Buhari signed into CAMA law on 7 August. The law has made an argument, especially from religious leaders.
Beneath the law section, our bodies and charity organizations can be strictly regulated by the Registrar-General of Company Affairs (CAC) and a Supervising Minister.
The CAMA gives that by fee order, the trustees of the affiliation or a spiritual body may stop and appoint an interim manager or managers to coordinate their affairs, believing that there was misconduct or mismanagement, or affiliation The place of affairs of the people is being tricked or run to a place which is important or attractive for the purpose of public curiosity.
However, David Oyedepo, the founding father of Living Faith Church Worldwide, said the law was born out of jealousy of the federal government about the prosperity recorded by the church.
Oyedepo questioned the rationality behind subjecting church buildings to the same legal guidelines as corporations, describing the church as God’s legacy on earth.
However, speaking on the sidelines of the 75th session of the United Nations Basic Meeting (UNGA) at the Open Government Partnership (OGP) 2020 Digital Leaders Summit, Buhari said that the law would improve transparency and accountability of the company within the struggle against corruption Will do.
The president said that part of the reason he assigned the law is to “change worldwide and domestic perceptions about Nigeria’s dedication to promoting corruption and conflict”.
‘For the reason that since the establishment of our administration in 2015, the authorities have been dedicated to changing the perception of the world and at home in relation to promoting Nigeria’s dedication and good governance to fight corruption,’ he said. said.
‘We were focused on the duty to deal with this harmful monster, which led us to become a member of the Open Authorities Partnership and make reform commitments to locate the public central register of subsidiary homeowners of corporate entities.
‘Since then, we have now made significant progress in implementing more sustainable anti-corruption measures, together with my current consensus for corporations and allied issues, 2020.
‘The Act gives an authorized framework for the implementation of supporting potential data disclosure in Nigeria.
The President said that being a member of the OGP has helped the government in its journey towards the recognition of Nigeria.
On the COVID-19 pandemic, Bukhari instructed viewers to clarify that governments alone cannot remedy all challenges, demanding cooperation.