Nigeria’s beneficial ownership regime at risk as banks allow inactive companies to run accounts

Nigeria’s beneficial ownership regime at risk as banks allow inactive companies to run accounts

The Central Bank of Nigeria, CBN. [PHOTO CREDIT: Ehud Kaduna]

Anti-corruption activists say inactive companies are often used to secure public contracts while concealing politically exposed persons and ultimate beneficiaries.

The post Nigeria’s beneficial ownership regime at risk as banks allow inactive companies to run accounts appeared first on Premium Times Nigeria.

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