The Senate, in less than 10 minutes on Tuesday, passed a bill that seeks to amend the Companies and Allied Matters Act 2004.
The bill, sponsored by the Senate leader, Abdullahi Yahaya, was read for the first time on December 10, 2019 and scaled second reading on February 27.
The bill seeks to provide for the incorporation of companies, limited liability partnerships, limited partnerships, registration of business names together with incorporation of trustees of certain communities, bodies or associations.
The Senate passed the bill in May 2018 to, among others, make it possible for individuals to register their companies from any part of the world.