CAC Sets December 1 Deadline for Insolvency Practitioners’ Accreditation Renewal and Mandatory Re‑Registration
The Corporate Affairs Commission (CAC) has set December 1, 2026, as the deadline for accredited insolvency practitioners to renew their accreditation, warning that failure to meet the deadline will result in automatic suspension and disqualification from handling insolvency assignments.
The commission said practitioners whose accreditation was due for renewal must complete the process on or before the stipulated date to remain eligible to undertake or continue insolvency-related assignments.
In a notice published on its official X account on Wednesday, the CAC said the directive was in line with Section 705 of the Companies and Allied Matters Act, 2020, and Regulation 1.07 of the Insolvency Regulations, 2022.
According to the commission, accreditation for insolvency practice is valid for three years and must be renewed upon expiration.
“All practitioners whose accreditation is due for renewal are required to renew on or before 1 December 2026, failing which their accreditation shall be automatically suspended, rendering them ineligible to undertake or continue insolvency assignments,” the notice stated.
The CAC also announced a mandatory re-registration exercise for all accredited insolvency practitioners, including those whose accreditation remains valid and has not expired.
The commission explained that the exercise was necessary to support its end-to-end automation process and update practitioners’ identification records in accordance with the National Identity Management Commission Act, 2026.
It further disclosed that practitioners who successfully complete the registration process would be issued new certificates with enhanced security features.
“Furthermore, in view of the Commission’s end-to-end automation and the need to update identification records in line with the NIMC Act, 2026, all accredited practitioners, including those with valid, unexpired accreditation, are required to re-register,” the notice stated.
The commission directed all affected practitioners to complete their renewal applications and re-registration online through its dedicated insolvency portal.
“All applications and re-registration must be completed online via https://insolvency.cac.gov.ng,” the commission said.
It urged practitioners to comply promptly with the directive to avoid disruptions to their professional activities.
Further information about the accreditation renewal and re-registration exercise is available on the commission’s official website at https://cac.gov.ng.
