From Mike Odiegwu, Port Harcourt
Over 85 Civil Society Organisations (CSOs) in Rivers State have urged the National Assembly to review the amended Company and Allied Matters Act (CAMA) 2020.
The CSOs, which met in Port Harcourt under the Action Group on Free Civic Space (AGFCP), said their review of the law exposed sections with negative implications and grave consequences.
According to them, the amended Act was designed to stifle the civil space, stop operations of vocal associations, and give the government excessive powers to operate without the watchdog role of Non-Governmental Organisations (NGOs).
Executive Director of Youths and Environmental Advocacy Centre Fyneface Dumnamene said sections 838, 839, 842 of CAMA 2020 contradicted the constitutionally protected liberties, particularly freedom of association.
Dumnamene said: “CAMA 2020 establishes a new form of eminent domain. The recently-added provisions appear to be fixated on enlarging governmental powers to suspend and remove the trustees of an association’s property and bank credit.
“The Corporate Affairs Commission’s (CAC’s) powers to unilaterally disrupt and displace the expressed intentions and aspirations of the members relegated the constitution or memorandum of an association, rendering it purgatory.
“The new functions of CAC duplicate the roles of existing regulatory agencies charged with uncovering and punishing financial crimes, such as Special Control Unit against Money Laundering (SCUML) and Economic Financial Commission (EFCC).”
Dumnamene said complying with the new rule would be onerous, time-consuming and possibly ineffective.
Read the original article on The Nation