News
CAC says company records remain secure after cyber incident, denies data compromise – Technology Times
The Corporate Affairs Commission (CAC) says no company data was compromised following a recent cyberattack on its digital portal, rejecting allegations that records of DAAR Communications PLC were manipulated as “false and misleading.”
The Commission says its database remains fully secure and that the integrity of all company records on its portal has not been affected. It states that “no data of any company was manipulated, tampered with, or altered as a result of that incident,” adding that “the integrity of all records on our portal remains intact, secure, and fully protected.”
The clarification follows public attention surrounding DAAR Communications PLC, which the CAC says is unrelated to the cyber incident. According to the Commission, the matter stems from an ongoing ownership dispute that dates back to 2024.
It explains that “shareholders of DAAR Communications PLC have been in dispute over the ownership structure of the company since 2024, as evidenced by a formal complaint submitted to the Commission by one of the shareholders.” The CAC adds that it has invoked its statutory powers to examine the matter and has invited the parties for arbitration proceedings.
It explains that “shareholders of DAAR Communications PLC have been in dispute over the ownership structure of the company since 2024, as evidenced by a formal complaint submitted to the Commission by one of the shareholders.” The CAC adds that it has invoked its statutory powers to examine the matter and has invited the parties for arbitration proceedings.
CAC cyber incident triggers scrutiny
The CAC had earlier confirmed a cybersecurity incident involving unauthorised access to parts of its digital systems. It says it activated containment measures immediately and that its technical teams commenced a review of the situation.
While maintaining that the breach did not affect the integrity of company records, the incident has drawn public attention to the security of sensitive business data stored on government digital platforms.
The CAC’s database holds incorporation details, ownership structures, and statutory filings for companies operating in Nigeria, positioning it as a critical component of the country’s corporate governance framework.
Following the incident, attention has also shifted to the resilience of Nigeria’s digital regulatory infrastructure as public institutions continue to digitise essential services.
At the centre of the controversy is the ownership dispute involving DAAR Communications PLC. The CAC says the dispute predates the cyber incident and was formally brought before the Commission by one of the shareholders.
The Commission notes that it has engaged both parties in arbitration as part of its dispute resolution mandate and reiterates that the ongoing process is separate from any system security issues.
It also restates that reports suggesting manipulation of registry records as a result of the cyber incident are inaccurate and should be disregarded.
The Commission urges media organisations to ensure accuracy in their reporting and to verify information with relevant authorities before publication.
It warns that publishing unverified claims could create unnecessary panic and undermine public confidence in Nigeria’s corporate registry system.
The CAC says it remains committed to safeguarding its database, strengthening its systems, and ensuring the reliability of its services to businesses and the public.
Stay ahead with real-time reports, breaking news, and exclusive insights delivered directly to your phone. Don’t settle for outdated information. Join TECHNOLOGYTIMES NEWS on WhatsApp for 24/7 updates.
Join Our Whatsapp Channel
Jide-Ojo Jide Olusola, SA Media to the Senior Special Assistant to the President on Grassroots Sports Development, Hon. Adeboye Anthony Adeyinka, has been named among the speakers for the Year of Return Africa (YORA) Summit & Expo 2026 holding in Nairobi, Kenya.
Jide-Ojo, Founder/CEO of 247SportsNetwork Limited, publishers of Sports247.ng, will join leading African business executives, investors, innovators and industry stakeholders at the summit scheduled for October 13–14 at Broadwalk Mall, Westlands, Nairobi.
The veteran media executive, who has accumulated over 30 years of experience in the media industry, will participate in the summit’s sport business segment on October 14, bringing perspectives from sports journalism, grassroots development, strategic communications, partnerships and the commercialisation of African sport.
Jide-Ojo joins a diverse speakers’ lineup that includes Blue Mahoe Capital Chairman and CEO David Mullings, Kenya Film Commission Board Chairman Sudi Wandabusi, Capital Markets Authority Blockchain and Fintech Analyst James Hillary Obonyo, Emmppek Group Chairman Emmanuel Audu-Ohwavborua, and B|E Strategy Founder and Chief Strategist Charles Ellison, among others.
The summit, themed “Fueling the Future: Unlocking Africa’s Entrepreneurial Potential,” will examine investment, innovation, technology, entrepreneurship and opportunities within Africa’s creative economy.
A major focus of the sport business conversation will be the monetisation of Africa’s sports, media and entertainment industry, including how the continent can transform its enormous sporting talent, passionate audiences and compelling stories into sustainable commercial opportunities.
Through Sports247 and his current media role supporting the Presidency’s grassroots sports development agenda, Jide-Ojo has consistently promoted emerging athletes, grassroots competitions and initiatives aimed at creating greater visibility and opportunities within Nigeria’s sports ecosystem.
His contribution in Nairobi is expected to highlight the increasingly important role of media, digital storytelling, athlete branding, sponsorship and strategic partnerships in building commercially sustainable African sports properties.
The Nairobi platform will also provide an opportunity to share Nigeria’s grassroots sports experience while strengthening connections between sport, media, investment and business across Africa.
Following the Nairobi programme, YORA activities will continue in Kilifi, Kenya, from October 16–17.
YORA Summit & EXPO Kenya, 2026 is a three-day event including YORA Awards taking place from 12th – 17th Nairobi | Kilifi, Kenya
-
Health3 days agoPlateau: Medical Women Association of Nigeria Marks Older Persons Day with Free Outreach
-
News4 days ago
PLASU Opens Doors to Global Investors at 2nd Inaugural Lecture
-
News3 days ago
MTN, Gates Foundation drive $25m AI digital health plan in Nigeria – Technology Times
-
News3 days ago
WAEC appoints Nigeria’s Dangut as Registrar, CEO
