The Corporate Affairs Commission (CAC) has announced the resolution of a more than 20-year dispute between the Nigerian entities of global professional services firm KPMG. The settlement ends prolonged litigation that had strained relations between KPMG Professional Services and its Nigerian affiliates, commonly known as KPMG Audit, KPMG Tax Consultants, and KPMG Consulting.
According to a statement issued by the CAC management in Abuja on Thursday, the matter was pending before Nigeria’s Supreme Court under Appeal No: SC/CV/776/2025, with a related case active in the Federal High Court under Suit No: FHC/L/CS/2213/2025. The resolution follows direct statutory intervention by the CAC Registrar-General/CEO, Hussaini Magaji, executed under powers conferred by Section 8 of the Companies and Allied Matters Act (CAMA) 2020.
“Following engagements convened by the Commission, both parties reached a mutually acceptable settlement. They also agreed to withdraw all pending suits and appeals arising from the dispute,” the statement confirmed.
The dispute, rooted in complex corporate governance and operational disagreements, had become a notable feature in Nigeria’s legal landscape for two decades. Its resolution through administrative mediation, rather than a final judicial pronouncement, highlights an alternative dispute resolution pathway within the corporate sector.
The CAC framed the outcome as a victory for regulatory efficiency and business climate reform. It reiterated its commitment to maintaining a transparent, investor-friendly corporate registry system. By facilitating this settlement, the commission aims to strengthen corporate stability and enhance investor confidence in Nigeria’s business environment. The withdrawal of all related court cases removes a significant layer of legal uncertainty for the prominent professional services network operating in the country.
This intervention underscores the CAC’s proactive role under CAMA 2020 to resolve corporate deadlocks that impede business operations and market perception. For international and local observers, the case demonstrates a functional, if long-delayed, mechanism for settling entrenched corporate disputes through regulatory facilitation. The successful conclusion is expected to allow the KPMG entities in Nigeria to refocus on their core operations without the distraction of ongoing litigation, contributing to a more predictable operating environment for professional services in West Africa’s largest economy.
