Nigeria’s Corporate Affairs Commission deregisters Enough is Enough

The Nigerian government through the Coporate Affairs Commission, has deregistered Enough is Enough Nigeria ( EiE Nigeria)

In a statement released via its official Twitter page, the commission said the business Name “Enough is Enough” which was registered in 2012 to engage in General Contracts, Sales of Sport Equipment/Promotion deviated from its main objectives over the cause of time and consequently, the Commission has removed it from its database and advised the proprietors to surrender the certificate earlier issued to them.”

Based on the provisions of Section 579 (2) of the Companies and Allied Matters Act, (CAMA), the Corporate Affairs Commission has cancelled the registration of the Business name “Enough is Enough BN 2210728” with immediate effect.

— Corporate Affairs Commission (@cacnigeria1) November 10, 2020

According to CAC’s statement, section 529 (2) of the Companies And Allied Matters Act, gives the Commission the power to cancel the registration of a Business Name where the name is deceptive or objectionable.

Recall that NewsWireNGR recently published a deep dive into the CAMA act and it’s problematic clauses, which eventually led to the Socio-Economic Rights and Accountability Project (SERAP) sending an open letter to President Muhammadu Buhari requesting him to “urgently rescind his assent to the Companies and Allied Matters Act, 2020, [CAMA 2020], and to send the legislation back to the National Assembly to address its fundamental flaws.

In the letter dated 22 August, 2020 and signed by SERAP deputy director Kolawole Oluwadare, the organisation said: “With these provisions, the government now has overly broad and discretionary powers to arbitrarily withdraw, cancel or revoke the certificate of any association, suspend and remove trustees, take control of finances of any association, and to merge two associations without their consent and approval of their members.”

With CAC’s announcement of the deregistration on social media, questions and speculations have been raised about the administration’s intentions and whether or not, this act was targeted at the well known civil society group EiE Nigeria.

Interesting this level of disinformation.@EiENigeria WAS NOT registered as a business name, I was a foundation board member before resigning on 28 February 2015 so I know this.

Question: how many times before has CAC come to twitter to announce a deregistration? https://t.co/Dsc2DaZlR4

— Chxta (@Chxta) November 10, 2020

In a telephone conversation with the organisation’s representative, NewsWireNGR gathered that the business entity named by the Corporate Affairs Commission was not the Civil Society Organisation, and a formal statement will be issued later.

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