Expose Politicians’ Corruptly-Acquired Wealth, Stakeholders Tells FG

By Angela Atabo/Nkechi Onyeneke

Abuja –   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 that

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