Featured
Osinbajo seeks end to secret business ownership
He expressed this view in his address at the 20th Anniversary of Africa Regional Webinar of the Independent Corrupt Practices and Other Related Offences Commission (ICPC) on Tuesday in Abuja.
The theme of the webinar is: ‘’Combating Corruption and Illicit Financial Flows: New Measure and Strategies.’’
He said: “One more matter of concern that the international community must work together to solve is the matter of secret corporate ownership and the whole issue of beneficial ownership.
Read Also: ‘N800m’ property not mine, says Osinbajo’s daughter
“For us in the developing world and especially in Africa, breaking the wall of secret corporate ownership is crucial because secrecy around corporate ownership is implicated in our underdevelopment.
“Although anonymous companies are not always illegal, secrecy provides a convenient cover for criminality and corruption.
“Our experience in Nigeria as in other developing countries is that anonymous corporate ownership covers a multitude of sins including conflict of interests, corruption, tax evasion, money laundering, and even terrorism financing.’’
-
World News6 days agoBiden says ‘nobody can reverse’ his climate agenda. But Trump is poised to try.
-
Gist2 days agoVIDEO: Congo’s president daughter’s bedroom video leaks
-
News6 days agoDelta Assembly Approves Name Change for University of Science and Technology, Ozoro
-
News6 days agoTrackNews Felicitates New NUJ Bayelsa State Exco
-
News4 days agoNIMASA DG JOB: Gbajabiamila Allegedly Collected $1m Bribe From Victor Ochei, Others Paid $2m, $3m, Tinubu’s Man Akinyelure Fingered, ONI-Okpaku Arrested ___Jackson Ude
-
Politics2 days agoPatani stands still as High Chief (Dr) Wayles honors his mother, remembering her legacy 5 years later.
-
Business6 days agoJUST-IN: Auditor-General uncovers N3.4trn fraud
-
Sports6 days agoAdemola Lookman adds to Super Eagles withdrawals