The Corporate Affairs Commission (CAC) has denied allegations that it manipulated the corporate records of DAAR Communications PLC following a recent cyberattack on its digital system.
The Commission made the clarification in a public notice shared on its official X account on April 29, 2026, describing the claims as false and misleading.
CAC said the integrity of all company records on its portal remains intact, insisting that no data was altered, tampered with, or compromised despite the reported cyber incident.
“The allegation is false and misleading. No data of any company was manipulated, tampered with, or altered,” the Commission stated, adding that its systems remain secure and fully protected.
The regulator also noted that an ongoing ownership dispute involving DAAR Communications predates the cyberattack, stressing that the matter has been under regulatory review since 2024.
According to CAC, it had already received formal complaints from shareholders and initiated investigations in line with its statutory responsibilities. It added that parties involved in the dispute were invited for arbitration earlier in 2026.
The clarification follows claims by DAAR Communications and DAAR Investment & Holding Company Limited (DIHL), which alleged irregularities in shareholding records on the CAC portal.
The company, chaired by Raymond Dokpesi Jr., said its verified 2024 filings showed DIHL holding 61.13% of shares, but alleged that recent portal entries reflected an unexplained increase of over 125 million shares.
DAAR insisted that no share transfers or board-approved changes had been made to justify the adjustment and called for a forensic investigation into the registry system.
The company also claimed that its petitions since October 2025 had not been adequately addressed and raised concerns about limited access to audit trails and corporate records.
In response, CAC urged media organisations to verify information before publication and maintain professional standards to prevent misinformation that could affect investor confidence and public trust.
The Commission also confirmed that it is strengthening its digital infrastructure following recent security concerns, including a reported system breach that prompted users to update their credentials.
These developments highlight growing scrutiny around corporate data integrity and cybersecurity within Nigeria’s business registration ecosystem.
