The presidency has said that the Companies and Allied Matters Act (CAMA) 2020 is not targeted at religious organisations.
Senator Ita Enang, Special Assistant to President Buhari on Niger Delta Affairs disclosed this in a meeting with the leadership of CAN, in Abuja.
“We want to declare as a fact, that the Act does not target churches or religious bodies as wrongly assumed. For an illustration of this, I present a tabular form of the provisions of the 1990 Act which came into force on January 2, 1990, which after more than 30 years of operation has now been repealed and replaced by CAMA 2020,” he said.
