The Corporate Affairs Commission (CAC) has dismissed allegations circulating on social media accusing it of illegally tampering with the records of an Abuja-based firm, Jonah Capital, described the claims as false, misleading and a deliberate act of blackmail.
In a public notice issued on December 13, 2025, the Commission said it had received numerous calls following reports suggesting that the National Assembly planned to probe the CAC Registrar,Ishaq Hussaini Magaji over the alleged manipulation of company records.
The Commission clarified that under the Companies and Allied Matters Act (CAMA) 2020, it is legally empowered to correct, rectify and regularise company records where illegality, falsification or non-compliance is established. It stressed that such actions are carried out lawfully, transparently and in real time.
According to the CAC, any intervention in company records followed strict due process, verifiable documentation and established audit trails, added that the Commission does not act arbitrarily or benefit from manipulating records.
The CAC further noted that where evidence shown that company records were illegally altered, fraudulently obtained or improperly maintained, it has a statutory duty to correct such anomalies in order to protect investors, creditors and the integrity of Nigeria’s corporate registry.
Reaffirming its mandate, the Commission said baseless allegations would not deter it from carrying out its regulatory responsibilities, while restating its commitment to transparency, accountability and the protection of Nigeria’s business environment.
