Thursday, September 24, 2020

Why CAN wants Buhari to suspend CAMA (Read)

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Why CAN wants buhari to suspend CAMA (Read)

CAN 5ominds 5ominds

The Christian Association of Nigeria (CAN), has implored Mr. President Muhammadu buhari to issue directives to withhold the implementation of the Companies and Allied Matters Act (CAMA) 2020.

The Reverend, Samson Ayokunle President of CAN, made the call at a news conference on Tuesday in FCT.

if you could recall that the National Assembly passed the CAMA bill earlier this year and the president signed it into law on Aug. 7.

Ayokunle said that comments in the public domain were beginning to indicate that the Act was capable of further undermining the faith of stakeholders in the Nigerian state.

The CAN president, represented by, Rev. William Okoye, General Overseer, All Christians Fellowship Mission (ACFM), said that the association had not been availed with the authentic version of the Act.

”We consider the Act a complex of statecraft compendium, laden with issues inimical to peace and stability and overall wellbeing of the country.

”From the reactions of stakeholders and a cross-section of the people, it is apparent the Act either did not receive input from various interest groups or failed to accommodate their views.

”There is need for stakeholders to seek judicial intervention or amendment of the Act.

”We must allay stakeholders’ fears and encourage them to exercise their democratic rights, hoping that when citizens approach the state institutions they shall rise up to the challenge,” he said.

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‘The CAN president urged buhari to issue the appropriate directives to suspend the implementation of the Act based on stakeholders’ opinions and affirm a thorough reappraisal of the legislation.

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“The directive should be 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 people.”

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