On 7th August 2020 Nigeria’s President, Muhammadu Buhari assented to the Companies and Allied Matters Act, 2020. The Act replaced the existing Companies and Allied Matters Act, 1990. The latter was quite dated and needed to be overhauled. It’s been opined in several quarters, that the new legislation addresses several short comings in the previous legislation, which had been in existence for 30 years. However, it is also true, that the legislation contains several provisions in Part F of the Act, dealing with “Incorporated Trustees”, that if left intact/unchallenged, could contradict constitutional provisions of fundamental rights, and be utilized by the government to obliterate civil society organizations.
As part of our advocacy, we are facilitating and disseminating detailed analyses of the sections of the amended CAMA, built scenarios of their impacts on Nigeria’s civic space, citizens, civil society organizations with the end aim that they will prime citizens and civil society organizations to demand for the protection of their critical space by litigating the law; and that the judiciary will be enthused to actively oppose them. This will in turn catalyse a stronger democracy and good governance in Nigeria.
See articles by the contributors published in the national dailies;
Legal Analysis of Section 850 Of the Companies and Allied Matters Act (CAMA) 2020
Written By FRIDAY OKPANACHI EKPA
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