The Corporate Affairs Commission (CAC) of Nigeria has issued a public warning against conducting business with approximately 15 unregistered companies operating with fake registration numbers across the country. In a recent notice, the CAC advised the public to exercise caution when dealing with individuals or organizations using the listed names, as they may be involved in suspicious business operations.
The CAC periodically publishes compliance alerts, but this particular notice was prompted by an increase in public complaints about dubious business activities. The list of unregistered companies includes Famas Services Nigeria Limited, Promo Dutch Investment Limited, and Dialack Concept Nig. Ltd, among others. These entities have been found to be using fake registration numbers, such as RC 216312 and BN 373466.
To protect themselves from potential scams, the CAC urges Nigerians and businesses to verify the details of any entity before committing to a transaction. This can be done by checking company names and registration numbers using the CAC’s online verification portal, requesting incorporation documents for sensitive or high-value transactions, and avoiding payments to unverifiable entities. Additionally, the public is encouraged to report suspicious corporate identities to the CAC or relevant law enforcement agencies.
The CAC’s warning is a timely reminder of the importance of due diligence in business transactions. With the rise of online scams and fake companies, it is essential for individuals and businesses to be vigilant and take necessary precautions to protect themselves. By verifying the authenticity of companies and reporting suspicious activities, the public can help prevent fraudulent activities and promote a safer business environment.
The CAC’s efforts to combat unregistered companies and fake registration numbers are part of a broader initiative to promote transparency and accountability in the business sector. As Nigeria continues to grow and develop its economy, it is crucial that regulatory bodies like the CAC remain proactive in protecting the public and maintaining the integrity of the business environment. By taking these steps, Nigeria can foster a more secure and trustworthy business climate, attractive to both domestic and international investors.
