The Corporate Affairs Commission has given accredited insolvency practitioners until 1 December 2026 to renew their accreditation, warning that those who do not will be automatically suspended and will become ineligible to undertake or continue insolvency assignments.
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In the same notice, the Commission has required every accredited practitioner to re-register, including those whose accreditation has not expired.
The notice is headed “Public Notice: Mandatory Renewal and Re-Registration of Accreditation for Insolvency Practice”, carries the deadline 1 December 2026, is signed by Management, Corporate Affairs Commission, and is dated 14 October 2026. It is issued from the Commission’s head office at Plot 420, Tigris Crescent, off Aguiyi Ironsi Street, Maitama District, Abuja.
“The Corporate Affairs Commission (CAC) hereby notifies all accredited Insolvency Practitioners that, pursuant to Section 705 of the Companies and Allied Matters Act (CAMA), 2020, and Regulation 1.07 of the Insolvency Regulations, 2022, accreditation is valid for three (3) years and subject to renewal 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.”
“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. New certificates incorporating enhanced security features will be issued upon successful registration.”
“All applications and re-registration must be completed online via https://insolvency.cac.gov.ng. Further information is available at www.cac.gov.ng.“
“All affected practitioners are advised to comply promptly to avoid disruption to their professional practice,” the Commission said.
However, some lawyers have criticised the notice period, arguing that the window from October 14 to December 1, 2026 about 48 days, or one month and 17 days is too short for a mandatory re-registration exercise carrying the consequence of automatic suspension. They also accused the SAN-led Commission of frequently introducing major regulatory changes in haste without allowing sufficient time for affected professionals to adjust.
While a 48-day notice period may not, by itself, automatically render the exercise unreasonable, the development has raised a more fundamental legal question: whether the CAC can suspend practitioners whose existing three-year accreditation has not expired merely because they fail to comply with a newly introduced re-registration requirement, and what specific statutory or regulatory provision authorises such suspension.
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