In a ruling issued by the Federal High Court in Abuja, it was said that some sections of the Companies and Associated Matters Act do not apply to religious organizations and churches (CAMA).
These clauses include, among other things, the Commission’s authority to suspend trustees of religious organizations and appoint temporary management in their stead.
The Registered Trustees of the Christian Association of Nigeria (CAN) v. The Corporate Affairs Commission (CAC) and The Ministry of Industry, Commerce, and Investment was decided by Judge Inyang Ekwo.
A group of attorneys under the direction of Chief Joe-Kyari Gadzama SAN defended the plaintiff.
These clauses grant the Commission the authority to delegate management duties to an interim manager and suspend the trustees of an incorporated trustee.