The 16th Annual Business Law Conference of the Nigerian Bar Association’s Section on Business Law (NBA-SBL) kicked off in Abuja with a plenary session which scrutinised the progress made since 2020, when the Companies & Allied Matters Act made a number of amendments to an Act that was originally enacted three decades prior.
NEWSWIRE Law & Events Magazine’s correspondent at the Transcorp Hilton venue of the confab reports that the panel discourse, moderated by Toyin Bashir, a Partner at the commercial law firm of Banwo & Ighodalo, featured a lead presentation on the operations of the Corporate Affairs Commission (CAC) by its Registrar-General, Alhaji Garba Abubakar (who was represented by Mr. Justin Ndia) as well as contributions from Amina Ibrahim; Marx Ikongbeh and Felicia Mosuro.
In his presentation, Ndia ran through the most consequential of the over 200 amendments to the CAMA Act which, he said, were aimed at streamlining the regulatory framework in a way that creates a win-win situation for corporate entities as well as helps government agencies to fulfil their statutory responsibilities to society, and protects the public interest.
Ikongbeh, in his contribution, acknowledged the ‘game-changing’ nature of the new amendments – especially those that have removed the need for lawyers to engage in ‘legal engineering’ (as he put it) or otherwise cut corners on behalf of clients.
Other panelists spoke in a similar vein, each one citing a provision or provisions of particular interest.
The question and answer session that followed the session was an equally lively one, as delegates expressed particular concern about the bureaucratic bottlenecks responsible for the delay in registering trademarks, and called for its overhaul to offset the cost of such delays.
-Advertisement-
Grab our latest Magazine, "Kelechi Amadi-Obi - Transcending the worlds of Law, Visual Art and Photography". Get your order fast and stress free.
For more details about Newswire Law&Events Magazine, kindly reach out to us on 08039218044, 09070309355. Email: newswiremagazine@yahoo.co.uk. You will be glad you did
Download E-MagazineDo you want to be heard, your events covered, your articles published, or need to advertise your products and services on our Blog and Magazine, reach out to us at Newswire Law and Events, you will be glad you did. For more details about our services, please call: 08039218044, 09070309355. Email: newswiremagazine@yahoo.co.uk
