The Corporate Affairs Commission (CAC): Functions, Powers, and Legal Status
Every business in Nigeria, whether a small sole proprietorship operating a provision store in Onitsha or a multinational company listed on the Nigerian Exchange Group, must pass through the same door before it can be said to exist in the eyes of the law. That door is the Corporate Affairs Commission. It is impossible to study Nigerian company law seriously without understanding what the CAC is, what it does, how it is constituted, and what powers it wields. This article addresses each of those questions in turn. The Establishment of the CAC Before 1990, the registration and administration of companies in Nigeria...
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