CAMA Act: Court stops CAC from suspending, appointing CAN, church’s trustees

Court stops FG from suspending, appointing CAN, church’s trustees

CAN argued that the FG's plan to suspend its trustees and appoint interim managers to manage its affairs would usurp its powers, and was against the constitution.

CAMA Act: Court stops CAC from suspending, appointing CAN, church’s trustees

A Federal High Court, Abuja, on Tuesday, retrained the Corporate Affairs Commission (CAC) from suspending or appointing trustees of the Christian Association of Nigeria and the churches. Justice Inyang Ekwo, in a judgment, held that the provisions of Sections 17 (1), 839 (1) and (7) (a), 842 (1) and (2), 851 and 854 of the Companies and Allied Matters Act (CAMA), 2020 and Regulations 28, 29 and 30 of the Companies Regulations (CR), 2021 were not…