The Christian Association of Nigeria on Monday submitted its position paper on the Companies and Allied Matters Act, 2020, to the President, Major General Muhammadu Buhari , demanding the suspension o
f the implementation of the controversial law.
The letter signed by CAN President, Samson Ayokunle, was delivered by a former Chaplain of Aso Villa Chapel, William Okoye. The letter partly read, “We respectfully acknowledge the invitation extended to us to make an input into the Companies and Allied Matters Act, 2020 following the myriad of objections that attended the enactment of the Act.
We are yet to be availed with the authentic version of the voluminous Act, made up of 870 sections besides the sundry and complex schedules and addendum.“Furthermore, we are mindful that comments in public domain are beginning to indicate that CAMA, 2020 has the potential that can further undermine the faith of stakeholders in the Nigerian-state. The reactions from public officeholders have not helped matters because they are binary in perspective and pander towards a fait accompli.
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