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Breaking News | Over 70% Of Corruption Cases In Nigeria Linked To Unknown Companies – FG

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By Emmanuel Elebeke The Federal government says over 70 per cent of corruption cases in the country are perpetrated by persons who use anonymous companies.
It however, disclosed that over $1 billion had so far been recovered by governments using beneficial ownership data.
The minister of Trade, Industry and Investment, Otunba Adeniyi Adebayo disclosed this on Monday in Abuja at the media presentation of Nigeria’s Road to Beneficial Ownership Transparency at the 2021 Open Government Partnership (OGP) Week, with the theme: ‘Re-engineering Government, Institutions and Society for Transparency, Accountability and Inclusive Citizens Participation”
READ ALSOEl-rufai will not be welcomed in my home Sheikh Dahiru Bauchi The Minister assured that when the register of companies was completed, it would help government in decision-making, especially around awards of contracts, permit and licences. ....

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Over 70% of corruption cases in Nigeria linked to unknown companies

By Emmanuel Elebeke
The Federal government says over 70 per cent of corruption cases in the country are perpetrated by persons who use anonymous companies.
It however, disclosed that over $1 billion had so far been recovered by governments using beneficial ownership data.
The minister of Trade, Industry and Investment, Otunba Adeniyi Adebayo disclosed this on Monday in Abuja at the media presentation of Nigeria’s Road to Beneficial Ownership Transparency at the 2021 Open Government Partnership (OGP) Week, with the theme: ‘Re-engineering Government, Institutions and Society for Transparency, Accountability and Inclusive Citizens Participation”
The Minister assured that when the register of companies was completed, it would help government in decision-making, especially around awards of contracts, permit and licences. ....

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