CAN Calls On Buhari To Suspend CAMA Implementation

“From the reactions of the stakeholders and a cross-section of the people, it is apparent the Act either did not receive input from various interest groups or failed to accommodate their views.

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CAN Calls On Buhari To Suspend CAMA Implementation-SurgeZirc ng
CAN President, Rev Samson Ayokunle and President Muhammadu Buhari/Photo file: Newswire Law and Events

The Christian Association of Nigeria (CAN) President, Rev Samson Ayokunle has urged President Muhammadu Buhari on Tuesday at a press briefing, to suspend the implementation of the Companies and Allied Matters Act (CAMA) 2020.

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It would be recalled that the National Assembly approved the CAMA bill earlier this year and the president signed it into law on August 7. The CAN president said the remarks in the public were starting to indicate that the Act was capable of further discouraging the devotion of stakeholders in the Nigerian state.

Ayokunle also noted that the association had not been availed with the reliable version of the Act. “We consider the Act a complex of statecraft compendium, laden with issues inimical to peace and stability and overall wellbeing of the country.

“From the reactions of the stakeholders and a cross-section of the people, it is apparent the Act either did not receive input from various interest groups or failed to accommodate their views.

“There is a need for stakeholders to seek judicial intervention or amendment of the Act. We must allay stakeholders’ fears and encourage them to exercise their democratic rights, hoping that when citizens approach the state institutions they shall rise up to the challenge,” he said.

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Consequently, the CAN president called on Buhari to issue the applicable orders to suspend the implementation of the Act based on stakeholders’ sentiments and sustain review of the law.

He further stated that the command should correspond with the requirements of the 1999 Constitution of Nigeria (as amended), other existing legitimate and strategy frameworks, the national economy, national security, national interest, and the wellbeing of the people.

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