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.