NEWS
CAMA 2020: CASON Urges Churches to Be Accountable
The Church Administration Society of Nigeria, CASON, has called on church leaders to apply caution and follow due diligence in the handling of church finance; warning that if care is not taken, they may run foul of the Company and Allied Matters Act – CAMA, 2020.CASON gave the warning at its 2024 Annual General Meeting held recently in Lagos as a hybrid session. The lead paper that formed the fulcrum of the discussion was delivered by Mr. Segun Shelleh, a chartered accountant of multiple decades who sits on the Board of CASON as Treasurer. He sensitized churches on various core issues of the law.On income and property of a church organisation, Shelleh disclosed that Section 838(i) of CAMA 2020 states that, “the income and property of a body or association whose trustees are incorporated under this part of this Act shall be applied solely towards “The promotion of the objectives of the body as set forth in its Constitution; and that no portion from it shall be paid or transferred directly or indirectly, by way of dividends, bonuses, or otherwise by way of profit to any of the members of the association.”Shelleh explained that the implication of this provision of the Act is that the funds and the assets of the organization must strictly be used to uphold the objectives of the Church as laid out in the legal constitution submitted to the Commission at the incorporation of the Church.Profit Sharing Is Illegal. “No portion of the gains resulting from the operations of the Church can be shared or distributed amongst the members of the Church or its leadership, comparable to what obtains in a business enterprise where profits are shared amongst the shareholders.”He noted that “Section 838(ii) also did pronounce that no member of the council or governing body (except for the ex-officio) shall be entitled to or paid remuneration or salary of any type unless for the repayment of out-of-pocket expenses, reasonable rent for premises demised or let to the body or reasonable fee for services rendered.”Section 838(iii) according to him “also spelt out the consequence of contravening the provision of Section 838 (i) & (ii) by stating clearly that a person who knowingly acts or joins in acting in contravention of this section, he is liable to refund such income or property so misapplied to the association.”Contravening the provision of the act could also lead to the suspension of the trustees of the Church in accordance to Section 839(vi) of the Act.“Any legitimate offering the Church is interested in pursuing which is not in the Constitution, should be included in the Constitution forthwith by approaching the Commission to alter the Constitution in line with Section 833 of CAMA 2020.″He advised also that any person who is a trustee of the Church and may need to draw salaries from the organization, should immediately consider removing himself or herself from the trustees and remain just a staff of the organization rendering his or her service to the Church organization dutifully in compensation for the remuneration received. On dormant account run by churches he said, “Sections 842(i) & (ii) of CAMA 2020 empowers banks in Nigeria to notify the Commission with the details of any dormant bank account(s) as defined under the relevant banking regulation, in its custody that is in the name of an Incorporated Trustee.The Commission is charged, upon receiving the notification from the bank, to request the affected Incorporated Trustees to provide evidence of its activities within 15 days of the receipt of such request by the Commission. The failure of the Incorporated Trustees to satisfactorily provide such evidence within the 15 days window stated in the Act t, the Commission may dissolve the Incorporated Trustees and give direction to the bank to transfer the credit balance in the concerned bank account(s) to the bank account of any specified. Shelleh therefore recommended that churches should not maintain more than five bank accounts per time for easy monitoring. He also emphasized: “It should be noted that the government is determined to stamp out terrorism in the country. The funding of which incidentally has been linked to some NGOs and even faith-based organizations.”He also sounded a note of warning on the need to always submit the statements of account of the church to CAC adding that defaulting churches risk being fined. Shelleh however counselled that churches should do more of self-regulation. “If we refuse to self-regulate as churches within the Body of Christ, then the government will enforce it on us, and it may not be a beautiful thing at such moments.”
NEWS
Governor Dauda Lawal Joins President Tinubu at Historic Press Corps Dinner
Zamfara State Governor Dauda Lawal P.hD was among the dignitaries at the maiden State House Press Corps Presidential Dinner, held Thursday at the Presidential Villa in Abuja.
A highlight of the evening came when Governor Lawal formally invested President Bola Ahmed Tinubu as the Grand Patron of the State House Press Corps, a symbolic gesture underscoring the administration’s recognition of the media’s role in governance.
Organized to bridge the gap between journalists and top government officials, the dinner celebrated excellence in presidential reporting while offering an informal platform for candid dialogue between the press and policymakers.
In his address, President Tinubu charged journalists with upholding truth, balance and responsibility in their work, describing them as indispensable partners in Nigeria’s democratic journey. He also reassured attendees of his government’s steadfast commitment to constitutional guarantees of press freedom and free expression.
The State House Press Corps, made up of journalists accredited to cover the presidency, hosted the historic event.
Among the prominent guests were First Lady Senator Oluremi Tinubu, Secretary to the Government of the Federation George Akume, Chief of Staff Femi Gbajabiamila and ministers overseeing Finance, Education, Health, Agriculture and Information. Also present was the Head of Service of the Federation, Mrs. Didi Esther Walson-Jack.
NEWS
South African Investment Banker Richard Simanga Ngwenya Arrested in Alleged Fraud Investigation.
Richard Simanga Ngwenya, a South African-based investment banker and Zimbabwean businessman known for showcasing an extravagant luxury lifestyle on social media, has been arrested in connection with an alleged fraud investigation, according to documents circulating online.The documents, which have attracted widespread attention across digital platforms, identify Ngwenya as a suspect in a case registered in Sandton and reference a South African Police Service (SAPS) case number linked to the ongoing investigation.The arrest comes just weeks after Ngwenya dominated headlines over reports that he gifted his girlfriend a luxury Bentley, a gesture that fueled conversations about his lavish spending and elevated his profile across Zimbabwean and South African social media.The latest development has shifted public attention dramatically, with social media users revisiting videos and photographs highlighting his collection of luxury vehicles, designer fashion and high-end lifestyle. Online discussions have intensified, with many questioning the source of his wealth. However, no court has made any findings regarding those claims, and the allegations remain subject to legal proceedings.Ngwenya built a significant online following through displays of wealth that frequently went viral, positioning him among the region’s most talked-about young businessmen. His social media presence often featured luxury automobiles, premium real estate, international travel and extravagant gifts.The alleged fraud investigation now places the businessman under legal scrutiny, with observers closely monitoring developments as the matter progresses through South Africa’s criminal justice system.Authorities have yet to publicly disclose the full details of the allegations or the value of the alleged fraud under investigation. Further information is expected to emerge as legal proceedings continue.As of the time of publication, Ngwenya has not publicly commented on the allegations, and no plea or court finding has been reported.
NEWS
Governor Dauda Lawal Distributes 50 Subsidised Buses, Commissions Fire Trucks for Swift Emergency Response
Zamfara State Governor, Dauda Lawal P.hD has rolled out a major public welfare intervention distributing 50 subsidised buses to the National Union of Road Transport Workers (NURTW) and commissioning five modern fire trucks, in a move aimed at tackling transportation hurdles and strengthening emergency response across the state. The official handover ceremony took place on Wednesday at the Government House in Gusau, drawing leaders from the transport union, fire service officials and top government functionaries.
According to Governor Lawal, the buses are being provided under the Zamfara State Loan Scheme, a structured financing programme designed to promote economic empowerment while ensuring sustainability through cost recovery. Each bus was procured at ₦27,390,000, but the state government is absorbing 20% of that cost – amounting to ₦5,478,000 per vehicle – as a direct subsidy to ease the financial burden on beneficiaries.This means each NURTW member will repay ₦21,912,000 over a 44-month period, with repayment commencing from the date of vehicle allocation.
Crucially, the NURTW has entered into a partnership with the government to oversee the entire process, with the union responsible for identifying eligible members, supervising the use of the vehicles and ensuring strict compliance with the repayment schedule, a collaborative approach intended to minimise defaults and guarantee the scheme’s longevity.
In a parallel development, the Governor also commissioned five state-of-the-art fire trucks to reinforce the Zamfara State Fire Service, with the trucks equipped to modern standards and expected to significantly shorten response times during emergencies. Governor Lawal underscored the urgency of the investment, noting that fire outbreaks remain a persistent threat to lives and property in the state. “We are aware that fire outbreaks can destroy homes, shops and livelihoods in seconds,” he said. “These new fire trucks, equipped with modern standards, will strengthen the state fire service’s capacity to respond faster across all nooks and crannies of the State.”
He charged the Fire Service leadership to complement the equipment with rigorous personnel training, regular public fire-safety sensitisation campaigns and consistent maintenance to keep the trucks in optimal condition at all times. The Governor made it clear that all assets distributed belong to the people of Zamfara and must be treated with utmost care, directing all benefiting Ministries, Departments and Agencies, as well as individual beneficiaries, to submit quarterly maintenance and utilisation reports to their respective oversight offices.
He further issued a stern warning against any form of abuse, declaring that “vandalism, misuse or diversion will not be tolerated,” signalling the administration’s commitment to transparency and responsible asset management.
Governor Lawal framed the initiative as part of his broader agenda to uplift the state’s transportation sector, create economic opportunities for transport workers, and enhance public safety. By subsidising the buses, the government aims to ease the cost of commuting for residents while providing a sustainable livelihood for NURTW members, while the fire trucks are expected to reduce the devastation caused by infernos in both urban and rural communities. The combined investment reflects a multi-pronged strategy to address critical infrastructure gaps while fostering accountability and community partnership.
With the handover complete, the NURTW is expected to begin allocating the buses to qualified members in the coming days, while the Fire Service will deploy the new trucks across strategic locations in the state. The government has pledged to monitor progress closely through the quarterly reporting mechanism, with defaulters or abusers facing appropriate sanctions. This development marks one of the largest single interventions in the transport and emergency services sectors under Governor Lawal’s administration and stakeholders are watching closely to see how the scheme translates into tangible improvements for ordinary Zamfara residents.
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