The Corporate Affairs Commission (CAC) has withdrawn the registration certificate earlier issued to the National Youth Council of Nigeria (NYCN) over a prolonged leadership crisis affecting the council.
A statement signed by Director, Information and Public Relations of the Federal Ministry of Youth Development, Mrs Omolara Esan, announced the withdrawal of the registration certificate earlier issued to the National Youth Council of Nigeria on October 28, 2020.
She said, “According to the CAC’s correspondence, this action was taken pursuant to the powers conferred on the Commission under Sections 8(1)(c) and 8(1)(d) of the Companies and Allied Matters Act (CAMA), 2020, following a comprehensive investigation into the affairs of the Council, which has faced a prolonged leadership crisis spanning over eighteen (18) years.”
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“Upon a detailed review of the Council’s records and governance practices, the Corporate Affairs Commission found serial violations of both the NYCN Constitution and the provisions of CAMA 2020, particularly Sections 833 and 834. Consequently, the Commission has de-recognized all existing claims to leadership, trusteeship, and management within the organization.
“In line with its statutory powers, the Corporate Affairs Commission has constituted an Interim Management Committee (IMC) to oversee and manage the affairs of the Council for a period of one (1) year, effective October 6, 2025.
Esan noted that the ministry which is the supervisory authority over the Council and being a law-abiding institution, takes due cognizance of the development and acknowledges the legal authority of the Corporate Affairs Commission under the Companies and Allied Matters Act, 2020.
She urged all stakeholders, youth organizations, and partners of the Council to take due note of this development and to cooperate fully with the Interim Management Committee in the ongoing restructuring process as the exercise was aimed at restoring unity, legitimacy, and institutional integrity to the NYCN, in line with its founding ideals.
