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2021 OGP Impact Awards: Nigeria – Beneficial Ownership Transparency

Opacity in Nigeria’s extractives sector has decimated communities, destroyed lives and led to the rise of militancy in oil producing regions. The Companies and Allied Matters Act (CAMA) was passed in 2020 – making it mandatory to disclose persons with significant control of companies in a register of beneficial owners to enhance corporate accountability and transparency. It will enable public authorities to track the proceeds of corruption and redirect the resources for national benefit.

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TERVER AYUA-JOR Reply

Great strides made by Nigeria to deepen Beneficial Ownership Information disclosure.

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