CISLAC Wants Buhari To Push Amendment Of CAMA

The Civil Society Legislative Advocacy Centre, CISLAC, Thursday, called on President Muhammadu Buhari to immediately resuscitate the Corporate and Allied Matters Act (Repeal and Reenactment) Bill 2017 as a way of giving muscle to the administration’s professed inclination to combat corruption.  

Executive Director, CISLAC, Auwal Ibrahim Rafsanjani at a press conference in Abuja said that it was a disincentive that despite proclamations by administration officials to fight graft that the president had abandoned a useful legislation that would help the fight.

He said:

“We are calling on President Muhammadu Buhari, to take urgent presidential action regarding the Corporate and Allied Matters Act Repeal and Reenactment Bill 2017.

“This Bill was passed by the 8th Assembly and since May it had been sent to Mr President. This has been lingering and as a matter of fact it is even impossible for the President sign this bill that is why we are calling for presidential action to start the process resubmitting this bill because we have lost the 30 days allowed by our law for the President to assent. There is no any explanation from the President.

“While we are excited about the commitment of the present administration to wage war against corruption, we are however, concerned over the inability of the present administration to efficiently fulfill its promises on anti-corruption at global and national forum.

“There are so many commitments made by the government and commits are followed by action through policy, legal framework, legislative as well as compliance. It is not enough to say you will do this and that but nothing done three to four years down the line.

“This inefficiency is largely triggered by the delayed assent into the enabling legal frameworks and instruments on anti-corruption by the National Assembly and Presidency.

“A case in point is the failure of President Muhammadu Buhari to assent to the Companies and Allied Matters Act (Repeal and Re-enactment) Bill which was transmitted to his office on the 27th of May, 2019, after it was passed by the 8th National Assembly on 14th of May, 2019.

“The bill contains provisions that enhance the ability of anti-corruption agencies to detect and stop corruption, identify persons and companies involved in corruption and limit their ability to hide proceeds of corruption in companies registered in Nigeria and other jurisdictions. The process of developing the National Register of Beneficial Owners of companies operating within our jurisdiction is now hinged on presidential assent into the bill.”

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