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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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Ekweremadu Gets Another International Parliamentary Appointment

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images 2020 10 28T224424.521 Ekweremadu Gets Another International Parliamentary Appointment

The International Parliamentary Congress, IPC, has appointed former Deputy President of the Senate, Senator Ike Ekweremadu as its Chief Coordinator for Africa.
The appointment was conveyed to Ekweremadu in a letter by the Secretary-General of the IPC and member of the Pakistani national parliament, Senator Muhammad Ali Saif. The letter was dated October 26, 2020.
“We are proud to inform you that the Honourable President of the IPC has nominated your good self as Chief Coordinator Africa with immediate effect.
“IPC endeavours to promote parliamentary dialogue and oversight of Climate Change and Food Security; Human Rights; Peace, Security, Conflict Resolution and Interfaith Harmony; Trade, Investment and Development Corporation; Health Research; Standardisation, Quality Control, Human Development; and Observation of Elections across the world.
“To support IPC in achieving the noble cause, your influence, experience and goodwill shall help cover the whole of African region, enabling the IPC to directly partake in projects for general welfare of African nations and to uphold democracy”, the letter read.
Meanwhile, Ekweremadu, who is also Nigeria’s sole member of the Malta-based International Parliament for Tolerance and Peace, the legislative arm of the Global Council for Tolerance and Peace, has accepted the appointment.
The former Speaker of the Parliament of the Economic Community of West African States, ECOWAS Parliament, while pledging to work for the realization of the laudable ideals and objectives of the IPC, was optimistic that the world would benefit immensely from the rising influence of parliaments in global affairs.
“I, therefore, accept the appointment with utmost sense of humility and appreciation, mindful of the fact that injustice, repression, poverty, hunger, environmental degradation, and weakening of democracy and its values in any part of the world equally holds severe consequences for the rest of the globe, hence we must all come together to work for the good of all”, he added.

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President Buhari’s Speech At The Armed Forces Remembrance Day Emblem

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images 2020 10 28T181408.503 President Buhari's Speech At The Armed Forces Remembrance Day Emblem


I am indeed happy to welcome everyone here to the formal launch of the 2021 Armed Forces Remembrance Day Emblem and Appeal Fund.
Today, we are gathered here to first remember and commend the sacrifices of our fallen heroes and veterans of the First and Second World Wars, the Nigerian Civil War and Peace Support Operations around the world.
We also seize this opportunity to pay tributes to those men and women currently engaged in Internal Security Operations, particularly the ongoing fight against insurgency, terrorism and armed banditry in some parts of the country.
Despite the global Coronavirus Pandemic, these gallant officers and soldiers have remained steadfast in the difficult task of restoring peace and security in our nation.
We honour the memory of our gallant officers and men who have paid the supreme sacrifice in order to keep the country united as one entity. The nation remains grateful for the efforts and sacrifice of the Armed Forces especially in the fight against insurgency and other internal security challenges confronting Nigeria.
The Armed Forces Remembrance Day or Veterans Day as it is known in some parts of the world is an important event observed in commemoration of the end of the Second World War.
In Commonwealth member countries, the Remembrance Day is observed on 11th November yearly. However, for us the date was changed to 15th January annually to accommodate the commemoration of the end of the Nigerian Civil War.
Therefore, the occasion reminds us of the need to guard jealously the unity of the nation which was won at great cost.
It also serves as a reminder for our citizens to desist from divisive actions and comments that could jeopardize the unity and progress of the nation.
Nigeria’s strength lies in her diversity.
Ladies and Gentlemen, our dear nation has witnessed numerous security challenges since independence. These security threats have undermined Nigeria in the areas of trade, investment and economy, education, health as well as agriculture and frequently denied Nigerians the freedom of movement.
I am however pleased to state that a lot has been achieved in the Internal Security operations in the North West and North Central zones where in addition to Operations LAFIYA DOLE, HADARIN DAJI, HARBIN KUNAMA, WHIRL STROKE, other operations such as ACCORD, SAHEL SANITY and KATSINA were successfully launched.
This has led to the return of normalcy in some of the affected areas.
However, all hands must be on deck to check attacks on soft targets. On our part, we will continue to forge useful alliances with neighbours and friends in the international community for the total defeat of the security threats affecting the sub-region.
Our Administration will also ensure the timely provision of adequate resources and necessary logistics support for the Armed Forces to operate with the best and modern warfare equipment, while at the same time addressing the issues of their welfare.
We are quite aware that it is our responsibility to provide a conducive environment that is devoid of security threats. I want to re-assure Nigerians that security being one of the pillars of this administration will continue to be at the forefront until peace and security are restored in the country.
We will create an environment in which Nigerians and foreigners are guaranteed freedom and returns on investments.
On this note I urge business enterprises to render discounts and rebates to our men and women in uniform as a symbol of appreciation for their sacrifices. This kind gesture will make life easier for them and deepen their patriotism.
The unfortunate cost of the fight against insurgency and other internal security challenges, is the unavoidable loss of lives of some of our officers and men of the Armed Forces.
The reality is that the spouses and defendants of these bread-winners in most cases experience trauma and deprivation. However, we can be of support to them to lighten their burdens especially in light of the COVID-19 Pandemic.
I therefore call on all to spare a thought for them and take positive steps to come to their aid.
Let me use this medium to commend charity organizations involved in this cause of bringing succor to the families of our fallen heroes and veterans.
I will like to also call on more organizations that are yet to participate in this cause to please come forward and do your duty.
To ensure that our veterans continue to share the comradeship that existed while in Service and that their welfare is adequately catered for, the Federal Government established the Nigerian Legion AS WELL AS FULLY PAID ALL PENSION ARREARS OF VETERANS.
I am delighted to note that the Legion has continued to be a rallying point of veterans and has done a lot in catering for the welfare of their ailing members.
It is in this spirit, that I urge Nigerians to support and participate in the Legion’s initiatives in the areas of transportation, agriculture and housing development.
On my part as the Grand Patron, I wish to pledge my continued support and that of the Federal Government to the Nigerian Legion. I want to also urge state Governors who are patrons in their respective States to continue to support the Legion.
Similarly, government agencies at the Federal and State Levels are encouraged to continue patronizing the services of the Nigerian Legion Corps of Commissionaires in the provision of security services. The potentials of our ex-servicemen are enormous and we can indeed leverage on them for national development.
As I launch the emblem shortly, I wish to call on all Nigerians and others residents in Nigeria to procure and wear the emblems with pride in order to identify with those who laid down their lives for the peace and security of our fatherland.
I encourage all to donate generously in support of our veterans and dependents of our fallen heroes.
Esteemed veterans, ladies and gentlemen, it is now my honour and privilege to launch the 2021 Armed Forces Remembrance Day Emblem and Appeal Fund.
Thank you and God bless the Federal Republic of Nigeria.

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Okonjo – Iweala Emerges World Trade Organisation ‘ s Director General

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images 2020 10 28T153155.293 Okonjo - Iweala Emerges World Trade Organisation ' s Director General

Nigeria’s former Finance Minister, Dr Ngozi Okonji-Iweala has emerged the new Director General of the World Trade Organisation.
According to sources from the European Union, she emerged victorious in the contest over her South Korean rival Ms Yoo Myung-hee, by a wide margin.
Okonjo-Iweala’s victory is expected to be announced formally by the WTO later today.
Details later

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