A bill to amend the Companies and Allied Matters Act (CAMA) 2020 (SB 904) passed second reading at the Senate on Wednesday, 9th February. The bill sponsored by Senator Ibrahim Yahaya Oloriegbe (APC: Kwara) seeks to strengthen the operations of non-governmental organisations (NGOs) in Nigeria and their compliance with the provisions of CAMA. Proposing the amendment, Senator Oloriegbe stated in his lead debate that while CAMA 2020 was a major improvement from CAMA 1990, some of its provisions are inimical to the ability of\u00a0 NGOs to operate and deliver on the purposes for which they are set up. He explained that the bill seeks to introduce measures that address the full range of regulatory issues relating to registration, administration and supervision; and provide a consistent regulatory framework that enhances NGO coordination in Nigeria.The proposed amendment is to 11 sections of the Principal Act, which include sections 2, 831, 838, 839, 842, 843, 844, 845, 846, 848 and 849. The bill was referred to the \u00a0joint Committees on Trade and Investment and NGO and Diaspora for further legislative action, with the former as the lead committee. <\/p>\n\n\n\n
It will be recalled that there have been several\nreactions to CAMA since its coming into effect in August 2020, especially by\nNGOs. While the business community lauded the law for promoting the ease of\ndoing business, the non-profit community, comprising civil society\norganisations, faith-based organisations, community groups, etc expressed\nreservations against several provisions of the Act governing the operations of\nnon-profit organisations, especially those registered as Incorporated Trustees\nunder \u2018Part F\u2019 of CAMA. NGOs worry that CAMA represents a major concern for\ncivic space. Several of the provisions of CAMA appeared to lay onerous burden\non NGOs regarding reporting and compliance issues. According to NGOs, this\nburden may have been imposed to hinder their activities and contribute to\nwidening concerns about shrinking civic space in Nigeria. The bill if passed\ninto law, will certainly alleviate some of these concerns. It is expected that\nthe bill will be set down for public hearing to be conducted in the next few\nweeks. The President of the Senate in committing the bill for further\nlegislative action, to the two Committees gave a timeline of four weeks for\nconclusion of work on it by the Committees. <\/p>\n","protected":false},"excerpt":{"rendered":"
A bill to amend the Companies and Allied Matters Act (CAMA) 2020 (SB 904) passed second reading at the Senate on Wednesday, 9th February. The bill sponsored by Senator Ibrahim Yahaya Oloriegbe (APC: Kwara) seeks to strengthen the operations of non-governmental organisations (NGOs) in Nigeria and their compliance with the provisions of CAMA. Proposing the […]<\/p>\n","protected":false},"author":2,"featured_media":1602,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2499","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/placng.org\/Legist\/wp-json\/wp\/v2\/posts\/2499","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/placng.org\/Legist\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/placng.org\/Legist\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/placng.org\/Legist\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/placng.org\/Legist\/wp-json\/wp\/v2\/comments?post=2499"}],"version-history":[{"count":1,"href":"https:\/\/placng.org\/Legist\/wp-json\/wp\/v2\/posts\/2499\/revisions"}],"predecessor-version":[{"id":2505,"href":"https:\/\/placng.org\/Legist\/wp-json\/wp\/v2\/posts\/2499\/revisions\/2505"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/placng.org\/Legist\/wp-json\/wp\/v2\/media\/1602"}],"wp:attachment":[{"href":"https:\/\/placng.org\/Legist\/wp-json\/wp\/v2\/media?parent=2499"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/placng.org\/Legist\/wp-json\/wp\/v2\/categories?post=2499"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/placng.org\/Legist\/wp-json\/wp\/v2\/tags?post=2499"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}