Nigeria's Federal High Court (FHC) in Abuja has nullified certain sections of the Companies and Allied Matters Act (CAMA) 2020, which it deemed to infringe on the fundamental human rights of Nigerian citizens, according to NAN's report.
Justice James Omotosho who delivered the verdict stated that the plaintiff, Emmanuel Ekpenyong, had the right to institute the case on the subject matter. In the originating summons, Ekpenyong, an Abuja-based lawyer, had prayed the court to determine whether the said provisions of the CAMA 2020 were inconsistent with the provisions of the Nigerian constitution, specifically sections 38 and 40.
The affected provisions included Sections 839, 842, 843, 844, 845, 846, 847, 848 and 851. The National Assembly, Corporate Affairs Commission (CAC), and the Attorney-General for the Federation (AGF) were defendants in the suit.
The CAMA, which came into effect in August 2020, regulates the establishment and management of companies in Nigeria. The CAMA 2020 has been the subject of controversies since it became law.
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