Allied Matters Act
CAN: We never approached National Assembly on CAMA
File Photo Christian Association of Nigeria (CAN) has clarified its position on the controversial Companies and Allied Matters Act (CAMA), disclosing that it has not approached the current National Assembly for any amendment on the Act. CAN General Secretary, Joseph Daramola, in a statement explained that the response was to contradict media reports quoting CAN President, Dr. Samson Ayokunle, as accusing the National Assembly of not assisting the Association when CAMA was being amended. Part of statement noted, “we want to make it abundantly clear that CAN President was not referring to the current National Assembly, because CAN never approached the federal lawmakers on the controversial law. “CAMA is not a product of the 9th Assembly but the previous Assembly (8th Assembly). It’s our expe...
Court declares SEC sanctions against Oando management null, void
Wikipedia Oando shareholders in the persons of Alhaji Yakubu Gumel; Alhaji Kabiru Tambari, suing for himself and on behalf of the Sokoto Zone Shareholders Association; Tunde Badmus, suing for himself and for the benefits of Pacesetters Shareholders Association, bagged yet another win at the Federal High Court (FHC) Kano, in a suit filed against the Securities and Exchange Commission (SEC) for overreaching its powers. Justice A. Lewis Allagoa presiding over the ruling dismissed the regulators preliminary objection and granted all the reliefs sought by the Oando Shareholders. The FHC Kano dismissed SEC’s objection on the basis that the shareholders’ claims fall under their rights as shareholders according to the Companies and Allied Matters Act (CAMA) and is therefore not a capital markets i...
CAC withdraws registration of ‘Enough is Enough’
The Corporate Affairs Commission, CAC, Tuesday cancelled the registration of the Business name ‘Enough is Enough’ with immediate effect. The commission disclosed this on its Twitter handle, @cacnigeria1. “Based on the provisions of Section 579 (2) of the Companies and Allied Matters Act, (CAMA), the Corporate Affairs Commission has cancelled the registration of the Business name “Enough is Enough BN 2210728” with immediate effect. “The Business Name “Enough is Enough” which was registered in 2012 to engage in General Contracts, Sales of Sport Equipment/Promotion deviated from its main objectives over the cause of time. “Consequently, the Commission has removed it from its database and advised the proprietors to surrender the certificate earlier issued to them.” Get more stories like this o...
