The global Chief Executive Officer of Open Government Partnership Sanjay Pradian has said Nigeria can save over $15billion illicit financial flows if it is able to eliminate anonymous ownership of companies through the implementation of Beneficial Ownership register by the Corporate Affairs Commission .
The OGP CEO while speaking at a multi-stakeholder meeting on Nigeria Beneficial Ownership Register yesterday, in Abuja, stated that passage of the Company and Allied Matters Act was a big step undertaken by the government in the fight against corruption, saying the ownership register would further see to the implementation of the Act.
The Registrar-General of Corporate Affairs Commission Alh Garuba Abubakar disclosed that the commission had developed the Beneficial Ownership Register since January 2022, adding that the register allows people to view the beneficial owners of companies across Nigeria.
All this link of NIN, simcard registration BVN and CAC is tantamount to nothing if non has of catching terrorist, bandit or kidnappers. They use phone numbers for making calls even sometimes collect ransom through account numbers yet story story
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