Stakeholders in the anti-corruption sector have declared that Nigeria's fight against financial crimes might be taking a significant leap in the right direction with the implementation of beneficial ownership information.
Stakeholders in the anti-corruption sector have declared that Nigeria's fight against financial crimes might be taking a significant leap in the right direction with the implementation of beneficial ownership information..Say Nigeria nears threshold for global best practices
The stakeholders stated this at the training for competent authorities on the use of Beneficial Ownership Information organised by the International Institute for Democracy and Electoral Assistance funded by the European Union under the Rule of Law and Anti-Corruption Programme Phase II in Abuja, yesterday.
For the Nigeria Financial Intelligence Unit , the concept of beneficial ownership, though relatively new in Nigeria, can be strengthened through synergy and collaboration. He lamented that powerful individuals are sponsoring drug trafficking through syndicate companies, adding that full implementation of beneficial ownership will ensure that those responsible for crimes are arrested.
Uche, however, said the effective implementation of beneficial ownership is a very critical step to lift the veil off real owners of corporate entities.Before flagging, please keep in mind that Disqus does not moderate communities. Your username will be shown to the moderator, so you should only flag this comment for one of the reasons listed above.
A Governorship aspirant of the Labour Party , Kenneth Imansuangbon, yesterday, asked the court to bar the Independent National Electoral Commission or any other agent from recognising Olumide Akpata as the governorship candidate of the party for the September 21 Edo governorship election.
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