Religious

Dissolve yourselves as registered associations if you don’t like CAMA law, CAC tells churches, others

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The Corporate Affairs Commission (CAC) has disclosed that churches, other religious bodies and non-governmental charitable organisations registered with the commission as association were free to dissolve as a registered association if they were not comfortable with the newly signed Company and Allied Act (CAMA) 2020.

Speaking with journalists in Abuja, the Registrar General of CAC, Alh. Garba Abubakar said it was not mandatory for associations to be registered before they can operate.

“unlike businesses that the law is saying you must register mandatory if you are carrying out business using names rather than your surname or full names, the law says you must register, but for associations, you don’t necessarily have to register.”

“Anybody that feels he does want to come within regulatory oversight, if you feel your members will agree with you to run the association and they make donations individually, you don’t have to register with CAC.

“But for as long as you register, because is not a business, there are a lot of physical exemptions granted to Associations, the government should be interested in how this organization are run and whether the income and property is been utilize for the objective enshrined in the constitution of the association.”

Abubakar noted that “these associations have a constitution apart from objective and the governing structure on how they should operate, so there is no need for anybody to entertain any fear, the powers of CAC are not absolute, as long as you operate and manage your association in line with the constitution as registered with the CAC, and in line with the law, you don’t have to fear anything,” he stated.

The CAMA Act signed into law recently by the President has generated tension with the Christain Association of Nigeria (CAN) rejecting the law and describing it ungodly.

However, CAC said the law was not targeting any particular group, but to close gaps against corruption and instil confidence in foreign NGOs and Foreign donors inline with global practices.

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