Revoke KPMG Professional Service Registration, Appeal Court Orders CAC

The Court of Appeal in Lagos has directed the Corporate Affairs Commission (CAC) to revoke the certificate of registration issued to ‘KPMG Professional Services.’ In a unanimous decision delivered on Thursday, the appellate court granted the reliefs sought by KPMG Nigeria in its suit against the CAC and KPMG Professional Services. The lead judgment was delivered by Justice Abdullahi Mahmud Bayero, with Justices Abimbola Obaseki-Adejumo and A.M. Talba concurring. In 2002, CAC registered KPMG Professional Services as a corporate entity, despite the prior existence of KPMG Nigeria, which encompasses KPMG…

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