Aare Ona Kakanfo Council has enjoined President Muhammadu Buhari against the implementation of the Companies and Allied Matters Act (CAMA).
The council stated this at a meeting chaired by the Aare Ona Kakanfo of Yorubaland, Iba Gani Adams.
Gazelle News.com reports that the Socio-Economic Rights and Accountability Project (SERAP) have since given Buhari 14 days to withdraw assent or face a lawsuit.
In a communique signed by Babajide Tanimowo, Atoloye Aare Ona Kakanfo of Yorubaland, stated that the “furore generated by the signing of the law should tell the President that it is an unpopular law”.
“We ask the President to rescind his decision and withdraw his assent. The hallmark of a true leader is to listen and accede to his people’s yearning. We call on the President to respect the sensitivity of Nigerians and do the needful.”
The council also condemned the reintroduction of the “vexatious” National Water Resources Bill, rejected in 2018 by the National Assembly.
“Presentation of this bill at this time is not of National interest. It is purely suicidal because the bill on water management and control in a country like Nigeria that prides itself as a Federal State actually negates the spirit of true federalism as it is practised in saner climes”, it noted.