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PDP Chairman Condemns CAMA Law, Calls for Reversal

Strategic Insights

— 1 min read

Prince Uche Secondus, National Chairman of the Peoples Democratic Party (PDP), has expressed strong opposition to the recent signing into law of the Companies and Allied Matters Act (CAMA) 2004 bill by President Muhammadu Buhari. Secondus argued that the government has more pressing issues to address than regulating church activities, citing its corruption as a major concern. He called on the National Assembly to review the CAMA Act 2020 as a matter of urgency to put an end to the controversy surrounding the law.

Key Takeaways:

  • The CAMA law, signed into effect by President Buhari on August 7, gives the Registrar-General of the Corporate Affairs Commission (CAC) the power to suspend trustees of not-for-profit organizations and appoint interim managers if misconduct or mismanagement is suspected.
  • Prince Uche Secondus, PDP National Chairman, condemned the law, stating that a government as corrupt as the Buhari administration should not be regulating church activities.
  • Secondus called for the reversal of the CAMA law, saying that the government has more pressing issues to address than interfering in religious institutions.
  • The law also permits the Registrar-General of CAC and supervising ministers to scrutinize the financial operations of non-governmental organizations, including religious places, and change their trustees.
  • Secondus expressed concern that the government may use the CAMA law to intimidate and harass opposition parties, citing the launch of the South-west Security Network, Amotekun, in Ondo State.
  • He warned that state security outfits like Amotekun are still experimental and any abuse will have consequences.

Statistics:

  • The CAMA law was signed into effect on August 7.
  • The law gives the CAC Registrar-General power to suspend trustees and appoint interim managers if misconduct is suspected (Section 839(1 )&(2)).
  • Non-governmental organizations, including religious places, must be scrutinized by the CAC and supervising ministers under the new law.
  • The Ondo State government has launched the Amotekun security outfit ahead of the October 10 governorship election.

Sources:

  • This Day, National Chairman of the Peoples Democratic Party (PDP), Prince Uche Secondus, Saturday (date not specified).
  • AllAfrica Global Media (allAfrica.com).

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