The Corporate Affairs Commission has denied allegations that it manipulated the records of DAAR Communications PLC following a recent cyberattack on its system.
The Commission disclosed this in a public notice shared on its X page on April 29, 2026.
The clarification comes amid reports suggesting that the cyber incident may have affected company data on the Commission’s portal.
The Commission described the allegation as false and misleading, insisting that no company data was altered or compromised.
The Commission emphasized that it had already taken steps to investigate the dispute in line with its statutory responsibilities.
According to the Commission, the ownership dispute involving DAAR Communications PLC dates back to 2024.
The Commission urged media organisations to adhere to professional standards by verifying information before publication, and stressed the importance of balanced reporting to avoid misinformation that could affect public trust and investor confidence.
DAAR Communications Plc and DAAR Investment & Holding Company Limited (DIHL) had earlier raised concerns over alleged fraudulent alterations of shareholding records on the CAC portal.
DAAR claimed that recent entries on the CAC portal reflect an increase in DIHL’s shareholding to 5,016,418,000 shares, representing an unexplained rise of over 125 million shares.
The company maintained that no share transfers, acquisitions, or board-approved changes were made to justify the adjustment.
The company further alleged that the Corporate Affairs Commission had not adequately addressed its complaints despite petitions submitted since October 2025, It claimed limited access to key records and audit trails, raising concerns about transparency.
Recent developments show that the Corporate Affairs Commission has been actively addressing system security and regulatory issues in Nigeria’s corporate space.
These developments highlight the Commission’s dual focus on improving digital security and expanding access to formal business registration in Nigeria.