CAMA: Osinbajo Asks Angry Pastors to Meet National Assembly

Nigeria Vice President, Prof Yemi Osinbajo, has advised pastors to express their grievances on the Companies and Allied Matters Act, 2020 (CAMA)to the National Assembly.

The Vice President stated this yesterday at the 60th virtual conference of the Nigerian Bar Association.

He said, “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, appointment of directors, etc.

“Now, there is a small section of it called the Incorporated Trustees Section. That small section of it is the section that regulates charities. Churches and mosques are regarded as charities.

“It is the Incorporated Trustees Section of the Companies and Allied Matters Act that has become controversial. And because churches are charities, provisions in the Incorporated Trustees Section obviously affect churches.

“What the churches are concerned about is the provision that says in the event that some wrongdoing is found or perpetrated by the trustees of a particular organisation or church, the Registrar-General can go to court, get an order to appoint interim trustees for the church or for whichever organisation that be, to manage the affairs of such a trust.

Among those who have taken a position on the issue was Pastor Enoch Adeboye, the general overseer of the RCCG.

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