The Corporate Affairs Commission has denied allegations that the records of DAAR Communications PLC on its portal were manipulated following a recent cyberattack on its system.
The Commission, in a public notice issued on Wednesday, April 29, 2026, described the allegation as false and misleading, insisting that no company’s data was compromised, manipulated, tampered with or altered as a result of the incident.
The clarification followed reports suggesting that the ownership records of DAAR Communications PLC on the CAC portal may have been affected by the recent cyberattack on the Commission’s database.
Reacting to the allegation, the CAC said the integrity of records on its portal remains intact, secure and fully protected.
“The attention of the Corporate Affairs Commission has been drawn to an online publication alleging manipulation of the records of DAAR Communications PLC on the Commission’s portal, purportedly as a result of the recent cyberattack on our system,” the statement read.
“The allegation is false and misleading. No data of any company was manipulated, tampered with, or altered.
“The integrity of all records on our portal remains intact, secure, and fully protected.”
The Commission explained that the issue involving DAAR Communications PLC was not connected to the cyberattack but to an existing dispute among shareholders over the company’s ownership structure.
According to the CAC, shareholders of DAAR Communications PLC have been in dispute over the ownership structure of the company since 2024, and the matter had already been brought before the Commission through a formal complaint by one of the shareholders.
The Commission said it had since taken steps to investigate the dispute in line with its statutory responsibilities and had invited all parties for arbitration earlier in 2026.
It stressed that the ongoing disagreement among shareholders should not be misrepresented as a consequence of the recent cyber incident on its portal.
The CAC stated that it remained committed to carrying out its regulatory functions in accordance with the law and protecting the integrity of company records under its custody.
The Commission also urged media organisations to verify facts with relevant authorities before publication and avoid reports capable of misleading the public or undermining investor confidence.
“In view of the above, we urge media organizations to uphold the ethics of professional journalism by ensuring balanced reporting, verifying facts with relevant authorities before publication, and refraining from disseminating misleading information,” the Commission stated.
The clarification comes after the CAC recently confirmed that its database had been hacked, leading to the temporary suspension of company registration services.
Despite the breach, the Commission maintained that company records were not altered and that the data of Nigerian companies on its portal remained secure.
The denial also comes amid claims by DAAR Communications PLC and DAAR Investment & Holding Company Limited over alleged irregularities in shareholding records on the CAC portal.
DAAR Communications had reportedly raised concerns over what it described as fraudulent alterations of its shareholding records, demanding an immediate forensic investigation into the alleged irregularities.
In a statement signed by its Chairman, Raymond Dokpesi Jr., the company reportedly claimed that its verified 2024 records showed DAAR Investment & Holding Company Limited holding 4,890,523,000 shares, representing 61.13 per cent of the company’s shares.
The company alleged that recent entries on the CAC portal reflected an increase in DIHL’s shareholding to 5,016,418,000 shares, an unexplained rise of over 125 million shares.
DAAR maintained that there had been no transfer of shares, additional acquisitions or board-approved changes to justify the adjustment.
“No transfer of shares, no additional acquisitions, and no board-approved changes have taken place. Any data deviating from the 2024 filings is a fraudulent fabrication,” the company was quoted as saying.
The company further alleged that the CAC had not adequately addressed its complaints despite petitions submitted since October 2025, while also raising concerns over limited access to key records and audit trails.
However, the CAC rejected any suggestion that its system breach led to the alleged changes, insisting that the ownership dispute predated the recent cyberattack and was already under regulatory consideration.
The Commission said it had exercised its statutory powers to intervene in the matter and urged the public to distinguish between the ongoing shareholder dispute and the cyber incident.
