COMPANIES AND ALLIED MATTERS ACT 2020 : THE ''CONTROVERSIAL" SECTION

 Dear readers, 

Growing up, I have heard people say "Knowledge is Power" but do you think knowledge not put into use is also power? Lets put into use our knowledge so it becomes power to us.

I will be discussing the Companies and Allied Matters Act 2020 assented by President Muhammad Buhari especially the "controversial" Section 839  which has received knock from Religious leaders. Section 839 subsection (1) empowers the commission to suspend trustees of an association and appoint interim managers to manage the affairs of the association where it reasonably believes that-

(a) There is or has been misconduct or mismanagement in the administration of the association.

(b) where it is necessary or desirable for the purpose of (i) protecting the property of the association, securing a proper application for the property of the association towards achieving the objects of the association, the purpose of the association of that property or the property coming to the association and most importantly to protect public interest.

FUNKE AKINDELE : PEROGATIVE OF MERCY

In Criminal law what serves as deterrence is not the severity of punishment but the certainty of punishment -TW

FUNKE AKINDELE-BELLO & COVID-19

The Lagos State Police Command has arrested Nollywood Actress Funke Akindele-Bello  for violating the Social distancing directive of the state by throwing a lavish party for her husband Abdul-Rashid Bello inviting about Forty guests to her  house party.



It is pertinent to note that there is a global pandemic , Corona Virus which has killed Thousands of people across the globe including Nigeria with Lagos State having the highest number of cases in Nigeria.The Lagos State under the leadership of Governor Babajide Sanwoolu is doing his best to curtail the spread of this deadly virus and has ordered an immediate slow-down of activities, prohibition of large gatherings, social distancing measures, partial and full closure of public offices in the ever bustling mega city.

COVID-19 FORCE MAJEUR /ACT OF GOD

This post is specifically for business owners and associates as disputes affecting declaration of Force Majeure  from the impact of COVID-19 seems to be unavoidable.

An 'Act of God' is simply an unpredicted natural event while the Force Majeure is simply the clause included in contract to remove liability for natural and unavoidable catastrophe that interrupts the expected course of events and restricts parties from fulfilling an obligation.