The Senate has commended President Muhammadu Buhari for assenting to the Companies and Allied Matters (CAMA) Bill passed by the National Assembly. The statement reads: “The Senate today received the cheering news that President Mohammed Buhari (GCFR) has assented to the Companies and Allied Matters Bill. By assenting the bill, Mr President has completed the final stage in the legislative process for the formal enactment of the Act repealing and replacing the 30-year legislation. Basiru added that the amended CAMA law specifically accommodates provisions which insist on the disclosure of persons with significant control of companies in a register of beneficial owners to enhance corporate accountability and transparency. “Others include the disclosure of persons with significant control of companies in a register of beneficial owners to enhance corporate accountability and transparency,” Basiru said.

Source: Nigerian Tribune August 08, 2020 11:48 UTC