A Civil Society Organisation, CSO, Yiaga Africa, Wednesday, expressed worry, kicked and called for the amendment of the controversial Companies and Allied Matters Act 2020.
Speaking at a Stakeholders’ Round-table on CAMA 2020 and Emerging Issues’, the Director of Programmes, Yiaga Africa, Cynthia Mbamalu, argued that as far as the CAMA 2020 provides better regulations for ease of business, however, there are certain provisions that have the potentials to restrict the operations of Civil Society Organisation, CSOs, Nongovernmental Organisations, NGOs, and faith-based organisations.
According to Mbamalu what the new CAMA did is to repeal the previous one, which was enacted in 1990 under the military regime.
She acknowledged that the passage of the law remains an important action because it was to review the previous law and provided better regulations for ease of business including operations of Civil Society Organisations in Nigeria, and others.
She said: “Today we are having a stakeholder meeting on Company and Allied Matters Act 2020, which was signed by the President into law in 2020.