CAMA: Pastors are willing to be answerable, says Osinbajo

The Vice President, Prof Yemi Osinbajo, says pastors in the country are willing to be accountable.
Osinbajo made this known on Thursday while speaking on the controversial Companies and Allied Matters Act, 2020, at the 60th virtual conference of the Nigerian Bar Association.

At the conference with the theme, ‘Step Forward’, the Vice President advised religious leaders who have concerns regarding the recently amended law to put their concerns in a proposal and forward it to the National Assembly for possible amendment.
Recall that the President, Muhammadu Buhari, on August 7, signed into law, the Companies and Allied Matters Bill, 2020. The bill, which has also been passed by the National Assembly, replaced the 1990 CAMA.

But top clerics in the country like the Presiding Bishop of the Living Faith Church Worldwide, David Oyedepo; as well as the Christian Association of Nigeria and the Pentecostal Fellowship of Nigeria, amongst others, have rejected the law, especially the section 839 (1) and (2) of the law which empowers the supervising minister “to suspend trustees of an association and appoint the interim managers to manage the affairs of the association for some given reasons.”

Speaking on Thursday, Osinbajo explained, “The Companies and Allied Matters Act is a very huge legislation. It has over 800 sections or so; it is a massive regulation that covers a wide range of issues on companies, all sorts of issues on companies – general meetings, the appointment of directors, among others.

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