Corporate Affairs Commission of Nigeria

The Corporate Affairs Commission (CAC) of Nigeria was established in 1990 vide Companies and Allied Matters Act no 1 (CAMA) 1990 as amended, now on Act cap C20 Laws of Federation of Nigeria. Its establishment, structure, and funding are now governed by the Companies and Allied Matters Act 2020. It is an autonomous body charged with the responsibility to regulate the formation and management of companies in Nigeria.

It carries out its functions through accredited members of Association of National Accountants of Nigeria, Institute of Chartered Accountants of Nigeria, Institute of Chartered Secretaries and Administrators of Nigeria (ICSAN), and the Nigerian Bar Association (NBA).

It is headed by a Registrar-General. Prior to the enactment of CAMA, these activities were carried on under the Companies Act 1968. (CA 1948).

Membership of the commission is made up of 9 members each representing the respective stakeholders, the board members are:

1. The chairman – The chairman is appointed by the president of the Federal Republic of Nigeria.
2. The Registrar-General/CEO.
3. The representative of the Manufacturers Association of Nigeria (MAN).
4. The representative of the Institute of Chartered Accountants of Nigeria (ICAN).
5. The representative of the Nigerian Bar Association (NBA).
6. The representative of the Nigerian Association of Chambers of Commerce, Industry Mines and Agriculture (NACCIMA).
7. The representative of the Federal Ministry of Industry, Trade, and Investment (FMITI).
8. The representative of the Securities & Exchange Commission (SEC).
9. The representative of the Federal Ministry of Justice.