The Corporate Affairs Commission (CAC) has given registered companies till March 31 to validate their bank accounts or get sanctioned.
Its Registrar General, Garba Abubakar vowed firms who have refused to validate their accounts will not be accredited and would have to go through a rigorous process of revalidation, after April 1.
Abubakar told reporters, at a press conference in Abuja, Where he stated the needs by firms to update their information as the commission is considering an amnesty for a certain number of years on annual return filings, even though the details have not been completely worked out.
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