CAC denies illegal alteration of DAAR Communications

The Corporate Affairs Commission (CAC) has officially debunked claims that the corporate records of DAAR Communications PLC were manipulated or altered on its portal. 

In a public notice released on April 29, 2026, the Commission addressed an online publication alleging that records belonging to the media giant had been compromised following a recent cyberattack on the CAC system. 

The regulator described the allegations as false and misleading, asserting that the integrity of its database remains fully intact. 

“No data of any company was manipulated, tampered with, or altered as a result of that incident. The integrity of all records on our portal remains secure and fully protected,” the statement read. 

The Commission further clarified that while there are indeed issues surrounding DAAR Communications PLC, they are administrative rather than technical. 

According to the CAC, shareholders of the company have been embroiled in a dispute over its ownership structure since 2024. 

This internal conflict became a matter of regulatory concern after a shareholder filed a formal complaint. 

In response, the Commission invoked its statutory powers to investigate the matter. As part of this process, the involved parties were invited to the Commission earlier this year for arbitration proceedings. 

The CAC’s clarification comes amid heightened sensitivity regarding digital security in Nigeria. 

Earlier this month, reports emerged of a cybersecurity breach affecting aspects of the Commission’s internal systems, leading to a temporary suspension of the registration portal for maintenance between April 17 and April 20, 2026. 

In view of these events, the Commission urged media organizations to uphold professional ethics. It emphasized the need for balanced reporting and encouraged journalists to verify facts with relevant authorities before publishing information that could mislead the public or cause undue panic within the investment community.