On August 7th, 2020 President Muhammadu Buhari signed into law the Companies and Allied Matters Act (CAMA 2020, the “Act” or the “New Act”).

Section 869 of the New Act repeals the erstwhile CAMA 1990 and all related amendments, legislation and regulations made thereunder (“Repealed CAMA”), whilst Section 869(2) preserves the validity of any order, rule, regulation, appointment, conveyance, mortgage, deed, agreement, resolution, direction, proceeding, instrument or thing in force immediately before the commencement of the New Act

We highlight the key innovations introduced under the Companies and Allied Matters Act 2020 (“CAMA 2020)