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CAN Tells PMB to Suspend Implementation Of CAMA

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CAN Tells PMB to Suspend Implementation Of CAMA

CAN Tells PMB to Suspend Implementation Of CAMA

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

The suspension request was contained in an email statement forwarded
to Channels Television by the office of CAN’s President, Rev. Olasupo
Ayokunle.

The CAMA has generated controversy since it was signed into law by
President Muhammadu Buhari on August 7.

The Act has serious consequences for the functioning of nonprofits,
including churches, in the country, critics have said.

CAN, in its letter to Buhari 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 added.

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