It’s only the National Assembly that can amend Section 839 of CAMA 2020 Law -Osibanjo

Responding to the issue of the Companies and Allied Matters Act (CAMA) 2020, the Vice President said the solution to the concerns is evident, noting that an amendment to the CAMA Act could be sought by those expressing concerns about sections of the law.
He said “we have a process by which this can be redressed. Whatever the proposal for amendment may be, whatever the view 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 into a proposal that will be brought to the National Assembly for consideration for amendment to the law, that is the process which is entirely opened and ought to be pursued.
“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.”
Speaking on the Federal Government’s reaction to the contraction of the economy as a result of the COVID-19 pandemic and related issues, Prof. Osinbajo said the Buhari administration’s response is robust and focused on local production using home-grown resources.
Citing the example of specific efforts of wealth and job creation using local resources, the Vice President said under the agriculture component of the National Economic Sustainability Plan (NESP-AGRO), 5 million farmers whose produce would be off-taken by government have been registered.
He added that progress is also been made under the housing component of the plan known as NESP-HOUSING with 11 State governments already given land and more states expected to join with the target of building about 100, 000 housing units, including 2-bedroom apartments at between N1.8 – N2 million cost, and in the process, engaging young architects, builders, among others.
Commenting on the other aspects of the stimulus package, the Vice President said, the Federal Government has, as part of the NESP, a survival fund and payroll support for artisans, private school teachers and small businesses.
The Speaker of the House of Representatives, Hon. Femi Gbajabiamila, spoke about the collaboration between the Executive and the Legislature under the Buhari administration in addressing some of the critical issues facing the country.
He said the actions of the House of Representatives would continue to be guided by the legislative agenda adopted by the House at its inauguration in 2019 which is in line with the vision of President Muhammadu Buhari.