September 22, 2020
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CAMA 2020

Nigeria debunk discrimination claims on new companies Act

By on September 1, 2020 1 52 Views

The federal government on Tuesday said the speculations that the Companies and Allied Matters Act (CAMA) 2020 was targeted at churches, mosques and other religious bodies were untrue.

According to presidential aides on Niger Delta Affairs, Ita Enang, misconceptions have enveloped the Act with deliberate misinformation and falsehood by some element in the society.
Enang, spoke while at the secretariat of the Christain Association of Nigeria (CAN) in Abuja, where he received the position paper of CAN on behalf of President Muhammadu Buhari.

Foreign Exchange

“Misconceptions have enveloped this Act with deliberate misinformation and falsehood by persons who may not have fully and in-fact personally read and digested the provision of the Act. We consider it appropriate and responsible to appear before you and other fora to make these explanations.

“We want to declare as a fact, that the Act does not target churches or religious bodies as wrongly assumed. For an illustration of this, I present a tabular form of the provisions of the 1990 Act which came into force on January 2, 1990, which after more than 30 years of operation has now been repealed and replaced by CAMA 2020.

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“Hereunder are the comparative provisions in the two enactments to show particularly that the 2020 Act assented to by President Muhammadu Buhari has not introduced any matter oppressive to the Christian Community or any religion nor any matter discriminatory against any class of persons in Nigeria.”

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