President Muhammadu Buhari, on 31 December 2020, signed the Finance Act 2020 (“the Act” or “FA20”) alongside the 2021 Appropriation Act into law.
The repeal and re-enactment of the Companies and Allied Matters Act, 1990 (CAP C20, LFN 2004) (‘CAMA’) as CAMA 2020 (“the Act”) is a major game changer