Reps commences process to Amend CAMA Act.

In what seems to be response to the public outcry on the provision of the Companies & Allied Matters Act 2020 , the Member representing Nkwerre/Isu/Nwagele & Njaba Federal constituency of Imo state Hon Ugonna Ozurigbo has proposed an amendment to section 839 of the Companies & Allied Matters Act.

In a memo submitted to the office of the Honourable Speaker, Hon Ozurigbo had requested for listing of the Bill for first reading.

It is hoped that this intervention will be able to address the concerns of Nigerians and the Christian Association of Nigeria on the Act.

It will be recalled that the Vice President had advised CAN to adopt the Constitutional approach of addressing their concern by approaching the National Assembly for an Amendment.

It is hoped that the Nigerian House of Representatives will give the Bill the desired attention it requires upon resumption.

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Good move.

If majority of Nigerians are complaining about the CAMA Act, then it should be looked into.