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Kayode Oyero
Kayode Oyero
Published 15 March 2021
The Christian Association of Nigeria has dragged the Federal Government to court to challenge some provisions in the just gazetted controversial Companies and Allied Matters Act 2020 popularly called CAMA.
In a statement on Monday by its General Secretary, Joseph Daramola, the Christian body said it is not comfortable with some provisions of CAMA 2020, hence, its decision to challenge the matter in court.
The suit No FHC/ABJ/CS/244/2021 between the Incorporated Trustees of Christian Association of Nigeria; and the Corporate Affairs Commission as well as the Minister of Industry, Trade and Investment was filed before the Federal High Court, Abuja, the statement said.
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N25 billion CBN Overdraft: SERAP writes Buhari, seeks spending details of overdrafts since 1999
The organisation says the growing level of public debt would increase debt-servicing costs 4 min read
The Socio-Economic Rights and Accountability Project (SERAP) has urged President Muhammadu Buhari to provide spending details of the overdrafts and loans obtained from the
SERAP said the details should include the total overdrafts, the projects on which the overdrafts have been spent, repayment of all overdrafts to date, as well as clarity on whether “the $25bn (N9.7trn) overdraft reportedly obtained from the CBN is within the five-percent limit of the actual revenue of the government for 2020.”
SERAP seeks spending details of $25Bn CBN overdrafts from 1999
On
By Olasunkanmi Akoni
Socio-Economic Rights and Accountability Project, SERAP, has urged President Muhammadu Buhari to provide spending details of the overdrafts and loans obtained from the Central Bank of Nigeria (CBN) by the Federal Government since May 29, 2015.
SERAP also demanded for the total overdrafts, the projects on which the overdrafts had been spent; repayment of all overdrafts to date, as well as to clarify whether the $25 billion about N9.7 trillion overdraft reportedly obtained from the CBN is within the five-percent limit of the actual revenue of the government for 2020.
The organization is also urging him to “provide details of spending of overdrafts and loans obtained from the CBN by successive governments between 1999 and 2015.”
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