Still on CAMA law – Vanguard News

By Sunny Ikhioya

NOW that emotions, temperaments and sentiments have subsided, we can look dispassionately into the proposed adjustment  to the Companies and Allied Matters Act, otherwise shortened as the CAMA act, which I will henceforth refer to as the CAMA law.

What is the reasoning behind the establishment of this law? Why must it come up for review now? We already have laws in place to take care of mismanagement at the personal, collective and institutional levels?

If we have, why are we not using them to effective levels? If the Western world is operating a law in their land, must it be same in our environment? Are we ready to allow institutions to work as obtainable in the developed world?

If we say we want to operate the law here because it is working in the UK and other…

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