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ILLICIT FUNDS: CAC MOVES TO UNCOVER REAL OWNERS BEHIND NIGERIAN COMPANIES

ByIsaaczico News

September 16, 2026
The Corporate Affairs Commission (CAC) has announced plans to identify the individuals who ultimately own or control companies registered in Nigeria.

CAC Registrar-General, Hussaini Ishaq Magaji, disclosed this during an engagement with journalists on Tuesday in Abuja.

Magaji explained that while companies have legally registered owners, there are often individuals who stand behind the corporate structures.

He said there was an urgent need to identify the real human beings behind corporate entities under the commission’s beneficial ownership disclosure framework.

The initiative is expected to provide greater transparency around company ownership and help relevant authorities identify the individuals controlling corporate entities.

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