Expose politicians’ illicit wealth, stakeholder tells FG

Some stakeholders in the country have urged the Federal Government to implement its policy to expose Nigerian politicians who hide their identities to conceal corruptly-acquired wealth.

They made the call on Wednesday in Abuja, at a multi-stakeholder dialogue on “Supporting Beneficial Ownership Transport Champions in Nigeria” organised by Civil Society Legislative Advocacy Centre (CISLAC).

“Beneficial Ownership’’ is a legal term for specific property rights which include use and titles in equity belonging to a person even though legal title of the property belongs to another person.

A stakeholder, Dr. Dauda Garuba said politically-exposed persons deliberately created network of companies to hide their identities toward acquired wealth which further increased the risk of corruption in non-fortified economies.

He cited the example of the Malabu Oil scandal involving the award of Nigeria’s richest oil bloc by a sitting minister of petroleum resources to a company belonging to him.

Garuba said the award was

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