Nigeria waits for promises to be fulfilled
The National Assembly has waited more than six months for the president to give his assent to anti-corruption legislation
Nigerian legislators have done everything within their power to force transparency in its oil and gas sector and curb illicit financial flows from its shores, passing the amended Companies and Allied Matters Act (Cama). But they still have a final hurdle to cross—securing President Muhammadu Buhari’s illusive signature.
“The [amended] Cama bill is meant to take care of beneficial ownership as it requires all companies in Nigeria to disclose, in their annual returns and register of members, the details of all persons with significant control, of over 5pc,” says Lagos-based Adejoke Akinbode, program officer, extractives at BudgIT, a civic organisation that uses technology to demand transpare
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