The Corporate Affairs Commission (CAC) has directed all accredited insolvency practitioners in Nigeria to renew their accreditation and complete mandatory re-registration on or before December 1, 2026, warning that failure to comply will result in automatic suspension.
The commission announced this in a public notice dated October 14, 2026, titled “Mandatory Renewal and Re-registration of Accreditation for Insolvency Practice.”
According to the notice, the directive is in line with Section 705 of the Companies and Allied Matters Act (CAMA), 2020, and Regulation 1.07 of the Insolvency Regulations, 2022, which provide that accreditation remains valid for three years and is subject to renewal upon expiration.
The CAC warned that practitioners whose accreditation is due for renewal must complete the process by the stipulated deadline, adding that failure to do so would render them ineligible to undertake new insolvency assignments or continue existing ones.
The commission also directed all accredited practitioners, including those whose accreditation certificates remain valid, to re-register as part of efforts to update identification records in line with the Nigeria Immigration Management Commission (NIMC) Act, 2026, as stated in the notice.
It said new certificates featuring enhanced security features would be issued to practitioners upon successful completion of the re-registration process.
The commission explained that the exercise was also necessitated by its transition to end-to-end automation, which requires updated and standardised identification records for accredited practitioners.
It directed affected practitioners to submit their applications and complete the re-registration process online through its insolvency portal at https://insolvency.cac.gov.ng.
Further information on the exercise is available on the commission’s official website, www.cac.gov.ng.
The CAC urged all affected practitioners to comply promptly with the directive to avoid disruptions to their professional practice.
