New CAMA, New Challenges - THISDAYLIVE

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New CAMA, New Challenges

Even though the Company and Allied Matters Act 2020 addresses some of the deficiencies in the old one, the new Act recently assented to by President Muhammadu Buhari has generated fresh controversies and raised new challenges, for both the business community and faith based organisations. While the corporate world believes the new CAMA would potentially hamper the ease of doing business in Nigeria, some religious organisations are up in arms against its implementation.

It should be pointed out that the Act did not specifically mention Church, Mosque or any particular religion. The Act primarily seeks to introduce long overdue reforms into Companies Affairs and specifically, among other aspects, in the area of ease of doing business.The fears expressed by some sections of the Christian community, is that Section 839 of the Act is a surreptitious attempt by government to control the church and stifle it.

The process of making a law under the Presidential system that we run, is such that it affords everyone the opportunity to lend their voices to or against any law during the ‘making’ process. Firstly, it is widely circulated and then open to members of the public and particular interest groups, to make presentations as to why they consider a portion or whole of it repugnant or objectionable.

Now, to the argument that Section 839 is designed to take over churches. The section provides for the suspension of trustees of an association and to appoint an interim manager over its affairs , under certain specified conditions.

The Bible is replete with verses enjoining us to be accountable as stewards of the manifold blessings of God, and this is precisely what most serious churches teach and try to live by, which is why several people are attracted to some of them in the first place; and as long as we keep to the tenets of the Bible, which is our Constitution as Christians, , we should have nothing to fear.

Many may remember that only late last year or so, the sitting American President’s NGO, Donald J. Trump Organisation, was indicted for mismanagement of its funds and ordered to refund about $2m to public coffers. Additional disciplinary measures were also taken against the organisation.

 

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