President Buhari States His Final Stance On CAMA Law

President Muhammadu Buhari has expressed his full support for the recently passed Companies and Allied Matters Act, 2020 (CAMA), despite criticisms that have trailed the legislation.

The Nigerian president maintained that CAMA will promote transparency and corporate accountability in the fight against corruption in Nigeria.

The Special Adviser, Media and Publicity to the president, Femi Adesina, disclosed in a statement on Thursday, September 24, that Buhari’s comments were contained in a video message presented at the Open Government Partnership (OGP) 2020 Virtual Leaders’ Summit.

The summit reportedly held on the sidelines of the 75th session of the United Nations General Assembly (UNGA75) in New York, United States.

According to Femi Adesina, the president made it known that since inception in 2015, his administration has been making efforts to change the perception of Nigeria’s commitment to the fight of corruption.

ALSO READ: Professor Yemi Osinbajo has asked Pastors and Church leaders who are aggrieved, over CAMA law to approach the National Assembly for amendment.

Buhari reportedly stated that his recent assent to CAMA 2020 Act was one of the measures taken by his government to implement tougher anti-corruption measures.

Furthermore, he disclosed that the Act provides a legal framework for the implementation of beneficial ownership information disclosure in Nigeria.

Meanwhile, the controversy generated by the signing into law of the CAMA Act is gathering momentum on a daily basis, especially among the Christians.

KanyiDaily recalls that the Christian Association of Nigeria had rejected CAMA, accusing Federal Government of declaring war On Christians.