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Nigeria

Beneficial Ownership Register (NG0006)

Overview

At-a-Glance

Action Plan: Nigeria National Action Plan 2017-2019

Action Plan Cycle: 2017

Status: Inactive

Institutions

Lead Institution: Corporate Affairs Commission (CAC)

Support Institution(s): Nigeria Extractive Industry Transparency Initiative (NEITI), Ministry of Petroleum Resources, Nigerian National Petroleum Corporation, Ministry of Mines and Steel, Independent Corrupt Practices and other Related Offences Commission (ICPC), Economic and Financial Crimes Commission (EFCC), Code of Conduct Bureau (CCB), Federal Inland Revenue Service (FIRS), CBN, Ministry of Foreign Affairs, Ministry of Justice, National Information Technology Development Agency, Office of the Accountant-General of the Federation, Office of the Auditor-General of the Federation. Public What You Pay (PWYP), African Centre for Leadership, Strategy & Development (Centre LSD), Digital Forensics, African Network for Economic and Environmental Justice (ANEEJ), PWYP, WANGONeT, CISLAC, Nigeria Security and Exchange Commission, NACCIMA, Connecting Lens Initiative, Society for Forensic Accounting and Fraud Prevention, BudgIT, Public and Private Development Centre, PGL, Professional Women Accountants of Nigeria, Micro, Small, Medium Enterprises Advocacy and Support Initiative, Association of National Accountants of Nigeria (ANAN), SFAFP, PROWAN

Policy Areas

Beneficial Ownership, Capacity Building, Fiscal Transparency, Private Sector

IRM Review

IRM Report: Pending IRM Review

Starred: Pending IRM Review

Early Results: Pending IRM Review

Design i

Verifiable: Yes

Relevant to OGP Values: Access to Information , Civic Participation , Technology

Potential Impact:

Implementation i

Completion: Pending IRM Review

Description

Nigeria is committing to establishing a register that will make it possible to identify the natural persons who directly or indirectly own, control or enjoy the benefits of the corporate entity.


Commitments

  1. Participatory Budgeting

    NG0015, 2019, Audits and Controls

  2. Implement open contracting and the open contracting data standard

    NG0016, 2019, Beneficial Ownership

  3. Transparent tax revenue reporting

    NG0017, 2019, Legislation & Regulation

  4. Open contracting and licensing in extractives

    NG0018, 2019, E-Government

  5. Implement EITI standard

    NG0019, 2019, Audits and Controls

  6. Establish beneficial ownership registry

    NG0020, 2019, Beneficial Ownership

  7. Strengthen asset recovery legislation

    NG0021, 2019, Anti-Corruption Institutions

  8. Implement National Anti-Corruption Strategy

    NG0022, 2019, Anti-Corruption Institutions

  9. Improve compliance with Freedom of Information Act with focus on records management

    NG0023, 2019, Capacity Building

  10. Improved compliance with mandatory publication provisions requirement (FOIA)

    NG0024, 2019, Capacity Building

  11. Implement Permanent Dialogue Mechanism

    NG0025, 2019, Gender

  12. Aggregate citizens' feedback on programs

    NG0026, 2019, E-Government

  13. Freedom of association, assembly, and expression

    NG0027, 2019, Civic Space

  14. Enhance participation of the vulnerable

    NG0028, 2019, Capacity Building

  15. Implement new computer program in 6 government ministries to improve service delivery

    NG0029, 2019, Capacity Building

  16. Legal instrument to strengthen SERVICOM

    NG0030, 2019, Legislation & Regulation

  17. Citizen Participation in Budget Cycle

    NG0001, 2017, Audits and Controls

  18. Open Contracting

    NG0002, 2017, Capacity Building

  19. Extractive Sector Transparency

    NG0003, 2017, Beneficial Ownership

  20. Tax Reporting Standards

    NG0004, 2017, Fiscal Transparency

  21. World Bank Doing Business Index

    NG0005, 2017, Infrastructure & Transport

  22. Beneficial Ownership Register

    NG0006, 2017, Beneficial Ownership

  23. Anti-Corruption Informationi Sharing

    NG0007, 2017, Anti-Corruption Institutions

  24. Asset Recovery Legislation

    NG0008, 2017, Capacity Building

  25. Anti-Corruption Activity Coordination

    NG0009, 2017, Anti-Corruption Institutions

  26. FOIA Compliance for Annual Reporting

    NG0010, 2017, Capacity Building

  27. FOIA Compliance for Disclosure

    NG0011, 2017, E-Government

  28. Permanent Dialogue Mechanism

    NG0012, 2017, Fiscal Transparency

  29. Joint Governmnet-Civil Society Legislation Review

    NG0013, 2017, OGP

  30. Technology-Based Citizens' Feedback

    NG0014, 2017, E-Government