Public Register

Status: UNDERWAY

Thematic Area: Beneficial Ownership Transparency

Commitment:

Nigeria is committed to establishing a public central register of company beneficial ownership information. (The President of Nigeria has presented a draft Money Laundering Prevention and Prohibition Bill to the National Assembly in February, 2016. This Bill has defined Beneficial Ownership in line with FATF standards.)


Asset Recovery Guidelines

Status: UNDERWAY

Thematic Area: Asset Recovery

Commitment:

We commit to developing internationally endorsed guidelines for the transparent and accountable management of returned stolen assets.


Property

Status: UNDERWAY

Thematic Area: Beneficial Ownership Transparency

Commitment:

We are taking steps to ensure transparency of the ownership and control of all companies involved in property purchase and public contracting. Nigeria is already collating this information through the Extractive Industry Initiative process and would extend it to other sectors.


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