The Christian Association of Nigeria on Tuesday asked President Muhammadu Buhari to suspend the implementation of the Companies and Allied Matters (CAMA) Act.
This was contained in a statement from the office of CAN’s President, Rev. Olasupo Ayokunle.
President Buhari signed the Act into law on August, and this has generated heated conversations and controversies among the religious leaders.
CAN in its letter to Buhari on Tuesday, said it has not received the full copy of the Act yet.
“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 chastised the Act for not receiving input from “various interest groups” or for failing “to accommodate their views.”
“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 ended.
READ CAN’S FULL STATEMENT:
President Muhammadu Buhari GCFR
State House
Abuja
Mr. President,
We respectfully acknowledge the invitation extended to us to make an input into the Companies and Allied Matters Act (CAMA), 2020 following the myriad of objections that attended the enactment of the Act.
While we sincerely appreciate the courtesy of your invitation, we are however constrained from doing so on the following grounds:
1. 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. 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.
2. From the reactions of stakeholders and a cross-section of the Nigerian-state, it is apparent that the Act either did not receive input from the respective various interest groups or failed to accommodate their views, sundry concerns and varying interests of the Nigerian people. Without prejudice to our observations, such a law ought to welcome and accommodate the sundry and varying interests of the Nigerian people.
3. 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.
4. The dominant schools of thought in the public domain, hold the view that should stakeholders of the Nigerian-state seek judicial intervention or amendment of the Act by the National Assembly, they shall achieve nothing much, as they consider such, as exercises in futility. We must allay their fears and encourage them to exercise their democratic rights in our participatory democracy; hoping that when citizens approach these state institutions, they shall rise up to the challenge.
Mr. President, from the foregoing, 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.
In order to participate actively in such an exercise, you may wish to kindly furnish us with an official version as assented by you. This will enable us do the due diligence required, please.
Once more, do accept the assurances of our esteemed consideration as we pray for the continued presence and Will of the Almighty God of all-creation by the Holy Spirit in Nigeria through Jesus Christ Our Lord, Savior, Redeemer and soon coming KING. (Amen)
