Nigeria Can Save $15bn Annually Via CAC Beneficial Ownership Register – OGP

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The global chief executive officer of Open Government Partnership (OGP) Sanjay Pradian has said Nigeria can save over $15 billion annually in illicit

He said, “If the government must fight corruption, it has to unmask the real owners of companies, and when they are getting the public procurement contract you will be able to know who is getting what contract and if there are red flags one can easily point it out.”

He said the development of the register has shown that the government is committed to the fight against corruption, transparency, open government contract and that the government is committed that it operates with the best standards obtainable in the world. Abubakar stated that they have perfected the process such that names of people submitted to them can be identified and traceable saying the era where people cloned names submitted to them is gone.

 

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