A Bill for an Act to Amend the Companies and Allied Matters Act No.3 of 2020 to Establish a Specialized Corporate Compliance Unit within the Cac to Monitor and Ensure Adherence to Statutory Obligations; Create a Whistleblower Mechanism to Report Violations, with Legal Protections for Whistleblowers to Encourage Transparency; and for Related Matters

National Assembly (2025)

Working Paper

This Bill seeks to amend the Companies and Allied Matters Act, No.3 of 2020, to establish a specialized corporate compliance unit within the CAC to monitor and ensure adherence to statutory obligations; and create a whistleblower mechanism to report violations, with legal protections for whistleblowers to encourage transparency.

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