CAC puts Doman Engineering under caveat during ownership probe
The Corporate Affairs Commission (CAC) announced on Tuesday, September 8, 2026 that it is investigating the ownership, membership and management of Doman Engineering Company Limited and has placed the firm under a caveat. The commission made the disclosure via a statement on X, citing its powers under sections 8(1)(c), 358(2) and 369(1) & (2) of the Companies and Allied Matters Act (CAMA), 2020. A caveat is a regulatory notice that prevents any alterations to the company's records, such as changes in directors, shareholding or registered address, without CAC's approval.
As a result of the investigation, CAC has advised all parties to desist from any actions that could be construed as self-help while the court cases FHC/LAG/CS/1203/2026 and FHC/ABJ/PET/17/2026 remain pending. The commission warned that it will not recognise changes made in contempt of its directives or the ongoing lawsuits. The restriction aims to preserve the status quo while the investigation proceeds and to avoid prejudicing any potential legal outcomes.
Parties are urged to cooperate with the team of inspectors appointed to investigate the company and to allow the judicial process to run its course. Investors, employees and other stakeholders should monitor the outcome, as the caveat restricts unilateral changes to the company's structure or management until the investigation concludes. Stakeholders are advised to refrain from making any unilateral decisions regarding the company's affairs until the investigation is completed and the caveat lifted. The move could affect the company's ability to raise capital or enter into contracts during the investigation period.