The Corporate Affairs Commission has issued a public warning advising Nigerians to avoid dealing with certain entities whose names and registration numbers do not appear in the official companies register. The commission released the notice across its social media platforms, stressing that several organizations are parading registration details that cannot be found in its records. It explained that these companies and business names claim to operate legitimately but are not recognised under the national database that validates corporate identities.
The statement notes that multiple entities have been flagged for presenting registration numbers that do not correspond with any record on the commission’s platform. The warning reinforces long-standing concerns about rising fraudulent activities disguised as legitimate businesses, especially as more Nigerians transact online and across informal markets. The commission added that the publication forms part of its statutory duty to maintain an accurate register and protect citizens, investors, and the wider business environment from deception. It stressed that any organisation not found in its records should be considered unsafe for transactions.
The advisory carries significant implications for small business owners, entrepreneurs, and job seekers who rely heavily on partnerships, contract work, and online engagements. Many MSMEs continue to fall victim to fraud due to inadequate verification processes, limited corporate governance knowledge, and an increasing number of scammers using fabricated company profiles to build trust. The commission urged the public to confirm the status of any company or business name directly through its official portal before entering into agreements or making payments. This verification, according to the commission, is essential for securing business operations and reducing financial losses that weaken the growth of small enterprises.
The notice emphasised that the commission remains committed to enforcing compliance with the Companies and Allied Matters Act, maintaining a transparent system, and strengthening the integrity of Nigeria’s business environment. It noted that its mandate since its establishment has been to register companies, maintain accurate records across states, and ensure that organisations operating in the country adhere to regulatory standards.
By urging Nigerians to stay vigilant, the commission aims to minimise the spread of fraudulent business identities while safeguarding the interests of genuine entrepreneurs whose credibility is often affected by the actions of fake entities.
