Aare Ona Kakanfo Council has cautioned President Muhammadu Buhari against implementing the Companies and Allied Matters Act (CAMA).
The council made the call at a meeting chaired by the Aare Ona Kakanfo of Yorubaland, Iba Gani Adams.
The law provides for religious bodies and charity organizations to be regulated by the Corporate Affairs Commission (CAC).
Socio-Economic Rights and Accountability Project (SERAP) has given Buhari 14 days to withdraw assent or face a lawsuit by legal luminary, Femi Falana.
A communique signed by Babajide Tanimowo, Atoloye Aare Ona Kakanfo of Yorubaland, said 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 criticized 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.