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International Journal of
Law
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VOL. 9, ISSUE 3 (2023)
Appraising the role of the adminstrative proceeding committee in Nigerian corporate governance
Authors
Obagboye Tomi Grace, Aishatu Muhammed Umar, Udowoima Memabasi Emmanuel
Abstract

In line with the government's desire to improve the ease of doing business, the CAMA 2020 introduced commendable provisions such as the replacement of authorized share capital with minimum issued share capital, the introduction of single-member companies, among others. In addition, The Administrative Proceedings Committee (APC) was established. The APC was introduced by Section 851 of the new CAMA as an administrative tribunal for resolution of disputes or grievances arising from the operation of CAMA. It is expected to be a vital tool for the Corporate Affairs Commission in ensuring compliance with the provisions of the Act. The APC, though laudable, is not without challenges and drawbacks.

This work critically examined the composition of the APC and it’s roles and underscored the fact that there is likelihood of bias and parties may not be guaranteed fair hearing given the composition of the APC. Another troublesome issue considered is that the APC in carrying out it’s roles may be encroaching into the exclusive jurisdiction of the Federal High Court, conferred upon it by Sec 251 of the Nigerian Constitution 1999 (As amended).

Recommendations for the effective performance of the roles of the APC were highlighted.
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Pages:93-95
How to cite this article:
Obagboye Tomi Grace, Aishatu Muhammed Umar, Udowoima Memabasi Emmanuel "Appraising the role of the adminstrative proceeding committee in Nigerian corporate governance". International Journal of Law, Vol 9, Issue 3, 2023, Pages 93-95
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