Suspend Implementation Of CAMA,CAN Tells Buhari

Suspend Implementation Of CAMA,CAN Tells Buhari

- in News

The Christian Association of Nigeria on Tuesday called on President Muhammadu Buhari to suspend the implementation of the Companies and Allied Matters Act (CAMA).

CAN, in its letter to the President on Tuesday, said it is yet to view a full copy of the Act.

“We consider the Act, as indeed, a complex of statecraft compendium, laden with issues that are grossly inimical to national interest, security (- peace and stability), and overall wellbeing of the Nigerian-state,” the statement said.

CAN vilified the Act for not receiving input from “various interest groups” or for failing “to accommodate their views.”

It also suggested there was no point in seeking “judicial intervention or amendment of the Act by the National Assembly” as such “shall achieve nothing much.”

“Mr. President . . . we are of the opinion that you should kindly issue the appropriate directives to suspend the implementation of CAMA 2020 and affirm a thorough reappraisal of the legislation that is in correlation with the provisions of the 1999 Constitution of Nigeria (as amended), other extant legal and policy frameworks, the national economy, national security, national interest and the wellbeing of the Nigerian-state,” the CAN statement ended.

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