The Corporate Affairs Commission (CAC) has issued a stern public alert, exposing a list of fifteen fraudulent companies operating with fake identities across Nigeria. The commission raised the alarm after discovering these entities were using forged registration details to pose as legitimate businesses and dupe unsuspecting Nigerians.
CAC Flags 15 Fraudulent Entities: The Full List
In a notice released on its official X platform, the CAC warned individuals, investors, and other businesses to exercise extreme caution. The commission confirmed that the named companies have no legitimate records within its official database. The Registrar-General of the CAC, Hussaini Ishaq Magaji, is leading the crackdown on these illegal operations.
The list of companies flagged by the CAC includes:
- Famas Services Nigeria Limited
- Promo Dutch Investment Limited
- Dialack Concept Nig. Ltd
- Purpleheart Construction and Real Estate Management Company Limited
- M/S Loktu Enterprises
- Loktu Enterprises
- Badatoyak Ltd
- Johnson Nats Limited
- Peoples Club Nigeria International
- Jiba Enterprise
- Civil Engineering Solutions Nigeria Limited
- Gabdoff Hotel Ltd
- Amoka Group
- BEEC Nigeria Limited
- S. Adetunji
The commission stated that operators behind these names rely on forged RC numbers, fake invoices, and manipulated documents to create a false aura of legitimacy for their schemes.
Public Urged to Verify Before Any Transaction
The CAC emphasized that the surge in fake corporate identities poses a serious threat to financial safety and business integrity in the country. It urged all Nigerians to always verify a company's details through the CAC's official online portal before entering into any financial commitment, especially for high-value transactions.
The commission encouraged the public to report any suspicious corporate profiles directly to the CAC or relevant security agencies. It noted that fraudsters often target victims who fail to conduct proper due diligence.
According to the CAC, any transaction conducted with an unregistered or delisted company carries no legal protection, as such entities lack legitimate corporate status.
Part of a Wider Crackdown on Illegal Businesses
This latest alert is part of the commission's sustained effort to sanitize Nigeria's corporate landscape. It comes months after the CAC uncovered and delisted 247 companies that were using false registration numbers.
Furthermore, the commission has intensified its enforcement of the Companies and Allied Matters Act (CAMA) 2020 this year. It is systematically delisting firms that fail to file annual returns or update details of Persons with Significant Control within stipulated timelines.
In a related development, the CAC had earlier announced plans to clamp down on all businesses operating without proper registration. In a notice issued on Tuesday, April 29, 2025, it warned that carrying on business without registering under CAMA 2020 is a criminal offence under Section 863 of the Act. Violators were given a six-week ultimatum to comply or risk arrest and prosecution.
The Corporate Affairs Commission maintains that public vigilance and verification of company details remain the strongest safeguards against corporate fraud in Nigeria.
