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Concerns About CAMA Can Be Addressed Through Ammendments – Osinbajo

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images 2020 08 28T134303.291 Concerns About CAMA Can Be Addressed Through Ammendments - Osinbajo

OFFICE OF THE VICE PRESIDENT
PRESS RELEASE
OSINBAJO TO CHURCH LEADERS:
CONCERNS ABOUT CAMA CAN BE ADDRESSED THROUGH AMMENDMENT BY NATIONAL ASSEMBLY
*VP adds: “We are in a democracy, there is a process by which things can be done”
In an effort to allay fears expressed by the leadership of the Church about the recently enacted Companies and Allied Matters Act (CAMA) 2020, Vice President Yemi Osinbajo, SAN has said concerns can be processed through possible amendment of the contentious section of the law through a proposal to the National Assembly.
The Vice President stated this on Thursday during a special conversation at the ongoing Nigerian Bar Association (NBA) Annual General Conference.
Responding to a question about reactions to CAMA, the Vice President said “what can be done is that, whatever the proposal for amendment may be, whatever the views of the leadership of the church may be, regarding the question of how the trustees, whether they are interim trustees or not, can be put in the form of a proposal that will be taken to the National Assembly for consideration for amendment to the law, that is the process which is entirely opened and ought to be pursued.”
Continuing, Prof. Osinbajo said “we are in a democracy and there is a process by which things can be done and that process is the one where you bring forward amendments to the National Assembly and they will do whatever is considered useful in the circumstance.”
Further clarifying the CAMA law, the Vice President said “it is a massive legislation that covers a wide range of issues on companies – general meetings, appointment of directors etc. Now, there is a small portion of it called the Incorporated Trustees Section, that small section of it is the section that regulates charities.
“Churches, Mosques and church organizations are regarded as charities. It is the Incorporated Trustees Section of the Companies and Allied Matters Act that has become controversial. And because churches are charities, the provisions in the incorporated trustees section obviously affect the churches.”
Speaking about the fears expressed by the Church, the Vice President said “what the Churches are concerned about is a provision that says that in the event that some wrong-doing is found to be perpetrated by the trustees of the particular organization or Church, the Registrar-General of the Corporate Affairs Commission (CAC) can go to court and get an order to appoint interim administrators or interim trustees for the Church or whichever charity organization and manage the organization.”
“The concern of the Churches is that it could lead to a situation where practically anybody could be appointed as a trustee to oversee the Church and a Church or a Mosque is a spiritual organization and if you do not share the same faith with the Church or Mosque, you may be the wrong person and if a wrong is appointed, you may create more trouble for the organization,” the Vice President added.
When asked by the moderator (Nduka Ogbeibena) if pastors are, by their actions, unwilling to be accountable in the management of their organizations, the Vice President said the issue is rather the fear of abuse of the law than avoiding accountability.
According to Prof. Osinbajo, “As a general position, I do not think it will be right to say that pastors don’t want to be accountable. I believe that several Christian organizations and pastors are willing to be accountable. The problems that they may have is ensuring that processes are not abused in such a way as to compromise the entire organization. And I think that if all that is required is some process of accountability, I think it will be easier for organizations to accept that.”
Laolu Akande
Senior Special Assistant to the President on Media & Publicity
Office of the Vice President

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Judiciary Workers To Join Planned Labour Strike

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images 2020 09 25T215000.384 Judiciary Workers To Join Planned Labour Strike

Judiciary workers, under the aegis of Judicial Staff Union of Nigeria, have said they would shut down courts nationwide on Monday in compliance with the directive by the Nigeria Labour Congress and Trade Union to embark on strike
The NLC and the TUC had jointly declared the industrial action to press for the reversal of the recent hike in petrol pump price and electricity tariff.
The President of JUSUN, Marwan Adamu, told our correspondent on Friday that as an affiliate of NLC, the union of judiciary workers was bound by the umbrella body’s directive to Nigerian workers to proceed on strike from Monday.
“The strike is not JUSUN strike. It is NLC strike. As an affiliate of NLC, we are bound by the strike declaration. So, we are joining the strike,” Adamu said.
Asked if the Wedneasay’s order issued by the National Industrial Court in Abuja stopping the planned strike would not be complied with, Adamu said, “the order has not been served on us, so the strike is going on”.
Adamu confirmed that the notice for the strike had been circulated in various courts and judiciary institutions across the country.

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Kogi Explosion : Bello Meets Osinbajo , Gets FG ’ s Assurance

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images 2020 09 25T192204.000 Kogi Explosion : Bello Meets Osinbajo , Gets FG ’ s Assurance

Kogi State Governor, Yahaya Bello, on Thursday met with Vice President Yemi Osinbajo following the tanker explosion that killed 23 people in Lokoja on Wednesday.
He has received assurances that the Federal Government will fix all government roads and other infrastructure, beginning with Felele along Lokoja-Abuja highway, the scene of the explosion.
Speaking to State House correspondents after the meeting, commended the federal government for its efforts to repair road infrastructure across the country.
Bello stressed the need for more attention to be paid to Kogi State, which links the northern and the southern parts of the country.
According to him, if Kogi State is cut off, the Federal Capital Territory will be heavily impacted.
On the meeting with the Vice President, he said: “The Vice President is a very caring father and is concerned about what happened in Kogi State, particularly in what happened yesterday, the unfortunate accident that claimed the lives of innocent citizens in Kogi State
“So, our discussion was very fruitful, he expressed his sympathies and condolences to the families of those that lost their loved ones and promised to ensure that federal government brings succour to the families of those that have lost their loved ones and to ensure that future occurrences, especially on that spot don’t occur again. So our discussion was very fruitful.”
On his visit to the Minister of works and housing, Babatunde Fashola, the governor said part of the commitment extracted is the immediate deployment of the Federal Roads Maintenance Agency (FERMA), to fix the spot that claimed lives on Wednesday.
He added: “My visit to the minister of works and housing is in connection with the road infrastructure and other infrastructure that crisscross Kogi State, especially with the incident of yesterday. It is an accident, it can happen at any point in time.
“The minister swiftly invited all those that are concerned as far as our road construction and reconstruction are concerned. He has directed that FERMA moves into that spot immediately and fix those areas. Not only that, the road that links when coming from Okene, Lokoja, down to Abaji, between Kabba to Egbe, Umuaran to Ilorin and Ganaja village across to Shuntako, Dekina down to Ayangba, he has taken them very seriously and has promised that it will be well funded this time around.
“Also, the rehabilitation of Muritala Mohammed bridge, you know is only one lane that is being used, so he has actually called the contractors to ensure that they speedily complete that project in view of the ember months that we are in now.
“You will recall that last July, I was on the road for five hours directing traffic in that area, so he expressed his concern also, moving forward federal government is going to fund the various contractors to ensure that those road infrastructures are completed.
“They are doing excellently well with road infrastructure across the country but we want more attention to be paid to Kogi State, because it is the gateway between the north and south because, if our road is cut off even FCT is going to suffer for it.”

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UK Moves To Seize $39 Million From London Lawyer Who Helped Ibori Move Funds

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images 2020 09 25T162625.112 UK Moves To Seize $39 Million From London Lawyer Who Helped Ibori Move Funds

UK Takes Legal Action To Seize $39m From London Lawyer Who Assisted Ibori Move Stolen Funds From Nigeria
confiscate $39.3m from Bhadresh Gohil, a London lawyer, who assisted James Ibori to loot and launder funds from Nigeria.
Ibori, ex-governor of Delta State, was convicted in 2010 in the United Kingdom for money-laundering.
Gohil was also convicted in 2010 of 13 counts of money-laundering and other offences linked to his role in the case.
Reuters reported that Gohil also masterminded a fraud in which $37m in fake consultancy fees was stolen from two Nigerian states in connection with the sale of their stakes in a telecoms company.
Then a partner at a firm in the London district of Mayfair, Gohil had helped Ibori channel stolen funds through shell companies and offshore accounts and buy assets such as an English country house and a $20 private jet — although police caught up with the men before the jet was delivered.
Banks have been fined and scandals revealed by leaks such as the FinCEN and Panama papers, but it remains unusual for direct beneficiaries such as Ibori and Gohil to be held to account.
In Ibori’s case, a hearing took place at London’s Southwark Crown Court in January. Prosecutors asked the court to make a confiscation order against Ibori of 117.7 million pounds.
The judge has yet to hand down his decision.
A hearing on Gohil’s case is ongoing at the same court.
Lead prosecution counsel, Jonathan Kinnear, on Thursday began setting out the details of what he said was Gohil’s criminal benefit.
Gohil will have a chance later in the hearing to call witnesses and give evidence himself to dispute the prosecution case.
Any confiscation order against him, as for Ibori, will be issued by the judge at a later date.

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