CAC sets December 1 deadline for insolvency practitioners’ accreditation renewal

The Corporate Affairs Commission (CAC) in Nigeria has announced a December 1, 2026, deadline for accredited insolvency practitioners to renew their accreditation, with non-compliance leading to automatic suspension and ineligibility to undertake insolvency assignments. This directive aligns with Section 705 of the Companies and Allied Matters Act, 2020, and Regulation 1.07 of the Insolvency Regulations, 2022.

In addition, all accredited practitioners must re-register by the same deadline to support the CAC's end-to-end automation process and update identification records in line with the National Identity Management Commission Act, 2026. Practitioners will receive new certificates with enhanced security features upon successful registration.

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