The Senate says it received the cheering news that President Muhammadu Buhari has assented to the repealed and re-enacted Companies and Allied Matters Act (CAMA). Spokesperson of the Senate, Sen.Ajibola Basiru (APC Osun), in a statement in Abuja on Saturday said Buhari’s assent of the CAMA bill had completed the final stage for the enactment of the Act, repealing and replacing the 30-year-old legislation. He said assent to the bill had further demonstrated the cordial relationship between the National Assembly and the Presidency. Basiru said assent to bill was also a validation of the efforts of the National Assembly in providing the needed legislative interventions for the resuscitation of the nation’s economy. Besides the CAMA, he noted that Senate had demonstrated commitment to legislative interventions to reposition the Nigerian economy, particularly to cushion the disruptions occasioned by COVID-19 pandemic.

Source: The Guardian August 08, 2020 14:48 UTC