Appraising Section 14 of the Business Facilitation Act 2023 and its Effect on Banks
On February 14, 2023, the Business Facilitation Act, 2023 (BFA) was signed into law by President Muhammadu Buhari. As part of the BFA, Section 14 amended sections 275 (1) and (2) of the Companies and Allied Matters Act, 2020.