.com | aasecretaries.com.ng

📞 0901 901 1976 | 0707 275 2983

Join the Aviel Legal Desk to ask your legal and compliance questions.

📲 Telegram: https://t.me/aviellegaldesk

💬 WhatsApp: https://chat.whatsapp.com/KVKn0XybBjD1I9gPEHdqYT?mode=gi_t

— AVIEL Team

01/07/2026