FG to launch national register on beneficial ownership in January

The National Beneficial Ownership Register is to be launched by Nigeria Extractive Industries Transparency Initiative (NEITI) and the Corporate Affairs Commission (CAC) in January next year.

The Executive Secretary of NEITI, Dr Orji Ogbonnaya Orji and the Registrar General of the CAC, Mallam Garba Abubakar announced this at the ongoing Conference of State Parties on United Nations Convention Against Corruption in Sharm El Sheikh, Egypt, a statement by NEITI said on Sunday.

The NEITI Executive Secretary explained that under the joint inter-agency collaboration with the CAC, the NEITI Beneficial Ownership register filled with facts, information and data on who owns what in the oil, gas and mining sectors will merge with CAC Beneficial Ownership Portal that covers all registered companies in Nigeria.