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CAC congratulates lawmakers for passage of CAMA Bill

The Corporate Affairs Commission (CAC), has expressed satisfaction over the passage of the Companies and Allied Matters Bill by the National Assembly, which it described as monumental, and a demonstration of a harmonious relationship between the two Chambers of the 8th Assembly.

Recall that the Bill originated from the Commission, and was passed by the Senate on Tuesday, May 15, 2018, while it was finally passed by the House of Representatives after Third Reading on Tuesday, January 22, 2019.

The main thrust of the Bill is to ensure the ease of starting and growing business in Nigeria; ensure more appropriate regulation for MSMEs; enhance transparency and shareholder engagement; align regulatory framework with international best practice for competitiveness and, in the context of a global economy, make Nigeria an investment destination of choice.

The Guardian, February 5, 2019

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