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BACKGROUND The Companies and Allied Matters Act (Chapter C20) Laws of the Federation of Nigeria 2004 ( CAMA 1990 ) was initially made law in Nigeria in 1990 as a decree of the military government. It was modelled on the English Companies Act 1985. For thirty years, there were no significant amendments to the CAMA 1990, notwithstanding that England has, over the past three decades, amended and replaced its own Companies Act. Nigerian companies had to, essentially, rely on a 30-year old law to govern the way businesses operate in our dynamic and exponentially evolving global community. However, this all changed on Friday the 7th of August

United kingdomFederation of nigeriaUdo udoma belo osagieMuhammadu buhariCorporate affairs commissionHigh courtEnglish companiesAllied matters actEnglish companies actPresident muhammadu buhariUdo udomaInsolvency actFederal high courtWinding up rulesUnited kingdom insolvency rulesThe companies and allied matters act 2020 x2013 what you need to know part 11 company voluntary arrangements