CAC Warns Banks Over Inactive Firms, Hands 263 Companies To EFCC

Naijanews | 11-02-2026 03:53am |

The Corporate Affairs Commission (CAC) has warned commercial banks against allowing inactive and non-compliant companies to conduct financial transactions. The commission revealed that it recently forwarded 263 illegally registered firms to the Economic and Financial Crimes Commission (EFCC) for investigation and possible prosecution. Naija News reports that the Registrar-General and Chief Executive Officer of the

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