27th August, 2020
Vice President Yemi Osinbajo said on Thursday that the agitations by some Nigerian Church leaders against the recently signed Companies and Allied Matters Act (CAMA) 2020 was the possibility of the abuse of the provisions of the law in a way that can compromise the entire organization.
Osinbajo said this on Thursday during a special conversation at the ongoing Nigerian Bar Association (NBA) Annual General Conference when asked if the criticisms by Church leaders against the amended CAMA was because they don’t want to be in the management of their organizations.
But the Vice President said the issue is rather the fear of abuse of the law than avoiding accountability.
According to Osinbajo, “As a general position, I do not think it will be right to say that pastors don’t want to be accountable. I believe that several Christian organizations and pastors are willing to be accountable. The problems that they may have is ensuring that processes are not abused in such a way as to compromise the entire organization. And I think that if all that is required is some process of accountability, I think it will be easier for organizations to accept that.”
“Churches, Mosques and church organizations are regarded as charities. It is the Incorporated Trustees Section of the Companies and Allied Matters Act that has become controversial. And because churches are charities, the provisions in the incorporated trustees section obviously affect the churches.”
“What the Churches are concerned about is a provision that says that in the event that some wrong-doing is found to be perpetrated by the trustees of the particular organization or Church, the Registrar-General of the Corporate Affairs Commission (CAC) can go to court and get an order to appoint interim administrators or interim trustees for the Church or whichever charity organization and manage the organization.”
“The concern of the Churches is that it could lead to a situation where practically anybody could be appointed as a trustee to oversee the Church and a Church or a Mosque is a spiritual organization and if you do not share the same faith with the Church or Mosque, you may be the wrong person and if a wrong is appointed, you may create more trouble for the organization,” the Vice President added.
However, Osinbajo said concerns by religious leaders about CAMA can be processed through possible amendment of the contentious section of the law through a proposal to the National Assembly.
“What can be done is that, whatever the proposal for amendment may be, whatever the views of the leadership of the church may be, regarding the question of how the trustees, whether they are interim trustees or not, can be put in the form of a proposal that will be taken to the National Assembly for consideration for amendment to the law, that is the process which is entirely opened and ought to be pursued.”
Continuing, Prof. Osinbajo said “we are in a democracy and there is a process by which things can be done and that process is the one where you bring forward amendments to the National Assembly and they will do whatever is considered useful in the circumstance.”
Further clarifying the CAMA law, the Vice President said “it is a massive legislation that covers a wide range of issues on companies – general meetings, appointment of directors etc. Now, there is a small portion of it called the Incorporated Trustees Section, that small section of it is the section that regulates charities.