What The Newly Signed CAMA Law Means For Businesses In Nigeria

On the 8th of May 2017, Nigeria’s Senate President inaugurated a Technical Advisory Committee to review the Companies and Allied Matters Act. On Friday 8th August 2020, President Muhammadu Buhari signed the act into law to replace the 30-year-old Companies and Allied Matters Act of 1990.

In a cnbcafrica interview, Tinuade Awe, Executive Director of the Regulation Division of the Nigerian Stock Exchange and Taiwo Oyedele, Partner and West African Tax Leader at PwC speak on what this law means for doing business in Nigeria.

Watch below:

Since the law was passed Winners Chapel Founder Bishop Oyedepo has been the most vocal in his discontent with the law stating no one can place trustees over his church and that the law was created because the government was jealous of the church's prosperity.

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