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