The Socio-economic Rights and Accountability Project (SERAP) has, again, described the new Companies and Allied Matters Act (CAMA 2020) as the most draconian law ever, and urged the National Assembly to throw it over board, as it has nothing good to offer Nigerians.
Consequently, SERAP also alerted Nigerians to publicly reject CAMA, alleging that politicians were scheming to leverage on it to further exploit them.
“@nassnigeria must revoke draconian #CAMA2020. CAMA2020 is most repressive law in Nigeria’s history.
“Nigerians, ‘Shine Your Eyes’, politicians will use #CAMA2020 to cover up their corruption and enrich themselves,” adding, “Then, they’ll go after you and take away your human rights and human dignity.
“Reject #CAMA2020 Now!,” SERAP tweeted on Thursday.
The new CAMA 2020 has, since berthing in public domain recently, drawn the ire of not a few, particularly religious organizations, and most especially churches, which see it as a framework for their inhuman regulation
This is even as the Vice President, Prof. Yemi Osinbajo, had, at a meeting with the Nigerian Bar Association, urged all concerned parties to approach the National Assembly and request the review of the law, being the right democratic step to follow.
But the Corporate Affairs Commission’s Registrar General, Alhaji Garba Abubakar, insists that new CAMA is the way to go.
“We are talking about making our laws to be of global standards. We look at those provisions in other jurisdictions that will strengthen our legal framework. Suspension of Trustees is not targeted at any particular group. What we have done is to bring our laws to be consistent with other countries,” he said.
Pix: RG, CAC, Alhaji Garba Abubakar