The Federal High Court in Abuja has been urged to void some portions of the controversial Companies and Allied Matters 2020 for being in conflict with constitutional provisions.
Named as defendants are the National Assembly, the Corporate Affairs Commission , and Minister of Trade and Investment. Sub-section 2 of Section 839 of the Act provides: “The trustees shall be suspended on order of the court upon the petition of the commission or members consisting one-fifth of the association and the petition shall present all reasonable evidence or such evidence as requested by the court in respect of the petition.
“The Minister of Trade and Investment does not have the powers to give approval to the CAC or an Act inconsistent with the constitutional provisions, thereby making Sections 839 subsection 11 of the CAMA contrary to the supreme law of the land.”
Source: News Formal (newsformal.com)
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